Choose one insurance company for all your insurance needs:
This is one of the best ways of ensuring that you get the very best value for your money. Try to use one insurance provider for all your insurance needs and you can benefits from huge discounts. For example, you can choose to insure your home, its contents, your car and your life with the same insurance company.
Make annual payments instead of monthly ones:
While many people opt for monthly insurance payments, you can save quite a lot of money if you opt to for yearly payments instead. This is due to the fact that many insurance companies charge policy holders an admin fee when payments are processed. By only making one payment per year instead of twelve, you could save yourself a sizable amount of money in the long run.
Opt for a higher deductible or excess:
If you request a higher deductible then you will benefit from much lower premiums. You should keep in mind that your deductible still needs to be affordable though because you need to be able to pay this excess when you need to make a claim.
Increase your home security:
If you take preventative measures and decrease your risk by increasing your homes security, you will benefit from cheaper insurance costs. You should look at physical security such as burglar bars and security gates as well as alarm systems.
Do not make a claim unless it is absolutely necessary:
Many insurance company’s offer their clients a much better deal if they have not made any claims for an extended period of time. No-claims discounts are particularly valuable and can save you quite a bit of money in the long run. Only claim when it is absolutely necessary and you should rather choose to cover the expense of minor repairs yourself.
Prevention is better than cure:
Take all possible steps to ensure that your home is well maintained and looked after. This would ensure that you do not need to make any claims in the future unless they truly are completely unavoidable. Increasing your home security, hiring a house sitter when you are away and insulating your water pipes are all excellent tips and will help to prevent or minimize future losses.
