Bundle insurance. If you roll your homeowner’s, automobile and any liability coverage into a package with the same company, you may save between 5 and 15 percent of what it would cost to purchase separate policies.
Consider dropping collision coverage if you can afford car repairs or replace cars frequently.
If you carpool, have low mileage, or commute by rail and park your car at a station, discounts may be available from your auto insurance company. The same is true for teenage drivers who get good grades.
Nonsmokers, exercisers and people who maintain a healthy weight can enjoy as much as a 50 percent saving on life insurance.
Pay annually, rather than in installments, and you could save as much as 8 percent by avoiding fees.
A homeowner’s reduction of up to 10 percent is often available for people 55-plus because they may spend more time at home and can better monitor and maintain their property.
Think about raising your deductible from $500 to $1,000 to save up to 15 percent on a homeowner’s premium.
Inventory your possessions annually and adjust your coverage. If you gave away expensive jewelry, remove that rider, which typically runs $1.75 to $2 in premiums per $100 in annual coverage.
Long-term policy holders may earn a cut in premiums of as much as 10 percent. But that discount may come after years of increases, so check if you might do better elsewhere.
Security improvements such as an alarm or fire sprinkler system may cut your homeowner’s insurance cost.
Standard amounts of insurance are worth checking out. For example, a $250,000 life insurance policy may have a lower premium than a $200,000 policy simply because the company’s standard policy is $250,000.
Consider ditching a second or third car—along with 33 to 40 percent of your premium.
A safe-driving course may get you auto insurance discounts of up to 10 percent. Washington, D.C., and 36 states mandate discounts for people who take a course, which usually costs between $10 and $30. Ask your agent—restrictions may apply.
Consider dropping collision coverage if you can afford car repairs or replace cars frequently.
If you carpool, have low mileage, or commute by rail and park your car at a station, discounts may be available from your auto insurance company. The same is true for teenage drivers who get good grades.
Nonsmokers, exercisers and people who maintain a healthy weight can enjoy as much as a 50 percent saving on life insurance.
Pay annually, rather than in installments, and you could save as much as 8 percent by avoiding fees.
A homeowner’s reduction of up to 10 percent is often available for people 55-plus because they may spend more time at home and can better monitor and maintain their property.
Think about raising your deductible from $500 to $1,000 to save up to 15 percent on a homeowner’s premium.
Inventory your possessions annually and adjust your coverage. If you gave away expensive jewelry, remove that rider, which typically runs $1.75 to $2 in premiums per $100 in annual coverage.
Long-term policy holders may earn a cut in premiums of as much as 10 percent. But that discount may come after years of increases, so check if you might do better elsewhere.
Security improvements such as an alarm or fire sprinkler system may cut your homeowner’s insurance cost.
Standard amounts of insurance are worth checking out. For example, a $250,000 life insurance policy may have a lower premium than a $200,000 policy simply because the company’s standard policy is $250,000.
Consider ditching a second or third car—along with 33 to 40 percent of your premium.
A safe-driving course may get you auto insurance discounts of up to 10 percent. Washington, D.C., and 36 states mandate discounts for people who take a course, which usually costs between $10 and $30. Ask your agent—restrictions may apply.
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