07 November 09 - 07:26Insurance Savings- What you do Matters
Insurance companies are high-risk investors. They are betting that you do not have to make a claim against your policy. There is a great deal that you can do to lower your cost of insurance. Since all insurance is risk based, you can lower your rates by lowering the risks that the company may feel that you have. Here are some tips to lower your insurance rates, no matter what type of insurance. All insurance is affected by your personal risk factors, so by reducing them, you reduce what you may have to pay. Increased Deductibles A deductible is the amount of money that you pay, prior to the insurance agency having to cover your claim. The higher the amount of the deductible the lower the policy will cost. When you increase the deductible amount, you are making yourself responsible for more. Insurance companies see this in two different ways. Financially they are not responsible for as much money, because you are taking on more of the responsibility. ... (more)
