10 ways to save on insurance
How to save on the purchase of insurance, which, as we all hope, will not be useful to us at all? There are several ways, knowing about which, you can reduce your costs.
What do we expect from insurance? First of all, for the payment to take place - quickly and without unnecessary problems, to get closer to home, or even better, to have the company representative come to our office or home for all the formalities at a convenient time for us, and of course the price of the service is important, because nothing tangible - tangible, except for the beautiful form of the policy, we get in return. How to save on the purchase of insurance, which, as we all hope, will not be useful to us at all? There are several ways, knowing about which, you can reduce your costs.
1 Having a good insurance history. Keep policies and contracts for all periods of insurance, because the presence of an insurance history, especially the break-even, gives the right to a discount of 3% to 10%, for example, in OSAGO tariffs, the law provides for a break-even ride discount of 5% for the first year of insurance and 10 % for 2 years of insurance without an accident.
2 Franchise application. A deductible is that part of the loss that the insurance company does not pay. When applying for a policy using a franchise, a discount on insurance will range from 5% to 40%. And the larger the amount of the established franchise, the more tangible discount you can get. However, do not rush - you need to carefully weigh everything: you should save on insurance costs this way - because it turns out that with minor losses you will not be able to contact the insurance company for payment, but you will take these costs on yourself. On the other hand, this is very convenient, because with small losses you can avoid a bunch of formalities related to paperwork for an insured event, and deal with the problem yourself, and for a large loss that the family budget can’t cope on its own, ask for help at the insurance company.
3 Installment plan. Many insurance companies offer a discount of 2% to 5% when paying for the entire policy upon conclusion of an insurance contract. It is understandable: after all, there is a risk - the client will ask for an installment plan and will not pay the next installment, the insurance company will lose the expected contribution, and then - all at once! Standard installments - either in two installments of 50% each, or a quarterly installment plan for four equal installments of 25% of the total cost of the policy. Installment allows, if not save, then distribute expenses over time, which is important and sometimes necessary for the family budget. Some insurance companies offer their customers the opportunity to pay installment payments without charging an additional fee, but in this case it is important for the client not to forget to make the next payment on time, otherwise the policy will be canceled by the insurance company.
4 Installation of protective equipment. Additional protection will never hurt, and if the insurance company is confident that you value your property and intend to protect it, you will certainly be given an additional discount. You can only convince the insurance company that you care about your property by taking care of valuable things, for example, installing a modern anti-theft system on your car, buying high-quality winter tires, putting a reliable iron door and video surveillance system in your apartment. When examining the insurance object, the representative of the insurance company will definitely pay attention to these nuances and offer the economical owner a well-deserved discount.
5 Driving experience and age for car insurance. In car insurance, driving experience plays an important role. If among the drivers who will be driving an insured car, all are over 22 years old and have experience driving a car for more than 2 years, you can safely expect that the policy will cost less than for beginners.
6 Risk List Selection. You can highlight the risks that you are especially afraid of and insure them specifically. For example, do not insure a car theft, but protect yourself only from accident. But in this case, the discount will be no more than 20%, and worrying about possible losses will not let you sleep peacefully at night, so this method of saving may not be the most reasonable, because none of us can know for sure what risks threaten our property.
7 Search for a corporate program. If you are an employee of a large company, be sure to ask your administration - for sure, among the long-term partners of your company there is an insurance company that will not only protect the interests of the employing organization, but also offer favorable tariff plans for its employees. And this is not only a profitable way to save money, but also a reasonable approach to choosing an insurance company, because if the insurer has a good relationship with your company, then the employees of the company should not have any problems paying, and in which case you can always complain to the management!
8 Comprehensive Insurance. If you set a goal to reduce insurance costs, but at the same time you need a policy not only for a car, but also a home insurance policy or accident insurance, be faithful to your insurance company and it will reciprocate - a discount for comprehensive insurance and gifts to the regular customer will not keep you waiting! In addition, large companies, in order to maintain long-term friendship with their customers, include them in the newsletter and notify them of seasonal discounts, special promotions and prize draws. You can not only save, but also get nice gifts for yourself and loved ones.
9 Insurance online. Modern technologies could not get past insurance - some large insurance companies have opened online stores on official websites where you can independently study the catalog of insurance products and choose the right policy. A potential client can fill out an online form - provide the information necessary for calculating the tariff, after which the consultant of the insurance company will send a commercial proposal. When ordering a policy through the Internet, the client has the opportunity to save 5-15% of the cost of the policy, depending on the type of insurance, and you can also save time on a trip to the insurer, because usually when ordering insurance via the Internet, the service offers free delivery of the policy to the client's home or office. Keep in mind that you need to prepare in advance the required amount of cash to pay for the policy, since credit cards are usually not accepted by representatives of the insurance company when leaving the client.
10 Getting additional services. Sometimes, at the same cost of an insurance policy in different companies, a client receives completely different lists of services for the same money. Somewhere only basic service, and somewhere a whole range of pleasures. To attract customers, some companies offer additional services to the car insurance policy - the evacuation of damaged cars, the departure of an emergency commissioner at the scene of the accident, discount cards for other types of insurance, discounts on repairs and maintenance at technical partner centers of the insurance company. A lot of customers, especially novice drivers, attach great importance to the emergency commissioner departure service. Undoubtedly, the availability of such a service will give us confidence that in case of trouble, knowledgeable people will help us. Be prepared for the fact that emergency commissioners - like ambulance doctors - have seen a lot and show not too much sympathy, although they always know what to do in a traffic situation and really provide real help. Caring insurers as a temptation to offer a simplified procedure for resolving auto insurance loss, including obtaining certificates from the traffic police for a client, self-driving a car to a technical center, and even sometimes providing a replacement car, which is especially true in winter.
Keep in mind that there are several mythical ways to save on insurance. Such methods will not only not help you keep your property, but they will also exhaust your nerves, so be careful and be sure to take our advice into account.
- Incredible discounts on everything. Unfortunately, there are still unscrupulous insurance companies on the market that can offer policies with a 50% discount - this is similar to selling out policies due to liquidation. But what is good for a boutique retail chain is by no means suitable for the insurance business. You should not use such offers, because in this case, apart from a beautiful policy and promises, you definitely won’t get anything. Be careful when saving on insurance - after all, this is just the case when the avaricious pays twice!
- Discounts for CTP. The insurance company can only provide discounts provided by applicable law, so if you are offered a CTP insurance policy at a noticeably lower price, you should be more careful about such an offer. However, if at the offices of the insurance company you were offered a gift for a policy, do not be afraid of a catch, in order to attract customers, many insurance companies put such expenses into their budget.
- Cheap voluntary health insurance policy. There are clinics where you can only make an appointment with a doctor for a personal visit, there is no telephone dispatcher — you know, this was done in order to reduce the number of visits to the doctor — who will go to the reception desk just to make an appointment, and there’s a chance of getting an appointment the doctor that day is extremely small. Doctors of paid clinics - like masters in technical centers for car repair - will offer various diagnostics that are not related to the nature of the disease, but they will not harm, but you will have to pay money for them, since in most cases a limited list of services is included in the insurance. A medical policy offered as a social package in large companies, as a rule, is only a formality - it does not cover most of the main reasons for going to a doctor. And this is understandable - with extended coverage, the employing company risks losing a valuable employee who regularly leaves the office for a set of free procedures.
- Cheap car insurance against theft and damage. The insurance company may offer a very low rate for car theft insurance, but it may be stipulated in the contract that the insurance indemnity will be paid only if the car is stolen from a guarded parking lot. Obviously, if you look, then such a policy is unlikely to protect your interests. The reason for the cheapness of the car insurance policy against damage may be the condition of car repair in the garage service, and even with the installation of old spare parts. For a new luxury car to be serviced by an authorized dealer, such a repair of death is similar. At the same time, the promises of unskilled insurance agents have no legal force and in case of an insured event you will be left face to face with the insidious insurance company, which will certainly use its right to lower the payment, or even refuse to pay compensation.
We hope that our tips will help you choose reliable insurance coverage. Share your life experiences with loved ones to protect them from undue risk!