How to Bag an Insurance Bargain

Let’s face it, life these days isn’t cheap. From rent or mortgage payments to energy bills, transport expenses and food costs, there are lots of drains on our cash. This means that when it comes to selecting insurance, whether for your home, car or anything else, it’s important to bag a bargain. If you think you’ve paid over the odds for your financial cover in the past and want to avoid making the same mistakes again, take a look at these simple but effective money saving tips.

Be savvy in your search

OK, so by the time you’ve finished your work, made dinner and put the kids to bed, you might not fancy spending hours searching for the best insurance deals. The good news is, you don’t have to. As long as you’re savvy, you can scour the market in a matter of moments. For example, by visiting specialist insurance broker websites like Chill.ie, you can get a competitive quote in no time. This approach is much easier and quicker than contacting insurers individually.

On a similar theme, don’t fall into the trap of simply renewing existing policies without seeing if you can get a better deal elsewhere first. Even though sticking with your current provider may save you a little time and hassle, it could end up costing you cold, hard cash.

Take security seriously

Another way to drive your premiums down is to take effective security measures. This will help to ensure that cover providers see you as low-risk. In the case of your vehicle, make sure suitable alarms and immobilisers are fitted. Using off street or garage parking can help too.

When it comes to your home, approved smoke and burglar alarms can earn you a discount. Being part of your local neighborhood watch scheme may also lower your cover costs.

Increase your excess

It’s worth considering increasing your excess too. This is the sum you have to pay to proceed with a claim. Higher excesses can translate into lower premiums. However, bear in mind that if you do need to make a claim, a higher excess will make things more expensive.

Consider paying annually

It might also be wise to pay your premiums annually rather than monthly. Some insurers charge up to 6% more for monthly premiums. That said, certain cover providers allow customers to pay in installments for no extra cost, so it’s worth shopping around for deals that suit.

Cutting your insurance costs may take a little time and effort, but it’s well worth it. Finding the best deals can save you big bucks over time.

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