6 Ways To Save On Insurance

AAA

Insurance allows consumers and businesses the ability to protect themselves and their possessions from the risk of loss. For a seemingly low annual payment, an insurance company will issue a policy on nearly any type of asset or item (or individual in the case of health insurance) and pool that risk of loss along with other policies it issues and collects premiums on.

The concept is simple, but there is a dizzying array of options to consider when taking out an insurance policy. And though the annual payment is usually a fraction of the cost to replace the item being insured, there are wide differences in the premiums across insurance providers. Below are six common sense and rather straightforward ways to save on any insurance.

Related Articles
  1. Wealth Management

    How Linked Benefit Insurance Policies Work

    Linked benefit policies can be a viable alternative to traditional long-term care insurance. Here's how they work.
  2. Insurance

    Should You Buy Critical Illness Insurance?

    This type of insurance adds an extra layer of protection for those with a high-deductible health plan, but the coverage tends to be limited.
  3. General

    Why Retirement Planning Should Start at Birth

    We’re all told in some way that retirement savings goes hand in hand with our first job. But what if you could start saving earlier than the day you deposit your first paycheck?
  4. Home & Auto

    How to Get Rid of Private Mortgage Insurance

    Private mortgage insurance benefits the lender (the sole beneficiary of PMI), but it can add a sizable chunk to your monthly house payment.
  5. Insurance

    Health Care Premiums Rise Faster Than Wages in Recent Years

    Discover why the Affordable Care Act is not fulfilling its intended purpose of lowering health care costs and how Americans are responding.
  6. Savings

    The $1M Question: What to Do With a Windfall?

    If you're on the receiving end of a $1M windfall, what would you do with it? Here's what a survey found; the results may surprise you.
  7. Insurance

    Pros And Cons Of A Health Savings Account

    A health savings account offers a way to save while paying for healthcare expenses.
  8. Insurance

    Yes, You Can Still Expect Health Insurance at Work

    A recent report from The New York Times says that health plans offered by employers are here to stay, despite the passage of the Affordable Care Act.
  9. Personal Finance

    Should You Buy A Life Insurance Disability Rider?

    Does it make sense to pay an additional cost for a waiver of premium rider on a life insurance policy?
  10. Insurance

    Do You Need Short-Term Health Insurance?

    Yes, if you've no other coverage options. Here’s what you need to know about how it works and how it differs from employer-provided and marketplace plans.

You May Also Like

Trading Center