1˳ You’ll pay lower rates if you opt to pay premiums on your insurance policies yearly and not monthly˳ Although this option is often more convenient, it costs more for some reasons˳ There are transaction charges that are attached to processing a check˳
For twelve payments (that is, your monthly payments) you’ll have a total of twelve transactions˳ You’ll then have to pay a total of twelve transaction charges˳
Apart from this, there are also administrative costs that are incurred on the monthly payment option˳ For example it costs insurance companies millions of dollars annually to send out payment notices˳ These and more are then added to your health insurance rate thereby making it higher than if you paid yearly˳
2˳ Choose a higher deductible and you’ll get a lower rate on any insurance policy˳ For those who don’t understand what a deductible is, it is an amount you must pay before your insurer pays according to your policy’s terms˳ Although you’re advised to choose a very high deductible, make sure it’s an amount that you can easily pay˳
3˳ You might save several hundreds or even a few thousand dollars by just receiving quotes from at least three quotes sites˳ You’ll realize savings if you visit just one quotes site˳
But, you’ll get more by using at least three˳ The simple logic in this is that you’ll obtain a greater number of quotes from many more companies˳ This offers you a broader basis for doing more extensive comparisons thus increasing your chances of realizing more savings˳
Source by https://ezinearticles˳com/?Simple-Steps-That-Will-Lower-Your-Rates-On-Any-Insurance-Policy&id=799582
