ArtsAutosBooksBusinessEducationEntertainmentFamilyFashionFoodGamesGenderHealthHolidaysHomeHubPagesPersonal FinancePetsPoliticsReligionSportsTechnologyTravel

4 Easy Ways To Cut Insurance Costs

Updated on April 16, 2014

It's a tough task to get excited about the thought of obtaining the necessary insurances we need to protect various aspects of our lives, as we ponder the seemingly countless hours that will be spent in search of the best available deal with the lowest premiums. It has become a common and popular tactic in recent years to simply "bundle" all of your personal insurance needs regardless of the type with one insurance company in the hopes of gaining the maximum advantage. While this works to some extent there are 4 easy ways to cut insurance costs that take the bundling aspect a bit further and can really save a consumer significant money.

The first of these is to explore in great detail the availability of discounts on all types of insurance made by the various insurance vendors. Discounts can be presented for a ton of specific aspects of your personal lifestyle ranging from union and civic association memberships to your age and sex, your intake of alcohol and tobacco, how many miles you drive daily (or how few), and dozens more. Don't minimize the importance of these in reducing your overall insurance costs - a 10 percent discount for a person that requires 6 different types of insurance can add up to several thousand dollars per year in lower premiums.

Home insurance is also one of the best areas to cut insurance costs but only if the consumer in question assumes a proactive posture. A few hundred dollars spent on home upgrades to safety and security can save thousands of dollars over the course of a decade or so if you select an insurance company that recognizes and rewards due diligence.

Health insurance is easily one of the most expensive and most necessary of all insurances, but too often consumers falsely believe every member of the household have to be included on one policy. This is a huge mistake! Hypothetically, assume that one family member has a chronic condition. In most scenarios the extra cost for that individual is absorbed into the overall premium and divided by the number of people named on the policy. In this instance there is no exact way to truthfully determine what the insurance for the chronically ill person costs other than what you are fed by the insurance company. Seek out individual policy quotes from numerous companies for a chronically ill person and you may discover there are some nice savings to be found.

The last of the 4 easy ways to cut insurance costs is to examine car insurance from a different perspective. Most of us actually shop for car insurance backwards - first we purchase an automobile and then we search for the least expensive policy with the best coverage. Buying a new car and obtaining insurance on it should be blended together and approached at the exact same point in time, because one decision can influence the other. Assume there are two separate car models that you like about the same amount and each has the same sticker price. The car insurance premiums for car A may be $100 a month less than car B, thereby saving $7,200 in insurance costs over the course of a 72 month purchase agreement.

Are you satisfied with the amount you spend on various types of insurance?

See results


    0 of 8192 characters used
    Post Comment

    No comments yet.


    This website uses cookies

    As a user in the EEA, your approval is needed on a few things. To provide a better website experience, uses cookies (and other similar technologies) and may collect, process, and share personal data. Please choose which areas of our service you consent to our doing so.

    For more information on managing or withdrawing consents and how we handle data, visit our Privacy Policy at:

    Show Details
    HubPages Device IDThis is used to identify particular browsers or devices when the access the service, and is used for security reasons.
    LoginThis is necessary to sign in to the HubPages Service.
    Google RecaptchaThis is used to prevent bots and spam. (Privacy Policy)
    AkismetThis is used to detect comment spam. (Privacy Policy)
    HubPages Google AnalyticsThis is used to provide data on traffic to our website, all personally identifyable data is anonymized. (Privacy Policy)
    HubPages Traffic PixelThis is used to collect data on traffic to articles and other pages on our site. Unless you are signed in to a HubPages account, all personally identifiable information is anonymized.
    Amazon Web ServicesThis is a cloud services platform that we used to host our service. (Privacy Policy)
    CloudflareThis is a cloud CDN service that we use to efficiently deliver files required for our service to operate such as javascript, cascading style sheets, images, and videos. (Privacy Policy)
    Google Hosted LibrariesJavascript software libraries such as jQuery are loaded at endpoints on the or domains, for performance and efficiency reasons. (Privacy Policy)
    Google Custom SearchThis is feature allows you to search the site. (Privacy Policy)
    Google MapsSome articles have Google Maps embedded in them. (Privacy Policy)
    Google ChartsThis is used to display charts and graphs on articles and the author center. (Privacy Policy)
    Google AdSense Host APIThis service allows you to sign up for or associate a Google AdSense account with HubPages, so that you can earn money from ads on your articles. No data is shared unless you engage with this feature. (Privacy Policy)
    Google YouTubeSome articles have YouTube videos embedded in them. (Privacy Policy)
    VimeoSome articles have Vimeo videos embedded in them. (Privacy Policy)
    PaypalThis is used for a registered author who enrolls in the HubPages Earnings program and requests to be paid via PayPal. No data is shared with Paypal unless you engage with this feature. (Privacy Policy)
    Facebook LoginYou can use this to streamline signing up for, or signing in to your Hubpages account. No data is shared with Facebook unless you engage with this feature. (Privacy Policy)
    MavenThis supports the Maven widget and search functionality. (Privacy Policy)
    Google AdSenseThis is an ad network. (Privacy Policy)
    Google DoubleClickGoogle provides ad serving technology and runs an ad network. (Privacy Policy)
    Index ExchangeThis is an ad network. (Privacy Policy)
    SovrnThis is an ad network. (Privacy Policy)
    Facebook AdsThis is an ad network. (Privacy Policy)
    Amazon Unified Ad MarketplaceThis is an ad network. (Privacy Policy)
    AppNexusThis is an ad network. (Privacy Policy)
    OpenxThis is an ad network. (Privacy Policy)
    Rubicon ProjectThis is an ad network. (Privacy Policy)
    TripleLiftThis is an ad network. (Privacy Policy)
    Say MediaWe partner with Say Media to deliver ad campaigns on our sites. (Privacy Policy)
    Remarketing PixelsWe may use remarketing pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to advertise the HubPages Service to people that have visited our sites.
    Conversion Tracking PixelsWe may use conversion tracking pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to identify when an advertisement has successfully resulted in the desired action, such as signing up for the HubPages Service or publishing an article on the HubPages Service.
    Author Google AnalyticsThis is used to provide traffic data and reports to the authors of articles on the HubPages Service. (Privacy Policy)
    ComscoreComScore is a media measurement and analytics company providing marketing data and analytics to enterprises, media and advertising agencies, and publishers. Non-consent will result in ComScore only processing obfuscated personal data. (Privacy Policy)
    Amazon Tracking PixelSome articles display amazon products as part of the Amazon Affiliate program, this pixel provides traffic statistics for those products (Privacy Policy)