Auto Insurance

Multiple quotes- Insurance companies rate your auto insurance by zip codes. The number of clams an insurance company has had in your zip code will determine how much you will be charged. That is why it's so important for you to get multiple insurance quotes.

Age and value of car- A good rule of thumb to use is if your car is ten years or older or worth less then $10,000, and your insurance quote is $1000 or more per every six months, you may want to consider removing collision and comprehensive coverage to lower your auto insurance expenditures. If you take collision and comprehensive off your auto insurance policy you should save big.

Low mileage-Did you know that if you work at home or car pool to work - both of which limit the number of miles you put on your vehicle - you may be eligible for a low mileage discount on your car insurance policy?

Alarm System- Having an alarm system on your car may help lower your car insurance. Only customers that carry comprehensive coverage on their vehicles can take advantage of this discount.

Home Insurance

Multiple quotes- Insurance companies rate your home insurance by zip codes. The number of clams an insurance company has had in your zip code will determine how much you will be charged. That is why it's so important for you to get multiple insurance quotes.

Alarm system- Most insurance companies won't tell you because they don't want to lose money but by having an alarm system on your home can usually save you more money on home insurance than the monthly monitoring cost.

Higher deductibles- Many times changing the deductible on your home insurance from $500 to $1000 can often save you as much as $500 a year or more depending on the cost of your home insurance.

Multiple policies- You usually get lower insurance prices when you buy multiple policies such as auto and home with the same insurer.

Life insurance

Buy when you're young- Many people may feel they don't need life insurance when they are young. You may have fewer financial expenditures at a younger age and the rates are also substantially less expensive. The best advice is to purchase as much life insurance protection as you can at a young age while your health and prices are still good.

Check for price breaks- Life insurance companies often offer "price breaks" at certain coverage amounts (e.g., $250,000 vs. $225,000). The truth is that many people can actually pay less money for more coverage. Check how little your prices increase when you increase coverage to $250,000, $500,000, or $1,000,000. Check out your payment/billing options- Many life insurance companies offer discounts to consumers who pay their premiums annually, or who pay monthly by electronic funds transfer (EFT).

Health insurance

Compare quotes and benefits from multiple companies- You wouldn't buy a car without first familiarizing yourself with the different makes and models available. Similarly, when shopping health insurance coverage, don't limit yourself to the offering of a single insurance company.

Consider a high-deductible plan- If your family is healthy and doesn't make frequent visits to the doctor, this may be a good option for you. You can save money and still retain valuable coverage for your family. Although you will be responsible for paying higher deductibles prior to your coverage kicking in your family will be protected from the catastrophic consequences of having no coverage in the event of serious illness or injury.

Take advantage of available tax incentives- Educate yourself on the tax benefits available to you as a business owner when you provide group health insurance for your employees. You may be able to fully deduct the premiums and offer coverage as part of a total compensation package and may help reduce your payroll tax.

Consider buying prescription drugs online- You can usually purchase your prescription drugs online for considerably less than at your neighborhood pharmacy.