Insurance is a damned product for many families because there is a huge distrust in this contractual relationship. However, having an insurance portfolio suited to your needs is halfway to having a more secure financial life. In this article we give you the main lights so that you can save money with your insurance.
Analyze your needs
More than knowing the insurance you currently have, it is important to know your real needs. What risks do you want to see covered? There are several mandatory insurances such as life insurance, home loans or auto liability insurance, but others that are optional. What risks do you want to cover?
Contact your insurance agent
The next step is to contact your insurance agent and ask for help to find the best alternatives for the risks you want to cover. This mediator will be able to clarify your doubts and help you negotiate the best conditions as well as avoid unnecessary duplication.
Trade the wallet
It has business advantages in negotiating its portfolio en bloc, because there are cross-selling discounts and other commercial discounts that can be applied if you contract more than one policy at the same company. At Reorganiza, for example, we sometimes issue insurances with a lower value to enhance a greater discount on a more expensive policy and thereby provide good levels of savings in our clients' portfolios.
Find specialist insurers
Insurance companies are not all the same. One is more specialized in life insurance while others focus on non-life insurance, such as the automobile. The advantage of specialist companies is that they are able to charge lower premiums while giving them a higher degree of coverage. Thus, it increases your financial security while saving money.
Lose the shame of negotiating
We should lose the shame of negotiating assuming that despite not always being guaranteed, if we have the yes, we will have an interesting savings. In many countries, negotiators are valued but in others, such as Portugal, we still find it bad to ask for discounts. Another advantage of the mediators is that they get these discounts and negotiate for you.
After deciding to switch insurance companies, it must be consistent to be able to appropriate the savings. Change insurance as soon as possible and use the money for whatever you feel like.
It is possible to save money on insurance, but for that we have to want and follow some steps. To save time and not to be bothered by bureaucracies, turn to experienced professionals. Then, offer yourself a gift with the savings achieved.