The article presents five suggestions from Gregory Downs of the NI group about how firms can reduce business insurance premiums. Downs advises companies to use correct classification codes, perform a pre-audit...
The simplest way to lower your home insurance premium may be to increase your deductible. If you accept more risk before the insurance company takes responsibility, you could lower your monthly premiums immediately — potentially by a healthy amount. Deductibles of $500 or $1,000 are considered ...
Combining your home and auto policies to one insurance carrier is one of the easiest ways to lower your insurance rate. Regardless of whether you own or rent your home, you can bundle it with your auto policy to save. In addition to a discount, you'll save time when you only have one...
Your auto insurance premiums are heavily influenced by thecaryou drive. When determining premiums, insurance companies take into account the vehicle’s make, model, year, and safety equipment. Costlier to fix or replace, insurance premiums for sports cars and luxury automobiles reflect this reality....
Typically, the higher your deductible, the lower your insurance premiums. Boosting your premium by $500 to $1,000 could save you as much as 25% on your premiums,according to the Insurance Information Institute. When choosing your premium amount, consider the cost of repairs or other issues th...
Insurers often use acredit-based insurance score to help price premiums, except in states where the use of credit to calculate rates is banned. That said, in most states, those with excellent credit usually receive cheaper auto insurance. ...
You might find that you have more coverage than you need, for example, or you might be able to work out better terms with your insurers. Perhaps you drive less than when you first obtained auto insurance, in which case you might be eligible for lower premiums. Or maybe there's an oppor...
is calculated using either a simplified or regular method to reduce taxable income if a portion of a home is used as dedicated office space. The self-employed can also deduct a portion of theirself-employment taxand the cost of health insurance, among other expenses, to lower taxable income....
But you also might be able to shop around and find better rates on things likeinsurance premiums– or even negotiate with utility companies for a better price. “Review policies to make sure you are getting any discounts for which you’re eligible, Enright says. "Check auto insura...
Before you dive into any of the savings tips, it’s essential to understand your current financial habits. Consider tracking your expenses for a period of 30 days to evaluate yourfixed and variable costs. Fixed costs are defined as expenses such as rent, insurance premiums and car payments tha...