How to save on insurance

As much as possible, if you can do it, you should take advantage of every opportunity for you to save for insurance. Here are some tips you can follow.

Your home insurance:

- Come to think of it, you could actually save up to several hundred dollars if you bought insurance from a low-cost but licensed insurance company. Compare the prices of the insurance department in your state and get the lowest prices but the most practical companies.

 - Negotiate a lower selling price with a broker who works for you and is not a seller mediator. There may be a conflict of interest if too many people are involved. So negotiate only with brokers.

Your life insurance:

- If you prefer only insurance coverage, and not a savings and life investment policy, you can purchase term life insurance.

- If you want to buy life insurance, then keep it up to 15 years. If you cancel this policy after only two years of having it in your name, it means that the insurance costs are doubled.

- Check the public library on life insurance in your state and find one that matches your personal savings.