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You can save big time on your insurance policies if you take the time to read and implement the right tips. Let’s look at a few things you can do to save yourself a lot of money…

1. Smoke and fire detectors will go a long way in lowering your home’s fire risk. Fix the right numbers of smoke and fire detectors for your size and type of home if you intend to use this to get lower premiums. If you have them, always remember to replace their batteries twice every year.

The reason for this discount is that such detectors make it a lot easier for fires to be spotted before they can cause any damage. And because the risk of fire in a home is a defining factor in working out home insurance premiums, you’ll pay far less by taking this step.

2. Having your premium deducted automatically from your account will result in more affordable rates. If you don’t have an idea on how to do this, ask your banker or agent. Apart from being easier, you’ll be given a discount for this.

3. Do you know that you can get a comparable car that is a lot cheaper to insure? Many folks are losing a lot of their hard-earned dollars simply because they did not ask before they bought their car. As a rule of thumb cars that cost a lot to maintain, have a high theft rate, have lower safety ratings and are super fast (like sports cars) cost a lot more to insure. Therefore, ask when you shop for your next car.

4. If you smoke then you must be ready to pay at least twice what non-smokers pay for life insurance. However, you can quit and reapply after 12 months and see a drop in your rate.

5. According to statistics from a reliable source, more than 3 out of every 10 home liability claims (costing insurers a sum of $1 billion) each year are caused by dog bites. This is the reason for the much more expensive rates that dog owners usually get. However, keeping your dogs in a location where they can do no harm will make you pay less.

6. You will save a lot if you really have between 25-30 minutes. Visit, obtain and compare quotes from various insurance quotes sites. The lowest quote should be what you go for easily. However, you have to look beyond just the cheapest quote to the best price/value. The lowest priced may not be the best price/value for you as a person.