Two Simple Guarantees To Making More Money Than You Can Stand

The secret to making more money than you can stand is to provide solutions that people will always need. Don't just focus on selling products or services - sell solutions and you'll never be broke again for the rest of your life.

In over 7 years of research and testing I've discovered the two simple secrets to making more money than you can stand. If you'll follow this simple road map you'll experience more profits than you ever imagined possible. I only ask that after the money starts rolling in you write and tell me of your experience. That's it! Now here are the two simple secrets. If you have a product or service and you want to convince someone to buy ...

1. Highlight Time Savings!

Choose a product or service that saves people time. The reason we buy the latest cell phone, instant soup, or microwave oven is they save us time. Right?

Think about it, can you ever recall buying a product or service because it wasted your time? No way! Yes, most of the products and services we buy we purchased because it saved us time in some way.

Think back to the last three products or services you purchased and chances are you bought them because they saved you time directly or indirectly. For example, you bought that cheeseburger and fries instead of cooking it yourself because it saved you time. You bought groceries at the supermarket instead of taking the time to grow them yourself. And you buy clothes because it saves you time from having to sew them.

Yes, it's hard to believe just a few generations ago most people grew their own food and made their own clothes. So, anything you can do to help your customers save time by using your product or service is sure to strike a positive cord in them.

Let me tell you a secret. This time-saving solution is so powerful I've bought an inferior product at a higher price. Why? Because at the time it would have cost me too much time to try to find another similar product. We've all been in that position, where you have so much to do - but so little time. Right?

Always be sure to stress a time-saving element to your customers. Because saving time is the one thing most people are willing to trade their money for. Why? Because there's only so much of it available. 24 hours each day and no more. The product or service is only secondary to sales. When you think about it time-savings is what people are buying, directly or indirectly.

Yes, every time we spend our money we're looking to save time. It takes most people time to earn their money, so the things we always see as a valuable trade-off for our money is anything that saves us time. Money and profits are attracted to people who help save people's time.

2. Highlight Irritation Elimination!

Let's face it, no one likes irritations. We avoid it, we delay it, and we even try to ignore anything that causes it. We'll even pay thousands of dollars to people who will help us eliminate it from our lives.

A big part of making more money than you can stand is working to remove little irritations your customers have, through your product or service. What small irritation do your customers see or experience in your business, product, or service? Do you know? Do you care? Have you asked them lately?

A good practice is to secretly shop or do business with your competitors. Now please don't drop your coffee on the floor or shout me down, hear me out first. Secretly shopping at your competitors can be one of the cheapest and most effective market research tools you can use.

While you're shopping at your competitors you should be taking note of any little irritations you experience. The irritations you find in your competitors can be areas you can improve on or remove from your own business, product or service. Not all businesses can remove every irritation. Some just comes with the territory.

So, the next best idea is to give little extras to offset the irritations your customers must put up with. For example, magazines, television, soothing music, a snack machine, or kids play area can also help if your business requires customers to wait.

If you have to ship your product to your customer - give them something to download online while the product is on its way.

Conclusion

If you take the time to take action on these two simple principles you'll find more ideas and solutions coming to you. You'll discover in good times and in lean times these two principles will be in great demand from your customers.

The business or business person who pays attention to them will be the one customers will pay attention to as well. The businesses who ignore these two principles will find more customers ignoring them too. Which will you be?

By Roy Primm

Roy Primm has written hundreds of articles showing thousands how to make money in undiscovered niches. Discover more revealing secrets in free report at http://booklocker.com/books/1015.html

Article Source: http://EzineArticles.com/?expert=Roy_Primm

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5 Ways To Save More Money Each Month

Here are 5 specific ways to save money each month. Below we provide a few suggestions on ways that the average US household could save more money each month. Once you have determined a few realistic ways (which these are) to decrease your spending each month; you will should set a savings goal. This step is essential to building your personal wealth.

We hope that you will review each one carefully and honestly as it could mean the difference between no retirement, and a nice one.

The numbers below are estimates of the monthly savings that the average US Household could save by implementing some of the suggestions below. So, if you make more than the average US household, you could actually be saving MORE than the estimates below. If you make less than the average US household in income, your savings may be less. The average US Household income for 2006 was $48,201.

So, here are the 5 ways to increase your savings each month:

1). Eat out one less time each month (estimated savings - $35/month).

According to a 2005 report by the US Bureau of Labor Statistics, the average US Household spends 5.5% of their money on eating out at restaurants (not groceries). Since the average US household income is $48,201 (before taxes), we estimate that the average household spends nearly $176 each month on eating out! Since everything spent on eating out is discretionary, (meaning it's not necessary spending); this could potentially be a huge area for savings! We don't expect you to never eat out again; however, if you were able to save $176 a month, that's $615,114 in 30 years! We encourage you to be ambitious in this area; however, if you can start with just one less outing each month...that's an extra $35 a month (on average).

2). Bring your lunch to work or school (estimated savings - $20 per month).

It's difficult to determine how much the average US household spends each month on lunches at school or work. However, if you do eat out for lunch during the week, consider the possibilities for savings. At $5 per lunch, that's $25 per week, or $100 per month. If you have children going to school and pay for their lunch; consider making them a homemade lunch. This could certainly be as much as $5 - $10 per week in savings or $20 - $40 each month! Only you will be able to determine how much you can save in your particular situation. Using the numbers listed above, we estimate that the average household will be able to save between $20 - $140 each month by being more frugal during lunch time.

3). Create a shopping list and stick to it when you get groceries, and use coupons (estimated savings - $40 per month).

According to the same US Bureau of Labor Statistics study mentioned above, it is estimated that the average US household spends 7.5% of their after tax money on groceries. Now of course food IS a necessity of life; however, there are ways to be more frugal without missing a meal. By simply being more conscious of what you are spending at the grocery store, you may be able to save a decent amount. The age-old "shopping list" is still a great suggestion. By sticking to your list, you will have less "impulsive" buys and will be able to shop around for deals on the items that you need. In addition, USE COUPONS...its free money! In fact, if you have a Wal-mart nearby, you can price match any competitors coupons. For example, if Albertsons is selling milk for $1.99; simply, go to Wal-mart, pick up the milk, and tell the cashier to "price match" for $1.99...and that's it. This is one of Wal-mart's business strategies, so they encourage you to do this. Whether or not you use Wal-mart isn't the point. Find a way to save on your groceries; plan before you go, stick to your list, and use coupons. The average household that was not doing this already should be able to save about $40 per month by implementing these strategies.

4). Use generic brands.

There is no explanation needed here; just do it! Nobody will know if you bought the cheap Wal-mart milk or the fancy brand! It all comes from the same cow anyway. Think of areas to go generic, you will be surprised how much you could save.

5). Lower your utility bills (estimated savings - $20 per month)

Ask your local utility company how you can lower your energy bills. They will have lots of suggestions such as weatherproofing your home and using window coverings. In addition, if you for every 1 degree you turn down your heat, you will save about 3% on your heating bill each month. (Also, consider using less A/C during the summer months). You can also turn down the temperature on your water heater to 115-120 degrees without any noticeable difference. This will save money as your water heater will use less energy. For the conscious utility user, these steps could easily translate into savings of $20 per month.

Other suggestions:

Don't buy on impulse. If you see something you want; shop around, look online, or wait until its on sale.

Lower your phone bill. You can switch carriers, use less text-messaging or other phone features. Use your debit card instead of your credit card.

Monitor your checking account so you don't bounce checks or pay extra fees. Use only the ATMs of your bank or credit union.

There are literally hundreds of other ways to save money. These 5 simple ways could save you an extra $115 per month. And that is not even scratching the surface!

By Spencer Ray

Take the 30 day Financial Challenge at Keyblast.com This article is a small portion of the 30-day financial challenge. To access lots of free information, tools, and to see what the challenge is all about, visit Keyblast.com.

Spencer has a BA in Finance, an MBA, and is currently a Commercial Banker advising Business owners on Business and Personal financial issues.

Article Source: http://EzineArticles.com/?expert=Spencer_Ray

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Spending Wisely

Would you be surprised to find out that you and your spouse collectively spend $800 per month on fast food and coffee? Most people don't consider $10 per day a lot to spend on themselves. But do the math and figure it out. If you're married, you and your spouse both work, and you both get lattes in the morning and go out for a fast food lunch, then you could be spending a huge chunk of your income on working. If you were home eating a sandwich or brewing your own cup of coffee, you could save a lot of money. One way to curb your thinking is to figure out what you actually pay to work. How much do you spend on gas to get to work? Tack on food and drinks and your daily trip to and from work can add up to a much bigger piece of your paycheck than you would like to see.

Finding ways to save money can seem like you are depriving yourself. Giving up that coffee house latte may make you feel like you're giving up a small but satisfying part of your life. You need to change the way that you think of sacrifices. Sacrifices generally have a payoff. Concentrate on the payoff and enjoy it when it comes. If you and your spouse gave up lattes and fast food for a month, brewed your own coffee and packed your own lunch, they you would spend around $200 per month instead of $800. Track your spending and set a goal. See if you can stretch that dollar to save more money. At the end of the month, if you've saved the amount that you aimed for, then reward yourselves with a special weekend get away or night out. Chances are you won't spend as much on that as you would on weeks and weeks of fast food. Your wallet and your waistline will thank you.

Most importantly, you're training yourself to keep the future in mind. Most people have a very hard time imagining what the future will actually be like. It's even harder to make small moves now that may seem inconsequential at the present, but can make a huge difference in the long run. Small changes can add up to big ones more quickly than you think.

Consider saving a small amount of money. Let's say that you put one dollar aside for your grandchildren. Let's say that you invest that dollar and get 8% compounding interest annually. If you never touch that dollar, then it will grow. After one year, it will only be $1.08. It hardly seems worth it. But after twenty years it will be $4.66. Still not enough? Let's say that you leave it for one hundred years and it grows to $2,200. After 200 years it will grow to $4.8 million dollars. You may not be alive to see it, but your great grandchildren should be taken care of. This is only theoretical, but it helps you look at the big picture. Saving small amounts of money may seem frivolous, but a little at a time can definitely add up over time.

Don't make the mistake of running up your credit cards thinking that it's only a little bit of interest every month. Every one of those dollars that you paid the credit card company could be growing for you. Pay off everything you can as quickly as possible and start saving those dollars. You may find yourself taking out a payday loan or cash advance to make it over small humps, but just avoid anything that takes a lot of time to pay off.

By Bob Guy

About the Author: Bob is an Online Marketing Strategist of paydayone.com, a company that can provide a payday loan or online payday loans to individuals. For more information, please visit http://www.paydayone.com

Article Source: http://EzineArticles.com/?expert=Bob_Guy

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Six Steps To Financial Freedom

Being a member of the International Marketing Group (IMG), I am so blessed to have learned the concepts of financial management at this early stage of my life. I may still be starting out, but at least I've got the fundamentals of financial management correct now.

I've always believed that God wants me to be responsible for my time, treasures and my talents. I have worked hard to manage my time and talents but it is my treasures that I have no idea of managing.

My best friend in high school introduced me to IMG just this year 2007 and I am glad I became a part of the company. My blog schedule for today is on financial management so I want to share with you IMG's 6 steps to Financial Freedom and how it has applied to me:

1.) Increase cash flow

a.) Earn Additional income

b.) Manage expenses

- I have strived to follow the first step by earning both active and passive income through IMG's system. I have also managed to teach part time and at the same time explore the possibilities of earning income online. With regards to the expenses, it is important that I list down all my expenses and work within a budget. That is what I had been doing now for months.

2.) Manage debt

a.) Consolidate Debt

b.) Strive to eliminate debt

- I've managed debt by resorting to lower interest rates. I have availed of balance transfer features. The regular interest charged by credit card companies is 3.5 % per month. But if you avail of balance transfer features by "transferring" your debt to other credit cards then you can avail of 0.99 % interest per month. I have discussed this extensively in my post entitled "Getting out of the credit card debt mess."

3.) Create emergency fund

a.) Save at least six months income

b.) Prepare for emergency expenses

- This is something I have not done yet, but will be planning to do in the months or years to come. Once debt is eliminated I can now start to save at least 6 months income. This is just to ensure that you are liquid enough in case there are some things that must be bought with in cash. This could also be used for emergency expenses.

4.) Ensure proper protection

a.) Protect against loss of income

b.) Protect Family assets

- I have achieved this through availing of insurance. Insurance policies protect loss of income by compensating the person insured and his loved ones if ever the person insured losses the capacity to produce active income because of death or accident. Protecting family assets is also achieved by availing of non-life insurance such as fire insurance etc.

5.) Build long-term asset accumulation

a.) Outpace inflation

b.) Reduce taxation

- This is normally what is known as the "investment" stage. If you are "investing" in something that is less than the inflation rate then you loose in the long run. Always make sure that you are investing above the inflation rate. For some who still does not understand what inflation rate means and how it could affect you I will probably discuss it in a future post. Most experts suggest that if you are in the Philippines you should invest in something that is above 7 % (Even if now the inflation rate is below 2 % +) Currently you cannot put your money in the bank an expect a return of above 7 % since interest for savings is way below 2 % and interest for time deposit accounts is from 3 to 5 %

Clearly, the only way to achieve this is through the stock market, mutual funds investments and other types of investments giving you a return of more than 7 % per annum.

With regards to taxes, remember that the government taxes income, not wealth.

6.) Preserve your estate

a.) Help Reduce estate taxes

b.) Build a family legacy

This is something that I plan to do probably 20 years from now. There are a lot of ways to achieve this. I would probably tackle this in another post since this is a somewhat complicated topic. ]

This is the overview of IMG's financial strategy which I have strived to religiously follow. The steps must be followed sequentially. It is advisable that you should go through them one step at a time. However since I have learned about this just lately, I have managed to invest without first eliminating my debt. I should have eliminated my debt first and investe later. But I believe that it still worked out for my advantage since the year 2005 to 2010 is considered by many experts as "a window of investment opportunities" considering that the stock market is at it's highest and the fundamentals of the Philippine economy are in place. I will discuss more on financial strategies on my future posts.

By Zigfred Rivera Diaz

Zigfred Diaz is Vice president for operations for a group of family owned corporations. He is also a Financial & Real estate broker, lawyer, law professor & writer. He regularly blogs about law, leadership, entrepreneurship, management, financial management, investments, technology, internet marketing, blogging, theology, faith, life and living at http://www.zdiaz.com

Article Source: http://EzineArticles.com/?expert=Zigfred_Rivera_Diaz

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Make Money, Cut Losses - A Practical Approach

Making way for profits has always been difficult task. Whether in jobs or business profit making and cutting down losses is the crust of every activity. Similarly, making profit in the stock world is also quiet tedious. At times there are situations that can lead to treasures at your accounts and some wrong shots can get you on the way of bankruptcy.

However, there are some disciplines that can track profit to your way and cut down your losses. Enlisted are just few words on some of them.

• Thorough analysis: fundamental and technical analysis gets an evaluated assessment to the trader for proper investments. Stock investments do not work on gut instincts and hence there is a need of proper analytical statements. Fundamental analysis is the process of studying the company's management and current position in the market and technical analysis involves a study of charts to identify trends of the targeted company. These analysis helps in deciding upon the investments, thus, reducing the risks of losses.

• Diversification: integration of investments helps diversify losses and profits. The 2% rule is quiet beneficial to countering risk of major losses. This process includes the integration of stock investments to shares of many companies. This avoids the risk of major loss as the money is segregated to different channels. It is advised that not more than 2% of total investment in shares must be invested in one company. That helps maintaining a balanced portfolio and avoids heavy losses.

• Automate your trading: this option is best for the traders who are quiet emotional with their shares. The automated investments set a limit for trader and the stocks are automatically sold on particular prices. This option helps to avoid holding of shares that are going down, in hope of them to again get a hike. Thus, avoiding major losses.

• Stop order technique: this is quiet similar to automated investments. Here also, the limit for each share is directed to the stock broker and he does not retain the share below that price limit. This also helps in avoiding major losses due to holding the shares in hope of rising prices.

• Stock market risk: though concept of risk and managing it is a difficult part of trading but working on it gets loads of future benefits. Defining the perception of risk and its identification can help the trader to make wise decisions, hence, increasing profits in long run.

• Stop holding mediocre performers: if a stock is generating low returns there is no need to hold it for long. Though holding it for a decent time is advisable but after some time when you evaluate it and it maintain to be an under-performer it is advisable to sell it before it under-performs and start incrementing losses.

• Say yes to sell for minor gains: greediness always takes one to loss hence, if a decision is made to sell a particular stock, there should be no delay in the decision. Postponing selling for last fractions of profits may turn out to be costly for any trader.

• Say no to rebound expectation: you are holding a stock and the prices are going down, still holding it expecting the rise in the price in the near future is not recommended. It is beneficial to sell that stock immediately even if that means little losses. This bit of loss may be recovered but steep fall in prices of that holded stock may kick you out of the game. Hence, to avoid high losses, do not look for rebounds in stocks.

By Micheal James

Pricing and Features for Sogoinvest Investment Packages: online investment
Sogoinvest Interest Rates and Fees: trading stock options

Article Source: http://EzineArticles.com/?expert=Micheal_James

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Why Do I Need Insurance When Taking A Mortgage?

Life Insurance

Typically it is the one people don’t like to talk about. It covers the mortgage debt in case the borrower dies or has some inability to earn money. In such cases, the policy covers the payment of the instalments; the lender has a security and doesn’t have to resort to repossession.

It might be a requirement for people of a certain age or weak health. Besides, in the event of the borrower’s death, those next of kin at least have a house to live in, without adding more worry to their existing grief.

Mortgage Insurance

It is similar in result, but not in the cause. This insurance policy covers the payments in case of financial default, loss of a steady job, business failure or any other reason that causes the borrower to stop paying the loan. Obviously it will have to be duly documented, but it is feasible.

There is another variation of this policy, which is required if you are making a down payment of less than 20% of the total value of the house. It covers up to 20% of the appraised value and automatically expires when you reach that amount through the monthly payments.

Title Insurance

More insurance for the lender. This covers the title deed from an unduly sale on the part of the seller, or any other claim or lien that could mean that the house is not rightfully owned by the seller. This is necessary at closing time. You pay a premium which covers the insurance as well as the search in real estate records to establish that the seller is the legal owner of the property.

Property Insurance

This insurance protects you, the new owner of the property and the lender as well. Should the house catch fire, or be affected by landslide, flood or any other disgrace, the property insurance covers the cost of the house, although they will usually pay not more than the mortgage debt.

All Four Are Applicable

They are all applicable but some may not be required from you at the time of closing the mortgage. It goes without saying that the premium of these policies is to be added to the expenses of your loan, so this is important to evaluate at the time of choosing a lender.

Some lenders may not require mortgage insurance, since you have a good, steady job and it will be more convenient for you to save this important cash. However the presence of insurance is never too much, but that will depend on your evaluation alone. We tell you what they mean, you decide.

By Jess Peterson

Jessica Peterson writes finance articles for Yourloanservices.com where she shares her knowledge about how to get money for a starting-up business, consolidating any kind of debt, repairing a home even with a bad credit history and more.

Article Source: http://EzineArticles.com/?expert=Jess_Peterson

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Insurance Claims Adjuster - 3 Reasons to Start Your Career as an Independent Insurance Adjuster

Becoming an insurance adjuster is probably not on most third grader's list of whom they want to be when they grow up. It certainly wasn't on mine. But when reality sets in, as it has a habit of doing, and you find that age 28 you still haven't fulfilled your third-grade destiny as zookeeper or astronaut, its time to look at some alternative career options. As I discovered, through good fortune, insurance claims adjusting happens to be a seldom considered gem of a career move. Working as a claims adjuster, specifically an independent insurance adjuster, has some extremely attractive features that may surprise you. Here are just three:

Benefit 1: Outstanding income potential

If you were told you could make $1,500 a day working as an independent claims adjuster you might reasonably assume that the person who told you this was unwell or trying to sell you something. Those numbers, when stretched over a period of several months, approach salaries of accomplished doctors, attorneys, or business execs. Unbelievable? I would think so. But the reality is this - every year independent claims adjusters make tens of thousands of dollars in very short periods of time working catastrophic insurance claims. After Hurricanes Katrina, Wilma, and Rita hit in 2005, thousands of independent adjusters working the affected regions averaged $300 to $400 per claim they closed. A catastrophic adjuster with basic proficiency should close 2-3 claims per day. That equates to $800 to $1200 daily. An outstanding adjuster can close in excess of 5 claims per day. Career cat adjusters can earn well in excess of $100,000 yearly. Further, many adjusters will make all of that money in only three to six months out of the year. The rest of the time can be spent however they wish.

Be it hurricane, tornado, hail, or earthquake - when the seasons bring inclemency, independent adjusters arrive to help pick up the pieces. They are compensated extremely well for their efforts.

Benefit 2: Relative ease of adjuster certification

Most careers with earnings potential comparable to independent insurance adjusting require 4 to 8 years of college and post graduate study. You can become a certified claims adjuster in 3 days. Online and classroom pre-licensing courses, which are available especially in Texas and Florida, can help you obtain your required certification in less than a week. These courses can be intense, but just about any individual who wants to pass can do so.

Obtaining certification obviously doesn't mean automatic employment or even that you are actually qualified to do the job. Further training is recommended to supplement deficiencies in your professional profile. A sound claims adjuster must posses strong people skills, above average computer proficiency, and some construction and insurance policy related knowledge. That said, many hiring companies, especially in catastrophic scenarios, will greatly assist their adjusters in obtaining the proper job training.

Becoming a doctor takes 8 to 12 years out of high school. You can become a licensed, trained, and mobile claims adjuster ready to begin your career in under a month.

Benefit 3: Be your own boss

Working as an independent adjuster means just that - working independently. Claims adjusting is not a 9 to 5 office job where you punch a time card. You are giving a set of claims, usually electronically, and are expected to author the claims handling procedure yourself from start to finish. This means your time, space, and resources are your own. You determine just how good you are - not your boss. You determine how long of a day you will work - not your boss. And you decide ultimately how much money you will make. This is a liberating and empowering feeling.

There is a mistaken notion that any career associated with insurance is inherently dry and uninteresting and tangled in convoluted policies and unsavory business tactics. Claims adjusting proves this false. Imagine the prospect of navigating through disaster-stricken neighborhoods in an effort to help people get their lives and homes back together. Imagine the sincere gratitude and respect with which most claimants greet you as you take on their claim. And when you consider that you are not really the strong arm of Big Insurance but the firm hand picking up those who are down, its evident that claims adjusting isn't your typical insurance gig.

The bottom line is that you can make a fantastic living helping people put their lives back together and without your boss looking over your shoulder.

You may not have had a career as an insurance adjuster on your list of who you wanted to be when you grew up, but you probably did have something that was adventurous and helped people. It may come as a surprise but insurance claims adjusting offers just that, and the added opportunity to make an outstanding income while doing so!

By Dan Kerr

Daniel Kerr has served as a career and training consultant for thousands of experienced and aspiring professionals in the insurance claims adjuster industry. In addition to his work as a catastrophic claims adjuster, Daniel acted as the V.P. of Operations for one of the most successful adjuster licensing companies in the country - helping to grow the business into the most recognized brand in the industry.

Mr. Kerr currently co-owns and operates AdjusterPro, a rapidly growing business dedicated to providing the finest resources available to aspiring claims adjusters. AdjusterPro is a certified educational provider for the Texas Department of Insurance and will be offering adjuster licensing, software training, and continuing education courses this fall. For free career consultation or to find out more about how to become an insurance adjuster, call AdjusterPro directly at 214-606-8370.

Article Source: http://EzineArticles.com/?expert=Dan_Kerr

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Would You Benefit From Taking Out Mortgage Cover?

As your monthly mortgage repayments are your biggest outgoing each month you would be wise to do everything in your best interests to protect your finances in the future. Providing that your circumstances meet those of a policy then taking out mortgage cover might be your best option to safeguard against the possibility that you might lose your income and subsequently be unable to meet your mortgage repayments.

Mortgage cover - or mortgage payment protection insurance cover as it is also sold under - is taken out by those who have mortgage repayments to keep up and who are in full time work. If you were to come out of work and lose your income then you are at risk of losing your home if you cannot continue to meet your mortgage repayments.

Providing your circumstances are right for a mortgage insurance policy then this could be your lifeline and give you peace of mind. When taken out correctly mortgage cover can provide you with a monthly income each month, after you have been out of work for at least 30 days and would continue for up to 12 months in the majority of cases although some providers extend this to 24 months.

A specialist provider is always the easiest way to get several quotes so that you can ensure you get the cheapest whilst obtaining a quality product, but you do have to do a little of the work yourself and make sure that the exclusions wont stop you from claiming. Some of the common exclusions include being retired, self-employed, only in part time work or suffering from a pre-existing medical condition.

Some of the most common reasons for people coming off work are also excluded by most mortgage cover insurance polciies such as back problems and problems relating to stress, so always ensure you read the small print before taking out mortgage cover.

By Simon Lance Burgess

Simon Burgess is Managing Director of the award-winning British Insurance, a specialist provider of mortgage cover, loan protection insurance and income protection insurance.

Article Source: http://EzineArticles.com/?expert=Simon_Lance_Burgess

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Save On Insurance With These 11 Tips and Methods

Insurance policies are just like any other product and thus subject to market laws and regulations. Therefore, there are ways of getting better deals on insurance like there are ways to get cheaper computers, condos, cars or any other goods. Following are some tips on how to save money on insurance:

Auto Insurance

1) Insurance Quotes Online: Search for Auto Insurance Quotes Online and compare what the different insurance companies have to offer you in terms of price and coverage.

2) Insurance Department Information: State Insurance Departments usually have a database with the different policies, coverage and average prices. Thus, these departments are another interesting source for information and comparisons.

3) Recommendations from friends and family: Another option for comparisons are friends and family members who own vehicles and have purchased insurance in the past. Asking for recommendations is always a smart idea.

4) Collision and Comprehensive Coverage: These coverage types are important for expensive cars, cheap and old cars do not need them that much, thus you can purchase only liability coverage instead.

5) Raising the deductibles: If you still want to keep collision and comprehensive coverage (property coverage) you can raise the deductibles and thus, you will have to pay a smaller insurance premium.

Life Insurance

6) Life Insurance Types: There are many different types of life insurance. A good way to save money on life insurance is to define your needs and determine the exact policy you need. Term life insurances tend to be less expensive than whole life insurances. Yet, make sure that that is what you need as they provide limited coverage.

7) Hold Policies: It is important that you hold your life insurance policies for long periods of time in order to save on insurance costs. Cancelling insurances too son will make the policies too expensive and thus, a bad deal.

8) Quotes, Quotes, Quotes: Just like with Car insurance, it is advisable to request quotes from different insurance companies so you can compare what they have to offer. The best way to obtain cheap products (even insurance products) is to shop around to find them.

Home Insurance

9) Home Insurance Quotes: Just like with car insurance, if you try to get insurance companies fight for your business you will get a better deal. Get insurance quotes from different companies and contact them to compare prices and coverage to get the lowest premium possible that suits your needs.

10) Proper Coverage: Analyze the policy and see whether it includes coverage for what you need. It is better to obtain a policy covering the whole costs of rebuilding your property in the event of a fire or flooding than to cover inexpensive things like window glasses or external paint against vandalism. And it is also a lot cheaper.

11) Exchange Policies: Try to purchase your new policy starting on the same month that the old one expires. That way, you will still be protected and avoid paying the equivalent to a month policy in excess. If it is not possible, bear in mind that it is more advisable to overpay than to be unprotected for a month.

By Jess Peterson



Jessica Peterson writes finance articles for Yourloanservices.com where she shares her knowledge about how to get money for a starting-up business, consolidating any kind of debt, repairing a home even with a bad credit history and more.

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