Researching Insurance Policies

dimetime · #1 03-13-2011, 05:09 PM

It still amazes me that I hear some of the prices people are paying every single month for this insurance or that insurance.

Some people are just lazy and refuse to do shop around and collect information that is going to save them a great deal of money every month.

I managed to save my other half quite a bit on his auto insurance a few months ago. Because of that his mother asked me to help her with her insurance for the house, car and their medical insurance.

Now this took me a little bit of time because there was a bunch of information to go through. However when I was finished I was able to find insurances that would give her what she wanted and even often more than she needed for less!!! She and her husband now have a couple hundred dollars per month that they didn't have before, all thanks to some time, reading and research!!!

moneysense · #2 03-14-2011, 02:04 PM

I agree that taking ones time to do some research can certainly save you a lot of money on your different insurances.

Sometimes, just putting all of your different insurances with one company will get you a reduction in the cost, plus their insurance may cost less that what you are already paying somewhere else. And this would actually give you a double savings.

So, do take the time to research all of your insurances. You too could have some extra money left over simply by changing the insurance company to another one that will give you the same coverage for less.

dimetime · #3 03-14-2011, 09:41 PM

Either take the time to do it yourself or find someone like me to do it for you,

. It seems that at time I am to nice to people because I end up doing a lot of work for nothing!!

Oh well that is just how it goes I guess.

moneysense · #4 03-15-2011, 03:22 PM

Dimetime, if you are getting really good at researching this type of thing, why not start your own little business.

There are people out there that have no idea how to go about researching insurance companies, prices etc and would be more than happy to pay someone to do the research for them.

Maybe this is an idea you could look into further and if you do start this kind of business, you would have some extra income.

dimetime · #5 03-17-2011, 03:50 PM

That is an interesting idea, though I am not sure that there are enough people right now who care enough to save money yet or not. Though with prices always on the rise it might be a good business to get into.

I will have to give this some thought. It may be a great way to earn some extra income since there are some people unwilling to take the time to read, ask questions and research!

I will have to seriously give this some thought and maybe look into what it would take to get it all started.