Monthly Archives: August 2019

Tips For Your Car Insurance

Motor insurance is one of the fixed expenses that most families have to face at least once a year, when such a charge is not split up over the year. Unfortunately not all families have the sensitivity to analyze the cost of auto insurance and research the market for better opportunities to save money on auto insurance.

It is not understandable how such a charge can be overlooked by most car insurance customers, completely forgetting the potential savings present in car insurance. Fortunately the internet nowadays allows a generalized access to insurance simulators, and most insurers have been simplifying their simulators to satisfy a wider range of potential clients.

Market research

Market research

There are no gains without work and if the internet facilitates part of the work, the field work continues to have good indicators of savings. Ask for several simulations for your car insurance does not cost you any money, other than the search. This simple market prospecting can represent a saving of a few euros. If you think about it, € 5 a month represents € 60 a year…

Negotiate your Insurance Portfolio

Negotiate your Insurance Portfolio

All insurers are in the market to maximize their profits and period. Auto insurance is still a relatively profitable product for insurers, however, the vast majority of other insurances are much more appealing because of reduced claims and consequent attractive profitability.

If you play by insurance, you must have more than one insurance policy, such as for example, home insurance, personal accident insurance, life insurance, among others. Trading changes tone whenever a customer presents himself with an insurance portfolio and wants the best price for the overall portfolio where auto insurance is included. So, negotiate insurance portfolios and look for the best premium for all insurance. Whoever offers the best prize, will have the all insurance.

Do not Exaggerate in Coverages

Do not Exaggerate in Coverages

There are essential toppings, but there are others that do not have great applicability. If, by chance, you do not want your own damage insurance, the well-known insurance against all risks, then, evaluate the coverage of your car insurance. As a general rule, liability cover, driver and occupants and, in some cases, glass breakage is sufficient. Analyze your coverages.

Search for Additional Advantages

Search for Additional Advantages

Insurers have been making car insurance more attractive to the market by adding other benefits and benefits to everyone who chooses to take insurance from them. This procedure is a reflection of the rigidity of prices, that is, the premiums in the various insurers are similar which is not attractive for the insurance client to switch insurer. Thus, they created benefits so that the benefit was the attraction and not the price of insurance.

The truth is that many of these benefits represent money that can be assimilated as savings in car insurance premium. As you can see, this insurance, although mandatory, is no longer as competitive as it was previously with insurers. However, it is always worth looking for better opportunities and saving money on this demand.

The important thing is not to forget that insurance is to evaluate, year after year, always looking for the best prices and not to be forgotten as it is very usual to happen. If you liked this article why not subscribe to our newsletter to be privy to our tricks and tips? Sign up for our free online personal finance course (left box) and start saving money!

Life Insurance Mortgage

Have you made a mortgage loan in the past and do you consider that you are paying too much for the life insurance associated with it? Would you like to save money on insurance and not know what to do? In this article we will talk to you about the housing credit life insurance and show that it is possible to save a lot of money here.


Do You Know How Much You Pay For Your Life Insurance?

Many people have hired their housing credit only keeping in mind the spread practiced by the bank. Maybe they traded to lower the spread. But they will most likely ignore the other costs that in the meantime would be “hidden”. Excessive commissions and insurance premiums. Fortunately, the state has forced banks to publish the rate that incorporates all these costs (APR), a rate that allows comparing different alternatives in their overall.

Taking only the housing credit spread into account, banks will very likely take advantage to charge excessive premiums for the life insurance premium. And keep in mind that this premium will increase over time as you grow older. We know too many people who pay more for life insurance than for the provision of credit. Makes sense?


Banks Can not Rise Their Spread

The fear of many households in changing contracted products to reduce the spread of housing credit is closely related to the possibility of increasing the spread associated with credit (which for old contracts is very close to zero).

Today it is possible to withdraw products from your contract without having a loss in the spread. Even with losses, the monthly savings would often offset the rise in the financial cost. It’s all a matter of accounts. Here’s how you can save money on the life insurance of your housing credit.


Saving Money When Changing Homeowner’s Life Insurance

We suggest our readers to make a brief simulation of the new housing credit insurance premium. For rapid simulation, the following information is sufficient:

  • Total amount owed;
  • Age of credit proponents;
  • Final term of the contract.

You can save more than 50% on life insurance. I did this exercise twice in the last 3 years and achieved in the first a saving of 24% and in the second of 47%. In practice, I had a 60% reduction in my life insurance premium (went from € 17 to € 13 and then to € 7). Worth it. Imagine now that he was a little older and that the prize was € 70 … we would be talking about a saving of € 49 per month or € 588 per year. Worth it?