Are you paying more on your policies than you should? It isn’t to say that your insurer is cheating you, but as a South African penny pincher, we are all looking for ways to save wherever we can. Saving on your policies is as easy as these steps below;

1. Do Your Research

Insurance companies will offer different coverage and even though the fine print is basically the same, there are insurers that will offer something you need that others do not offer. This means you need to ask a lot of questions and you will need to make sure you fully understand what each company offers.

2. Compare Costs

Compile the companies that have what you are looking for and start to compare the costs, considering everything that is included and everything that’s not. Understanding the related costs can save you from confusion later when you have decided on an insurer.

3. Keep all your policies at the same insurer

Choosing to have one insurer for your car, house and other belongings could work out a lot cheaper, as some insurers offer discount to this effect.

4. High Deductibles = Lower Premiums

If you are willing to pay a higher deductible in the case you have to claim, then the likelihood of your premiums coming down is quite high. Make sure that the insurer you choose has this option available to you.

5. Stay abreast with changes

Whenever you receive anything from your insurer that indicates a change in their fine print or other rules, make sure you fully understand how it can affect you. Make sure that your policies do not change drastically without your consent.

6. Take care of your possessions

This goes without saying. The better you look after your items, the longer they will last. They longer you have possession of them, the less you need to claim and if you hardly need to claim, then your premiums will stay low.

7. Try to keep a good credit history

If you look good on paper, then insurers will be more inclined to offer you reduced rates or added benefits and features.

In order to save on your insurance policies, you need to put a bit of effort in. But in the long run it will be well worth it. KIB offers various different insurance packages and we are confident that we can offer you the best solutions for your needs while trying to save you money. Contact KIB today for a comprehensive quote or to speak to one of our very knowledgeable insurers.