Everyone needs at least a few forms of insurance. Health insurance, for example, is mandatory. So is car insurance if you intend on getting behind the wheel. Generally, home or renters insurance is all but mandatory too. However, just because you must have them doesn’t mean they’re going to be cheap. In fact, it’s this demand that often means insurance companies can enjoy pretty good markups at your expense. Fortunately, there are some ways to fight back. If you want the best health insurance rates in Florida, the following will help.
Become an Ideal Candidate
Usually, companies like to sell products that cost the most, right? Those items come with bigger markups which make for bigger profits. That’s not always the case, though, with health insurance. Usually more expensive policies are reserved for individuals who are riskier and thus more likely to need the coverage.
So you can get lower rates by becoming a less risky candidate. Lose weight, quit smoking and join a gym if you want health insurance. Build your home or only buy houses that are risk-adverse. You can lower your car insurance by being a conscientious driver who keeps their record clean and even attending some classes.
Most insurance companies will be happy to explain to you what you can do to secure a lower rate by adjusting your risk factors.
Know What Kind of Coverage You Need
One thing that is similar between traditional businesses and insurance agencies is that they’ll both essentially sell you whatever you’re willing to pay for. So you could be paying for coverage that has absolutely no purpose in your life or at least covers such rare scenarios as to be unnecessary.
Make sure that insurance agencies spell out every last detail of any policy they recommend. This includes telling you why it’s something they think you need.
Shop Around and Get Quotes
Getting lower insurance rates in Florida requires some legwork in terms of shopping around. The Internet makes this much easier of course, but you usually won’t find specific prices advertised because they’re unique by the individual.
So, instead, contact these companies and get quotes. That way, you’ll know exactly what they charge. Then use these quotes when talking to health insurance companies. Ask why one agency is charging you so much less, etc. and see if carriers will bring their prices down.
Stick with One Carrier
When possible, you want to get all your policies from the same agency. Many of the larger ones offer everything home insurance to life insurance to anything in between (health insurance tends to be the exception).
By bundling your coverage like this, you’ll have a much more convenient time dealing with insurance issues. However, bundling also tends to come with a lot of savings too.
Insurance is an important part of anyone’s life and our society as a whole. But it also gets a bad name for how much it can cost. So when you’re in the market for coverage, consider the above advice to get what you need at a price you can afford.