It might be as simple as picking up the phone and asking.
First, it was the car insurance bill. I rang the insurer and in my nicest voice pondered whether there were any discounts that could be applied given I had never asked before – because I worked full time and that task never made it high enough on my to-do list.
I had a nice chat with the person on the end of the phone. She asked a series of questions, including how many kilometres the car was doing on average per year. This elicited the information that my husband was now self-employed and no longer drove to the city every day. Lo and behold, I saved about $100 on the bill with no loss of entitlements.
Not bad for a friendly 10-minute chat.
So earlier this month, the house and contents insurance bill arrived – hard on the heels of the gas, electricity, water and phone bills. Every year I mean to get this bill sent mid-year to ease the pain just before Christmas.
Again, I called the insurer and asked in my friendliest tone: “Is there any way to get this total down a bit?”
Lovely Emily replied: “The house is replacement value, but the value of the contents is increased every year in line with CPI – you may want to look at that.”
Me: “$150,000 – yes please reduce that. Three kids have moved out over the past five years and we have a lot less contents.”
Emily: “And your excess is $100 – you may want to increase that.”
Me: “Yes, please, $300 sounds good.”
The conversation continued until I had wiped $200 off the bill.
My advice to you?
- Shop around to make sure your insurer is still the best option. There are some great websites so you can do this easily.
- Always call your insurers. If your circumstances have changed, discuss whether that has any positive effect on your bills without having a negative effect on your cover.
- Tailor your insurance according to what you need.
- Check the policy details so you know exactly what is covered – and what’s not.
Do you have any tips on how to get the best value from your insurance bills?
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