Life can be expensive at times. After paying your rent or mortgage and buying food, you might not have much cash left. It can be tempting to cut costs by canceling insurance premiums, but this might actually cost you more in the long run. Imagine how much debt you will be in if you total your car or need extensive medical treatments. You don”t have to live without insurance. There are many ways to save money on your monthly premiums and get cheap insurance.

WATCH YOUR WEIGHT
Obesity has been linked to several different health problems, including diabetes and high blood pressure. These chronic conditions often require lifelong treatment plans and can be rather costly for insurance companies. If you are overweight, consider starting a diet or exercise plan a few months before you plan on applying for health or life insurance.

KEEP YOUR CREDIT SCORE HIGH
A high credit score isn”t just important for credit card and loan approvals. Many car insurance companies run a credit check on new applicants. Expect to pay a bit more for your monthly premium if your credit is bad.

COMBINE POLICIES
Bundling your policies makes life a lot easier, but did you know that it can also save you money? Find out which insurance companies offer combined plans. You might be able to get your health, life and auto insurance from the same company at a discounted rate.

AVOID COVERAGE GAPS
Gaps in coverage are very bad when it comes to insurance. Some health insurance companies refuse to insure applicants who have been uninsured for an extended period of time. This time frame is typically anywhere from 60 days to six months. Many car insurance companies are the same way. Be prepared to explain any coverage gaps when you apply for new insurance.

COMPARE PRICES ONLINE
An insurance company can brag that it offers the lowest prices, but how do you know if that statement is true? Make a list of all the companies that interest you and then compare them online. Some websites offer price and benefit comparison tools that make it easy to quickly and accurately compare different companies.

ASK FOR DISCOUNTS
Depending on your situation, insurance might be something you want rather than need. Some insurance companies know this and don”t want to miss a chance to make a profit. Ask your insurance agent if any discounts or specials are available. If you received a cheaper price quote from another company, mention this to the rep or agent. You might be surprised by how many of them offer to match the lower price.

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