Car insurance and life insurance buying strategies

Reduce your insurance costs by 10% and save $87,822

Financially astute achievers recognize that insurance is a competitive industry and comparison shopping will often yield substantial discounts for those that spend the time.

If you consider that the average household probably spends close to $6,000 per year on various types of insurance (car, home, life, mortgage, health, disability, etc), even a small 10% saving can add up to big savings over the course of 30 years.

Assumptions used in example:
The original annual cost of insurance is $6,000 and any cost savings are invested in a tax-deferred account for 30 years at and average return of 9% to estimate the true opportunity cost of higher insurance premiums
 

Insurance is often a forgotten expenditure

People spend a lot of time working in their life to make enough money to pay the bills, but spend little time controlling where they spend money on intangible items and services...like insurance.  Spend wisely and you could save years of your salary earnings!

Purchasing auto insurance online is the easiest (YOU can do it!)

There are many resources, tutorials and online calculators that can help you compare and contrast insurance quotes online in minutes.  

 

How would YOUR life improve if you could save a lot of money?  Take a moment to reflect on how your current financial decisions have worked out.   How would your financial peace of mind improve if you implemented this tip?