Insurance costs are a necessary evil. While we may never be happy to fork over the costs of our monthly insurance premiums on our house or cars, we certainly will jump for joy on the day we may actually need to file an insurance claim and count our blessing the policy is there for us. Insurance rates have certainly grown in the last few years. We can expect the amount to increase as well. But there are ways to get a better deal and reduce the amount of money we have to shell out each month.
Here are some tips to get you started saving on your insurance costs:

Call your insurance agents and negotiate savings on your policy.  Reducing the cost of your insurance policy can result in hundreds of dollars of savings per year.

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Pet insurance could come in handy for the 20 per cent of dog and cat owners who admit they cannot afford to pay if they were hit with a significant bill from the vet, according to Gocompare.com. Research from the comparison website found that 60 per cent of cat and dog owners do not have pet insurance, and if faced with a vet’s bill of £500 or more, their pets might not be able to get the treatment they need. Of those without pet insurance, some would pay for the treatment out of their income or savings, while 15 per cent would use their credit card or take out a loan, getting into debt in order to care for their pets.

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Music fans are putting a potential £1.3billion worth of downloaded tracks at risk by not protecting them with home insurance, research from Sainsbury’s has found. Brits have spent an estimated £1.3billion on downloading music, an average £85 per person, but only 24 per cent of home insurance policies offer cover for this type of purchase. More than a third of the UK adult population owns downloaded music, bought from one of the growing number of retailers, such as iTunes and Amazon, and nearly a million people estimate that their downloaded music collection is worth in excess of £250. Wi

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Fraud fighters from around the country gathered at the National Institutes of Health near Washington, D.C. yesterday to focus on taking the fight against health care fraud to the next level. Sponsored by the Departments of Health & Human Services and Justice, the gathering was the first of its kind that brought together federal program managers, private insurers, technology experts and policymakers. More than 300 people attended the event.

The summit featured a good mix of prepared presentations and speeches (including those by AG Eric Holder and HHS Secretary Kathleen Sebelius) along with hands-on breakout sessions that strategized five key areas.

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The British Insurance Brokers Association (BIBA) has welcomed the announcement from the Government that they will compensate British victims of terrorism abroad .

Graeme Trudgill, BIBA’s Technical and Corporate Affairs Executive, said: “We have been liaising with victim’s families since 2004 and are delighted that the Government has finally committed themselves to this important change. Read more…

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Car insurance premiums have seen their largest ever annual increase in the last 12 months, rising by 19.6 per cent, according to research by Consumer Intelligence. The average car insurance premium is now setting drivers back £564.69, the research shows, pushed up by the increasing trend of ‘compensation culture’, which has caused a rise in personal injury claims, and fraud. UK drivers have paid an additional £2.1billion in car insurance premiums during the past 12 months, with young drivers facing the most significant increases.

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