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1 – Insure only what you cannot afford yourself
Public liability insurance (WA) for motor vehicles is mandatory. Just like the (basic) health insurance. Not surprising, when you consider that the costs of expensive medical treatment, or for example injury that you inflict on someone else with your car, can be very expensive. When it comes to cars, many of us have more extensive insurance than the basic variant. For example, it is good to ask yourself whether you still want to insure an older car all-risk.
2 – Avoid being overinsured or double insured
In the insurance country, you can only be paid out once in the event of a claim. Double insurance therefore makes no sense and is a waste of money. Common duplications are, for example: roadside assistance, medical costs abroad and legal assistance.
3 – All your insurance policies under one roof
It often pays to place all insurance policies with one insurer. Most insurers offer package discounts; the more insurances, the more discount. An additional advantage is that your insurer can point out possible double insurance policies. After all, it is known what you have and what you don't have.
4 – Pay per year
Most insurers give a discount if you pay annually and/or charge a surcharge if you pay monthly or quarterly. Such a discount is soon more than you get at a bank. Paying all your insurances in one go can be quite an amount, so always check whether it works. An advantage when the amount can be paid in one go is that you no longer have to worry about your insurance for the rest of the year.
5 – Make use of a group discount
You can often get a discount on your insurance through the employer, but also through the trade union, for example. For example, the discount for non-life insurance can be as much as 10%. At the same time, be critical of what exactly is insured in the group health insurance. The reimbursements you receive in the supplementary group health insurance are often more generous than with individual insurance. If you actually use this, then this is interesting
6 – Look at the amount of your deductible
The higher your deductible, the lower the premium. The reward you get for a few hundred euros extra deductible is often a few tens per month. It is important that you have this amount in a savings account somewhere, just in case…
7 – Think about what you do and don't claim
Especially with car insurance, not claiming a claim can be smarter than claiming. If you claim damage, you fall back in the number of claim-free years that you have accrued. The more claim-free years, the lower your premium. In the case of relatively small damage, it may be interesting not to claim this damage so that your premium remains low. Therefore, always ask how submitting a claim will affect your premium.
8 – Take a good look at your annual travel insurance
Your travel insurance consists of several parts. What you need depends on the type of travel you will undertake in a year. A year without winter sports? Then the winter sports cover can be removed. Are you not going on holiday outside Europe? Then the world coverage can be omitted. And if you hardly go on holiday for a year, short-term travel insurance may be a better option. Another tip about cancellation insurance: this insurance is almost always more competitive in price with a continuous travel and cancellation insurance than when you take out cancellation insurance separately.
9 – Take a good look at your insurance policies every year
A lot can happen in a year. Children are born and children leave home. These types of events have an effect on the required insurance. Just like, for example, divorce, death or retirement. All reasons to review the insurance policies once a year so that you can be sure that the insurance policies are still appropriate for your personal situation and that you are neither over-insured nor under-insured.
10 – Get free advice
Insurance is not for everyone. If you don't pay attention, you pay too much or you are insured too much or too little. An insurance advisor will help you gain insight.
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