Blog Comprehensive insuranceMotor Own Damage

Smart Ways to Save Money on Insurance

At Elama Kindlustus, we understand that everyone wants great coverage without a large financial burden. Whether it’s motor, home, health, or travel insurance, our goal is to help you find smart ways to keep your insurance premiums in check while still maintaining the necessary sense of security for unexpected events. Here are a few ways you can lower your insurance premiums.

1. Choose the Right Coverage for You

One of the simplest ways to save is by choosing coverage based on your actual risks. Each additional coverage has its own pricing and increases your insurance premium. For example, with motor own damage insurance, you may not need replacement car coverage if your family has a second vehicle.

2. Increase Your Deductible

A higher deductible can lower your monthly payments. Just make sure you are ready to cover the higher deductible if the need arises to file a claim.

3. Avoid Filing Small Claims

If you can cover small damages out of pocket, it may be wise to avoid filing small claims. Frequent claims can lead to higher premiums or even policy cancellation. Use your insurance for larger, unexpected costs that you wouldn’t be able to cover yourself.

4. Review Your Coverage Annually

Your insurance needs may change over time. Reviewing your policies annually can help you avoid unnecessary expenses and take advantage of new savings opportunities.

5. Check Your Driving History

If you have a long and clean driving record, this can reduce the cost of both your comprehensive and liability car insurance. Similarly, younger and newer drivers considered lower risk can see their premiums decrease over time as they prove themselves to be safe drivers.

We Help You Make Smart Choices!

At Elama Kindlustus, we are committed to finding the best coverage for you at a reasonable price. Get in touch with us so we can review your policies together and find the insurance solution that makes the most sense for you.