3. LOWER THE AMOUNT OF RISK FOR BETTER RATES
The cost of any insurance policy depends on the amount of risk involved with the policy. Nobody likes to give away money, especially insurance companies. The more risk an insured person is for the insurance company, the more expensive the insurance policy is going to be. There are a few things you can do to lower your risk classification.
• Stop smoking
No, not your pet. Smoking is the leading contributor to high health and life insurance costs. If you don't smoke you are ahead in the game, but living in a household with a smoker is considered just as high a risk to insurance companies. The same goes for pet owners. If you smoke, it puts your pet at higher risk for certain diseases and illness and will raise pet insurance premiums.
• Maintain a healthy weight
Insurance premiums for overweight individuals, including pets, are much higher than insured parties that maintain a healthy weight. Overweight individuals are at a greater risk for certain illnesses and diseases and are considered a higher risk for insurance companies. If you have health, life or pet insurance, the insurance company usually requires a periodic physical. Maintaining a healthy weight will help to keep your insurance premiums as low as possible.
• Avoid hazardous activity
Hazardous activity is any activity that puts the insured party at risk beyond the risk involved in normal activity. Most life insurance companies will not even cover such activities as bungee jumping and rock climbing. If they do cover these activities, it will raise your insurance premiums astronomically.
