There is no denying that the current cost of living is at an all-time high. And so is the cost of starting businesses and running them.
Therefore, the need to cut costs and live modestly, particularly to the budding or seasoned female entrepreneur, has never been so important. And one of the best ways of doing this is by cutting back your spending especially when it comes to paying insurance premiums and related expenses.
It is estimated that over 80% of entrepreneurs today overspend in insurance covers despite that dedicating a little extra effort in scouring for the best online deals can easily save them hundreds if not thousands of dollars annually.
That said, here is a quick primer on how to land the best and the cheapest insurance quotes online for women entrepreneurs.
Review a multitude of existing policies and compare them with each other.
One of the best ways of making sure that you’re not duped and ripped off of your hard-earned money is reviewing online insurance policies from different insurers to get a rough idea of the prevailing market condition. Besides, it’s no secret that at times such policies differ from one company to the other. There are those insurers, for instance, who would charge you less if you insured multiple assets with them. On the other hand, some companies have a reputation for charging an exorbitantly high deductible cost for each asset single insured with them.
Additionally, insurance policies surrounding issues such as the asset’s coverage period are also bound to influence the size of the premium paid per month or year.
Compare different rates before settling for one.
It’s surprising how very few women entrepreneurs compare online auto insurance rates when looking for a reliable firm to cover their vehicle (s). But it is more perplexing that most of us are not yet aware that some online auto-insurers vary their rates according to the make and model of the vehicle and can sometimes even offer more favorable insurance rates for women. So if you own a vehicle with a relatively higher safety score, then you’re likely to pay less for auto coverage than someone else who owns a car with a low auto rating.
Moreover, remember that you car’s mileage also has a role to play in what you finally end up paying. So, if you recently bought a car, then you shouldn’t be paying as high a fee as other car owners with older vehicles. Insist on only online auto insurance companies that take such factors into consideration.
Of home and property insurance.
Contrary to what most people think, insuring your home, business and car with the same company attracts discounts and rebates. In fact, with some online insurance firms, the value of such rebates and discounts can easily total up to hundreds or thousands of dollars every year. This is money that can be re-channeled back to your business and grow it further.
On that note, bear in mind that paying your homeowner’s insurance premium in a lump sum instead of monthly or weekly is likely to call for attractive discounts that could end up lowering your insurance quote significantly.
Getting cheap health insurance online.
As much as you’re working hard to grow your business or empire, it also pays to reward yourself by getting into a reliable health insurance plan. But that doesn’t mean spending cash unnecessarily on over-priced quotes. But even then, just like any other types of insurance, the better your health condition or status, the less your insurance quote and the more the money you can save in the long run.
Once again, remember to compare various rates, insurance policies and monthly deductible fees before settling for one that fits your bracket perfectly.
Make use of online tools.
In the recent past, numerous web developers have come up with useful online-based tools where you can enter your details, location or ZIP code, asset value/type and the desired period of coverage. The web-based tool then scours the internet on your behalf and displays a list of the cheapest online insurance quotes from firms near you. Now, to most women, such a tool is in indispensable considering that we already have to juggle between motherhood, business and handling other domestic affairs.
Either way, the bottom line is that there is no shortcut to finding the cheapest online insurance rates. Be prepared to work a little harder in researching and comparing various rates. But at the end of the day this might end up saving you a small fortune in the long run.