When you renew your annual policies, shop around to get the best deal.
Car insurance
Decrease your collision and comprehensive coverage on less valuable cars by raising the excess.
Ask about discounts for an accident-free and clean driving licence; no-claim bonus and mature driver's bonus; and if you insure your home with the same company.
Insure your children on the family policy. If your son or daughter uses the car for less than 10 per cent of its total use, or is in the armed services, ask about an 'occasional driver' discount.
Life insurance
Look for a policy which gives a high level of cover for a low premium.
A cheap form of term life insurance (which pays a lump sum at the end of the policy) is the mortgage protection insurance which accompanies a repayment mortgage. The sum you are insured for decreases as the size of your loan falls.
Find out if the insurer offers a non-smoker's discount on life insurance policies.
