Resolutions that Reduce Insurance Rates

Many people make New Year’s resolutions at the beginning of the year because they want to improve their life. Your New Year’s resolutions can also help you save money on your insurance. Below are examples of common New Year’s resolutions and how they can reduce your insurance rates:

Weight Loss

Your build is one of the things many companies take into consideration when they are determining how much you will pay for term life insurance. If you are considered overweight, then you may have to pay more for term life insurance. Keep in mind that you may be able to save a lot of money by losing 10 to 15 pounds.

The number of people considered obese has increased drastically within the past few years. Obesity not only leads to higher insurance rates, but it can also increase the risk of many health problems. High blood pressure, diabetes and high cholesterol are some of the health problems linked to excess body weight.

Smoking Cessation

Smoking is a health risk. Studies have shown that smoking can potentially shorten a person’s lifespan by up to 10 years. That is why people who smoke typically have to pay more for their life insurance. On the other hand, if you quit smoking, then you will be able to save money.

Keep in mind that some life insurance companies charge light and moderate smokers less than they charge heavy smokers. Therefore, you may be able to save money just by cutting down on the number of cigarettes you smoke per day.

Make Your Home Safer

Many people decide to add safety features to their home at the beginning of the year. This can help you save money on your home insurance. Installing dead bolt locks on your doors and a security system are some of the ways you make your home safer.

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