1. Annual or Single Trip Travel Insurance: If you are planning more than two overseas holidays this year buying an annual travel insurance policy could save you money, especially if you are going to hit the slopes.
Advantages of an annual policy are that it usually includes winter sports cover as standard and allows for spontaneity - you can jet off on a last minute deal without worrying about paperwork.
Before buying a policy, be aware of your shopping options. Travel agents will often try to sell you insurance when you book your holiday but you are likely to be able to find better value policies direct from a travel insurer on internet comparison websites.
Travel insurance
2. Shop around for car Insurance: If your car insurance is soon up for renewal shop around for alternative quotes before you accept the renewal premium offered by your existing insurer. The current competitive nature of the car insurance market means that insurance rates are constantly changing and therefore your existing insurer may not be offering you the best premium. If your personal details have changed, your car is different, or your address is different then your risk profile may not be suited to your existing insurer.
Car insurance
3. Update your home insurance: If you have carried out any home improvements make sure that you update your buildings insurance. Now Christmas is over, review your contents insurance too and remember to include any new electrical or valuable items that you have purchased or received as gifts. The time it takes to do this is small in comparison to how much it would cost to replace those items if they were lost, stolen or damaged and your insurer refused to pay out because your sum insured was incorrect.
Home insurance
4. Become healthier and your life insurance premium could decrease: Start the New Year off by kicking those bad habits. Give up smoking now and after 12 months you could save up to 60 percent on your existing life insurance. Also think of the saving you can make by not spending five pounds on each packet of cigarettes. If you gave up smoking last year remember to review your life insurance.
Slimming down and leading a healthy lifestyle with regular exercise reduces your risk of developing life threatening conditions and therefore your risk to your insurer. This also contributes to lower premiums!
Life insurance
