Morat Insurance Services Home Page Home Page Newsletter Contact Us Get A Quote Contact Us Homeowners Insurance Auto Health Life Insurance Business InsuranceQuick Links
Get A Quote

There are many different methods to decrease your insurance premiums, which could end up saving you thousands of dollars per year.

Specified Items

Most insurance carriers make you include certain items in your policy, for example, jewelry, cell phones, and cameras. If you don’t have these items anymore, you should have them removed from your policy. This can help to reduce your premiums.


Most claims are subject to an excess which is stipulated in your policy. If you choose a higher excess, your monthly premiums will a smaller amount. In a typical policy the excess is usually between 750 and 1000. If you make your excess 2000, you will also protect your no-claim bonus, by not claiming for small amounts during the year, which will result in your premiums being lowered the following year.

Market Value

The replacement value of goods rises constantly.  The only exception is automobiles. Check with your agent to ensure your car is only insured at the market value. You cannot compare the market value of a car you bought five years ago with one today. Ask your agent whether you are paying only for the market value of your car, and that it should be reduced every year.


By setting up specific security mechanisms, you will be lowering the risk of loss, thereby lowering your monthly premiums.

  • Household
    • Burglar bars
    • Alarm System and Armed Response
    • Security Gates
  • Motor Vehicle
    • Alarm, Immobilizer or Gear Lock
    • Satellite Tracking System
    • No-Claim Bonus

The number claims submitted is proportional to your monthly premiums. If you file fewer claims, your premiums will be lowered. A lot of carriers give multi-policy discounts for home and car insurance, especially if no claims have been filed. Policyholders are eligible for a bonus depending on the history of claims submitted.

Contact us to discuss more ways to save on your monthly Memphis insurance premiums at (901) 458-2633.
Share |

No Comments

Post a Comment
Required (Not Displayed)

All comments are moderated and stripped of HTML.
Submission Validation
Change the CAPTCHA codeSpeak the CAPTCHA code
Enter the Validation Code from above.
NOTICE: This blog and website are made available by the publisher for educational and informational purposes only. It is not be used as a substitute for competent insurance, legal, or tax advice from a licensed professional in your state. By using this blog site you understand that there is no broker client relationship between you and the blog and website publisher.
Blog Archive
  • 2013

View Mobile Version
Footer links
Morat Insurance Services | 3942 Park Ave. | Memphis, TN 38111 | PH: 901.458.2633 | FX: 901.458.6202                                     Powered by Insurance Website Builder
Home Page About Us Our Services Newsletter Get A Quote Contact Us Twitter Facebook