Dieting and cutting back on use of alcohol can be difficult, but U.S. insurance users claim that they are much more likely to take those steps to lower their life insurance premiums than to use some other low-effort premium-reduction strategies.
Simple Life Insure, an independent life insurance brokerage firm, has included data supporting that finding in a summary of results from a recent online survey. The sample included 665 people who said they owned a health insurance policy, a car insurance policy, a life insurance policy, a homeowners or renters insurance policy, or a disability insurance policy.
Some of the questions focused on the steps participants were willing to take to reduce their premiums for various types of insurance.
“Shopping around” was by far the most popular premium-reduction strategy: 54% of the participants said they were likely to try to shop around to reduce health insurance premiums, and 47% said they were likely to try to shop around to reduce life insurance premiums.