A simple trick to save money on Insurance.

Two years ago when I was renewing my home insurance, I happened to have a particularly helpful guy on the other end of the phone. Sure he was trying to close a sale but I can usually tell the real ones from the fake ones.

Credit: Wikimedia

Anyway, by chance I happened to be renewing on Friday afternoon, little did I know, this was the reason I was able to haggle my way to a great low price.

When our transaction was complete the salesman told me that all of the sales staff in his company have weekly sales targets and quotas so if they are failing to reach them come Friday afternoon, they give out great quotes to customers in order to close the sale before close of business.

Every year since, when I have been renewing my car insurance and home insurance, I have always done it on a Friday afternoon around 4 o'clock. If the person is not willing to budge on the price I know they have reached their quota. So I ring back and get another sales person who hopefully hasn't reached theirs and bingo, more money saved.

I am in Ireland but I would think that most insurance companies would have similar arrangements in terms of sales targets.

So get out there and squeeze some insurance sales people (literally if you have to!).

This has worked for me, and it can work for you too.

Thanks for reading.