To get low-cost auto insurance, research what kind of coverage is necessary, compare companies, take advantage of every available discount, take the highest possible deductible and shop around, states Edmunds.com. To get low-cost health insurance, check the income limits for low-cost insurance or Medicaid programs in the state, and check personal qualifications for the premium tax credit, according to Healthcare.gov.Continue Reading
Many auto insurance companies offer discounts for drivers who do not drive far each day, vehicles with safety devices, and students with good grades, explains Edmunds.com. Additionally, some insurance companies offer discounts to adults over 55 for taking defensive driving courses. Also check for pay-as-you-drive discounts, which typically cap at 19,000 miles. Also, consider cancelling some types of coverage. For instance, those with full coverage on an older vehicle can pay more in insurance than the vehicle is worth.
Applying for health insurance at the Health Insurance Marketplace provides information on whether the applicant is eligible for the premium tax credit that helps lower health insurance rates, states Healthcare.gov. The amount of the tax credit depends on the reported income on the application. Additionally, silver plans can reduce out-of-pocket costs, and the marketplace website informs applicants if their states are expanding Medicaid programs.Learn more about Insurance