How to Reduce Insurance Premiums

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You can reduce insurance premiums in a number of different ways depending on the specifics of your situation. Reduce insurance premiums with help from a longtime insurance professional in this free video clip.

Part of the Video Series: Insurance FAQs
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Video Transcript

Hi, this is Tony Chimino. I'm the CEO of Assurance explaining to you today how to reduce insurance premiums. Now, insurance companies look at a few main factors when they're trying to reduce insurance premiums of a company. The main thing they look at is really the company's historic loss experience and the trends that it has to date. So, if a company is improving their loss experience or number of loss that they're having, the insurance companies will look at that favorably and give credits to their insurance premiums. Additionally, if a company is improving their operations from a safety standpoint or in the matter of health insurance, from a wellness or communication standpoint, an insurance company will favorably add these qualitative improvements. So, if you want to reduce your insurance premiums, you need to focus on reducing your claims and improving your company's operation from a safety standpoint or from overall wish management standpoint. This is Tony Chimino, explaining to you a little bit of how to reduce your insurance premiums.


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