We all know that insurance quotes as based on risk. Whether you’re shopping for car insurance or life insurance, the quotes are all based on risk.

Car insurance quotes are primarily based on the car, age, driver experience, past claims and the area you live. These all might seem obvious but there are still people who can’t explain why they’re getting high car insurance quotes. It goes without saying, if you’re a young inexperienced driver, than your premiums are going to be high unless you drive a smaller engine car. There is no real way to save money other than this if you’re an experienced driver, no matter how much you shop around for premiums.

Life insurance however is a little more complex. The policies are insuring you personally, not other people and not your possessions such as your home or vehicle, so the only way to save on your life insurance or term life insurance policies is to make some personal changes. The single biggest change you can make to your lifestyle is to stop smoking (if you’re a smoker of course). It is well documented that non-smokers save between 20-40% on their insurance premiums when compared to smokers. This can amount to a staggering saving over time.