Policies can vary significantly, depending on the coverage they provide. Policy limitations are also an important consideration. For example, an otherwise excellent health policy might have a major medical cap that is too low. Even though a policy may offer adequate coverage now, your needs will change in the future. You'll need to review the adequacy of your total insurance coverage at least once a year.
Many people pay far more for insurance coverage than necessary.
Premiums for similar policy coverage can vary dramatically. You may be able to achieve significant savings with careful shopping and selection of policy features. Raise the deductible. You can save hundreds of dollars on premium payments by raising the deductibles on automobile and homeowner's or renter's insurance policies. Purchase all coverage from the same company.