For many people on a budget, there are better things to be spending money on than insurance. When you have kids to clothe, food to put on the table and gas to put in the car, there is often very little left over at the end of the month.

However, insurance can offer a valuable service. It can help protect you financially, should the worst happen. Take life insurance, for example. Life insurance can offer a payout to your family should something happen to you. This payout could help cover your mortgage or loans, or your family’s bills and day-to-day expenses.

But that doesn’t mean insurance has to be expensive – there are many ways to make sure insurance doesn’t break the bank.

First up, you need to find an insurance provider that offers affordable cover, and policies that suit you. When you are looking for insurance, the internet is your friend. It can help you search through dozens of insurance providers, and hundreds of policies in minutes.

Compare policies side by side, and make a shortlist of possibilities. While cost is always going to be an important factor, the cheapest policy will not always be the best one. You need to make sure it offers you the kind of cover that you need, quality insurance, and that it’s from a provider you can rely on.

Now, if you want to save some money on insurance, again, the internet is your friend. Insurance providers know that they can save money on overheads by offering their products online. So, if you buy online, you can often benefit from those passed-on savings.

To encourage customers to shop online, insurance providers can also offer incentives for online buyers. This can come in the form of a percentage discount, one or two months free premiums, or cash-back offers for not making a claim within a certain period of time.

It can also be helpful to find out what insurers are looking for when they are assessing your insurance application. If you are looking to get life insurance, it can help to live a healthy active lifestyle, and smoking is a big no-no.

Once you have made your decision, you need to make sure you read through the terms and conditions of the policy – in full! They can be dreary, and it can be tempting to skim-read, however, reading the small print will tell you whether the policy is right for you, and if there are any loopholes that may stop you from making a claim.

Make sure to find affordable insurance from a provider you can trust. Get a quote, find out more about pricing and cover, and speak to an adviser if you have any questions.

Remember, insurance doesn’t have to break the bank – it’s just a case of finding the right insurance provider and the right policy.