Do you know if you can negotiate a bill to lower your bill? There are a variety of bills that you can save money lower to save money, such as insurance, internet, and even medical bills. I negotiated several bills myself and had some tips to share to increase your chances…
Do you know if you can negotiate a bill to lower your bill?
There are a variety of bills that you can save money lower to save money, such as insurance, internet, and even medical bills. I negotiated some bills myself and had some tips to share to increase your chances of successful negotiations. In today’s post, I’ll show you how to negotiate a lot.
Most of us pay on our bills, not even knowing. And, since bills are often recurring once a month, saving a few dollars a month can have a significant impact in the long run.
Today, I share a list of bills you can negotiate, what you should say when negotiating a bill, and what to do if the company refuses.
Recommended reading: How to Save $10,000 a year
10-month bill you can negotiate
Here is a list of bills you can negotiate to reduce monthly spending.
Recommended reading: 50 Best Ways to Save Money
1. Auto Insurance
Just like other bills, auto insurance (and all types of insurance) is agreed upon.
First, you need to call your insurance company directly and tell them that you are reviewing your policy and want to see if they can lower your rates. It is mentioned that you have become a loyal customer for X years and have seen other companies offer lower prices. Something like, “Can you match or beat that speed?” is especially useful if you have already obtained an exact car offer from another insurance provider.
It’s also a good time to ask all possible discounts, including safe drivers, multi-cars, bundling, low mileage, defensive driving courses, good students, and more.
Your insurance provider wants to do everything he can, not make you a customer, so this is a great place to start.
2. internet
Negotiating your internet bill is similar to negotiating your auto insurance bill.
First, you need to call your Internet service provider to see if they have any special promotions, loyalty discounts or plans to upgrade at a lower price. You can also mention that you have seen competitors sell services faster for less money. If you have actual evidence, you can share it with them immediately (such as screenshots) and this works.
You can also ask your internet provider if you combine the internet with TV, phone or mobile services to reduce your overall bill. Obviously, this will only save you money if you want to bundle and provide extra services.
My sister’s internet bill has doubled recently. She called and was able to restore her monthly bill to the price she registered a few years ago – saving over $500 a year!
3. Medical expenses
When you do it right, negotiating medical expenses can save you hundreds, even thousands, of dollars.
This is the method.
First, you need to look carefully at the bill and check for errors, duplicate charges and even services you haven’t received.
Then, call the billing department and ask if they can reduce the total or help you with your payment plan. If you pay in full immediately, please request a discount. If you have insurance, ask if the out-of-pocket rate is lower, as it is sometimes the out-of-pocket rate.
Make sure you explain your situation clearly, but be good, and make sure if you have a reduction or payment plan in place, make sure you get everything in writing.
4. Mobile bill
Mobile phone companies have been fighting for their customers, which makes this one of the best bills to negotiate in the first place.
First, you need to contact customer support to see if there are any loyalty discounts or promotions.
Like I mentioned before, you’ve seen that you’ve seen competitors offer fewer plans and you want to see if they can match or exceed their competitor’s price.
Also, see if you can remove unused features that you don’t need, such as insurance, additional data, or streaming add-ons, if extra costs are required. You can also ask to contact the Retention Department, which is responsible for keeping clients in touch with the company.
5. Cable TV
Negotiating a cable bill is like negotiating a mobile phone and internet bill, so you want to do the same thing.
Call customer service and tell them you have seen competitors sell similar wired plans for less and ask if they can match or exceed the price. You can also see if you can delete channels or features that do not require lowering your bill. You can also ask if the modem, DVR, or cable box fee can be waived or reduced.
Recommended reading: 16 Best Alternatives for Cable TV
6. Gym membership
Believe it or not, you may be able to negotiate to reduce the cost of gym membership.
Try calling the gym and asking if the rates for long-term members are lowered, or if you purchase a one-year membership. If you are not very using membership and are not sure if you will use it in a few months from now, a one-year membership may not be the best idea.
7. Magazine or newspaper subscription
Magazines and newspapers will usually enjoy updated discounts if you ask.
You can also ask to convert it from printing to digital to reduce costs. You can also ask if they have discount offers for current loyal subscribers. Many publishers have better deals during your renewal time, so this is a good time to make a call.
8. Home Insurance
You can negotiate home insurance like a car insurance.
You can first send an email to your current home insurance agent and ask, “What can I do to lower my home insurance rate?” They usually follow your policies to see what can be changed, and they can also browse around the quotes from different companies.
You can also compare quotes from different insurance companies to see if there are discounts for bundled home and car insurance, installing security systems, smoke detectors or no claims. You can try raising deductibles, which usually reduces premiums, but make sure you can cover the deductible deductions when you need them (for example, you can try increasing it to $5,000 instead of the deductible price of $2,000 to see if you can save any money and it’s worth it).
9. credit card
Yes, you can even negotiate to reduce your credit card costs.
You can ask for lower interest rates, exempt annual fees or late fees, or share your competitors who see lower interest rates and ask if they can match those rates. Remember that companies are more likely to negotiate with reliable clients who pay their bills on time.
Recommended reading: Best Credit Cards | What You Need to Know
10. Payment (via refinancing)
While you can’t negotiate car payments directly, you can delete your monthly bills with a new lender refinancing.
Ilending is a company that connects you with lenders (usually local credit unions) who will help you refinance your car. This is a great way to lower monthly car payments, especially if your credit score has improved since you first received your loan.
On average, customers save about $145 a month or $1,700 a year by switching alone, so you can save a lot of money!
Want to see how much you can save? Click here to get a free quote by clicking.
Frequently Asked Questions
Here is a list of the most common questions about negotiating bills.
What bills can I lower?
You can negotiate a variety of bills including wired, internet, medical, insurance, and more.
How much can you save by negotiating a bill?
How much you save on your negotiation bill depends on whether you switch plans or providers, or how much discount the company gives you. For example, you might save $500 to $500 a year on a wired or internet bill, $10 to $50 a month on a mobile bill, and up to 20% of insurance premiums.
Can you negotiate electricity bills?
You can negotiate your electricity bill, but sometimes it depends on the company and where you live. For example, I live in a regulated state of Nevada, which means a company provides electricity and we do not allow us to choose an electricity provider. To find out if you can negotiate a electricity bill, call the provider and ask if they have a loyalty discount, promotion or budget plan.
What should I say when negotiating the bill?
This is a script that can be said when negotiating the bill.
“Hi, I’m a loyal customer who keeps paying on time. I’d like to see if there’s any way to lower my bills. I’ve noticed that the competitors are cheaper and I’d love to stay in your company if you can match or improve my current plan. Do I have any discounts, promotions or plans that are eligible?”
What you want to tell them is that you are a loyal customer, but you also mention that you have seen better prices and hope to give them a chance before switching permanently.
What should I say if the company refuses?
If the company refuses, this is what to say.
You: “I get it. Are there any other promotions, programs or loyalty discounts I may be eligible for?”
If still not: “I really value being a customer. I’m considering using a competitor instead. Is there any way to match their price?”
If still not: “I can talk to the supervisor or the reservation expert and see if they can help?”
What if I don’t like to make phone calls?
If you don’t like talking over the phone (and neither do I), try support first through online chat. Many companies have live chats online and you may succeed in lowering your bills, but I do find that the highest success rate is when you talk to them directly over the phone.
Monthly bills you can negotiate – Summary
Hope you enjoyed the article on the monthly bill that I can negotiate.
You can make a lot of bills to save extra money. From car insurance to medical expenses, the list is endless.
Want to challenge yourself immediately? Call or message one of your monthly billing service providers now and try to lower your bills. You may be surprised by what happened.
What bills are you going to negotiate?
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