How can I get cheap AOV insurance?

Do I save by purchasing cheap AOV insurance?

In part, you determine how expensive your AOV insurance will be. There are a number of ways in which you can reduce the premium of your AOV insurance. Of course you have no influence on your age and your profession, but you do have influence on a number of other premium determining factors. Below we give you some tips on how to get a cheap AOV insurance.

#1 Look carefully at the amount of the sum insured

When taking out AOV insurance, you choose the amount of the insured amount. This determines the amount of the benefit. For example, you can insure 80% of your income. If you become disabled, you will receive 80% of your income. To determine how high the insured amount should be, it is important that you have insight into the sum you need to pay your fixed expenses. Perhaps a lower insured amount is also sufficient to pay your bills. The lower the sum insured, the lower the premium. Just make sure you are not underinsured later.

#2 Choose a longer deductible period

The excess period is actually the waiting period of insurance. It is the period during which you are already incapacitated, but you do not yet receive benefits. You choose how long the waiting period is. So you can also choose a longer waiting period, which means the premium is a lot lower. This does mean that you will have to bridge a longer period at the time you become disabled. Therefore, an important factor here is your financial buffer.

#3 A shorter term is cheaper

When taking out AOV insurance, you choose the term of the benefit. In other words, the term is the number of years you will receive a benefit at the moment you are disabled. After this period you have to take care of your own income again. A shorter term means a lower premium. This way you can save on your AOV insurance.

#4 Higher benefit threshold = lower premium

By the benefit threshold, we mean the percentage that you must be minimally disabled to get an AOV. Thus, if the benefit threshold is 25%, you will only receive benefits if you are at least 25% disabled. You can also choose a higher threshold. You will then pay less premium, making the AOV insurance cheaper. A higher threshold does mean that you will only receive a benefit if your disability percentage is higher than your chosen threshold.

#5 Don't let the AOV run too long.

An AOV insurance usually continues until you retire and receive AOW. However, you can also choose to stop the benefit earlier, as you will save on the premium. This is possible if you have a good buffer to cover the remaining period until retirement.

Cheap AOV insurance? Request a quote on Alpina.nl!

Wondering what AOV insurance will cost you? As you have read, there are a number of areas where you can save money. On Alpina.nl you can request a free quote for your AOV insurance. For this we need some personal data. In addition, you can list your own wishes. Based on this information, we can give you an accurate quote. You decide whether and where you take out AOV insurance.

Do you still have questions? If so, please be sure to contact us!