How To Get Cheaper Health Insurance

When you search for health insurance quotes online you’ll notice that you’ll receive a variety of different prices from different insurance companies with very similar policies. This is because different companies will place different values on the certain components that affect your rates. Generally it’s a good idea to consult a few health insurance specialists so that you can find the policy that will most likely give the coverage you need for an appropriate rate. But it is also a good idea to be aware of the factors that go into determining your costs. Here is a breakdown of ten risk factors that an insurance company could use to determine your premium prices:

Body Mass Index

Unless you’re a bodybuilder or an athlete of some sort, insurance companies look at people with a high body mass index (BMI) as being overweight and therefore a higher health risk. For the most part people with a higher BMI are overweight and at risk of developing problems with diabetes, heart disease, and joint problems later on in life.

Tobacco Use

Insurance companies really tax anyone who smokes, chews, or uses any tobacco product on a regular basis. Not only that but they may also any use any history of such use against you even if it’s in the past. The way they look at it is that the damage has been done and your risk of health complications is still there if can be medically proven. For some, it can take a long time for their risk of disease to reduce in the eyes of an insurance company.


Unfortunately women usually do pay higher premiums than men. The reasons why according to insurance companies are that women are more likely to go to the doctor regularly than men, more likely to take prescriptions, and more likely to develop some sort of chronic disorder that will affect them for a long period of time. In the case of maternity insurance, an average delivery will cost around $13,000 and this doesn’t include prenatal or postnatal care which can also be a factor in insurance costs.


The younger you are, the lower the premium usually is. Pretty simple, young people tend to be healthier than those older. They are less likely to develop health problems and statistically have fewer diagnosed complications every year. Furthermore, young people are less likely to go to the doctor even if they do experience health problems. This is one of the main reasons that even though they are more likely to get into accidents or have significant injuries that their rates manage to stay so low.

Pre-existing Conditions

Some health insurance companies will not even offer coverage to those with certain pre-existing conditions.  The companies see it as a greater risk that something worse will develop from the condition and require greater treatment down the road. Even if it is a condition that you had twenty years ago, you would have to provide substantial proof that it would affect now or in the future in order to get less expensive coverage.

Family History

Family history tends to go hand-in-hand with pre-existing conditions as far a s premiums go. Applicants whose families have history of certain medical conditions will usually have a higher rate. The more serious the condition, the more expensive the rate usually is such as a case where a family has had multiple member suffer from a similar form of cancer.


People who work around hazardous materials or a job with a high injury rate will generally have higher premiums. On the other end of the spectrum, a job that requires you to sit in one place all day and be more sedentary can also lead to higher premiums because these people tend to be at a greater risk of heart disease and other health complications that can come with being sedentary or overweight. Another thing usually considered is international business travel, how often and where you go can have an impact on your insurance costs.

Post Code

The climate, the culture on exercise, hygiene habits, and variety of healthy food options can all affect your health insurance costs. This is most often purely statistical and doesn’t reflect upon you as an individual. The company you are applying to may just see that people in that area are not as healthy for one reason or another. In other words, the place you choose to live can affect your health insurance.

Marital Status

Statistically, married couples live longer and tend be healthier than those who are single. While the benefits of getting married are usually better for men when it comes to health insurance, it can be favourable for women too.

Previously Uninsured

Insurance is sort of like credit, if you have no history of coverage, your options are more limited. If you’ve gone a long time without health insurance or are getting it for the first time you can be completely healthy and still have a higher premium. This is because the company has little knowledge of what they are getting into with you. You may have been without insurance for a long time because you were living an unhealthy lifestyle due to lack of income. They also assume that you are seeking coverage because you are looking to see a doctor fairly soon or suspect your own health might be lacking lately.

While many of these factors are out of your control you can increase your chances of qualifying for lower premiums by keeping a thorough medical history, not using tobacco products, exercising regularly, eating healthy, and living in a healthy environment.


This article is about health insurance and is general information only. It should not be treated as factual, as personal advice or be the basis of purchasing any insurance policy. Before deciding on an insurance policy read the PDS carefully and talk to a licensed insurance agent if you need further assistance. MoneyBuddy does not recommend insurance products or provide personal advice in regards to insurance products.

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