Tips on Comparing Insurance Quotes

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Getting insurance quotes should be a relatively easy process. The internet has made this much simpler as we now have access to numerous insurance companies at the click of a button. As consumers we now have more power than ever before. The internet has effectively increased competition among insurance companies which is why more of them are increasingly willing to provide clients with individualised insurance solutions.

How to compare insurance quotes:

Understand that cost isn’t everything.

When you’re comparing insurance, make sure that you look beyond the surface and that you pick through the fine details. Price isn’t the only thing to consider. You need to make sure that the insurance cover you choose is suitable to your needs as well as your budget. For example, excess amounts may differ, based on your individual risk. Some insurers may even consider your credit record when deciding on your level of risk, so your premium is essentially based on a range of factors.

Get all your information in order

When you request an insurance quote you need to make sure that you are ready to provide as much information as possible. This simply makes it easier for insurers to provide you with an accurate quote based on your individual needs.

Leave no stone unturned when making comparisons

Make sure that you make comparisons thoroughly before making your final decision. It’s always advisable to compare more than three insurance companies.

Use your existing policy as reference

If you have an existing insurance policy, you can use it as a measuring stick.

  • Get opinions from family and friends
  • Research the insurance company’s financial standing to make sure that it is a reputable organisation and that it is a registered financial services provider.
  • Consider the limit of liability coverage
  • Find out if you’re eligible for discounts
  • Compare payment options
  • Read the fine print

Some insurance providers may decrease premiums once policies are up for renewal

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