Our suggestions for getting
cheaper motor insurance cover
Getting
cheaper motor insurance is a good idea. No-one chooses to pay more than
necessary, especially when buying a somewhat expensive product such as
car insurance. And while going cheaper is good, going for the
cheapest is decidedly unwise.
Let's explore the latter in order to dismiss it as a sensible option.
To get the cheapest motor insurance, most would see a price comparison
site as the best way to find it. Indeed, such a service is the
only practical way to check loads of quotes at once.
Asked whether they would like to buy the cheapest of thousands of car
insurance policies, many might say yes on the basis of the
attractiveness of saving money. However, if you put it this way:
Do you think you would find the very limited cover and high
excess of such a policy worth having, they may have second thoughts.
For many, quality issues are simply not a consideration - price is
everything. Indeed, price comparison sites are largely configured on
the basis of this faulty and dangerous over-simplification.
What makes it worse is that now that most people buy via a car
insurance comparison system, insurance companies are obliged to slash
their cover to reduce premia and compete in this market. Thus, 'no
frills' policies abound but even their providers don't see them as
worth buying - they would rather not have needed to develop them at all
- but the power and prevalent use of price comparison sites provides
them with no alternative commercial option but to sell them.
To not take account of this dynamic - that is, to fail to understand
that there has been a swing towards policies that are better left on
the shelf - leaves the consumer open to a poor policy choice.
Particularly if buying through a price comparison site, how many can
say that they truly know exactly what they've bought? In view of the
above points, this is an unsound way to find cheaper motor insurance.
The solution is easy to state, if not always easy to achieve in
practice, and that is to always check over the policy details and to
not let the attractiveness of a low price trump your desire for the
inclusion of sensible and useful policy features.
How do you get this policy information? Well, price comparison sites
are getting better at helping with this but it remains the case that
it's usually wise to look at the policy on the website of its provider
before making a final choice. In fact, we tend to argue that going
direct to a leading car insurance provider can build in quality at an
acceptable and competitive price and there is no need to feel obliged
to check loads of prices when you already know that the lowest-priced
'chart-toppers' are not for you if you're adopting a prudent approach
to this quality issue.
Whether you want to compare
car
insurance or to go
direct,
you'll
find all you need here. If you apply some effort to considering what
you need and try not to compromise too far in order to save money,
you'll be doing better than many in terms of your approach to getting
the right motor insurance for you. More..
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