It was difficult to compare car insurance quotes from multiple providers before the internet. You could only get comparative quotes by visiting a broker who had several agencies with different companies. Even then, you might have only been given a quote from the preferred provider the broker would place most of his business.
While this was a benefit for customers who could access more policies, it did not result in lower rates for businesses. Similar to specialist motor insurance, there was little competition in the market. There were only one provider per type of car or special interest group.
The internet has revolutionized the way we shop for auto insurance. Everyone can now access quotes and rates from almost every company. The advent of so-called car insurance aggregators, or comparison sites, has revolutionized the way we purchase car coverage.
There are so many options, how can you compare car insurance quotes? And what should you compare to find the best deal for you?
Define your insurance requirements
Before you start looking at car insurance comparison websites, you should think about what exactly you are buying. Also, think about your car and yourself.
Is your risk considered a standard risk?
Do you, for example, drive a low-insure rating, small-engined hatchback? Are you included in a group that isn’t penalised for your age or gender?
You should also consider how often you use your vehicle. What frequency and what purpose do you use your car?
While a large portion of the population is within the standard risk limits established by insurance companies, others will not. This could be due to a number of factors, including the type of car or the characteristics of the person applying for insurance.
How to compare quotes
Not only is it important to compare quotes from different sources, but it is also crucial to examine what is being offered as coverage options for the quoted price. The price of insurance covers only the claim service that you receive. Caution! Buyer beware, you need to verify what your coverage is in case of a claim. The coverage you have is as important as the price. Although many suppliers offer cheaper insurance, they will not tell potential buyers about the reductions in coverage that have been made to make motor insurance more affordable. Special discounts should be avoided. Although you may be eligible for a 50% discount online, what if you get only fifty percent?
If you are a regular motor risk and don’t require any special coverage, visit a comparison website.
Google is a great search engine to locate providers of car insurance.
If you have Land Rovers, you can type Land Rover car insurance into Google search engine. This will bring up options that are more relevant to you as an owner. There may also be specialist insurers that offer insurance plans for Land Rovers. If you’re a driver in your mid-fifties, you can type over fifties car coverage into the search engine to get cheap quotes.
Compare the covers on a similar basis. If a site offers a price with an excess of one hundred fifty dollars, make sure the comparative quote includes the same amount. Before you sign a policy contract, make sure to read the policy keyfacts.