Insurance premiums can seem like an unnecessary drag on your monthly outgoings – and in some cases that may very well be the case.
Often this is because premiums are unnaturally high as we haven’t got the best deal or are insuring things for a higher amount or a longer time period than is necessary.
Having insurance in the first place can save you a fortune should something bad happen to your home, your car or your health, so just doing without is not really an option. If the worst-case scenario did come to pass, you would find yourself with a mountain of debt to deal with as well as your initial problem.
Using price comparison sites is one way to ensure you get the best deal around. These sites can save you a fortune in both money and time. Andrew Watt from lifeinsurance.org.uk recently said “A life insurance policy should always require research and that means shopping around for the best deal to suit your circumstances”
One of the main benefits of comparison sites is that you only have to type in your details once to get quotes from hundreds of insurance providers. Many sites use life insurance calculators to work out the best possible deal for you. Once you have worked out that, for example, life insurance from lifeinsurance.org.uk is the best deal for you then you can head straight to their site and get started.
Another way to save money on insurance is to arrange policies through a broker. There are many insurance brokers who offer their services to consumers for free so it needn’t be an added expense.
Most brokers get paid by the insurance companies themselves, although new regulations over the past few years have resulted in some offering fee-paying services. If they do get paid by the insurers it doesn’t mean they have any bias.
Just like with price comparison sites the law states that they must be paid the same amount by each company so they are not tempted to offer the clients a worse deal in exchange for more money themselves.
