Tips to Get Cheaper Car and Home Insurance
If you are looking for ways and means to have your car and home insurance cheaper than what you are paying now, then read money saving expert, Martin Lewis’ advice.
• Do not simply accept a renewal quote
Insurers depend upon apathy as you are bound to get an insurance quote £100s cheaper if you apply as a new customer rather than applying for a renewal. So, it is best never to accept a renewal quote because you might be losing out on lot of your money. A new policy ofcourse requires a little more time and effort for a new policy but it pays in the end. Check for a new provider just before the expiry of your policy. Use different tools to get a quote and take help of sections like email or text reminder, weeks before your policy renewal date.
• Lower your risk
Since most insurance premiums are risk-based, you would probably have to pay less for a policy, the less likely you are bound to make a claim. For instance, in case of home insurance, you have to make sure that you are a member of neighbourhood watch or have window locks at home to minimize the risk factors. In case of car insurance, have an experienced driver, rather than a novice and try parking your car off the street if you can.
• Use comparison sites
With a lot of policies being bought online, you can take help of the latest technology of comparison websites, which helps you, do a comparative study of different insurance companies and get the cheapest quote available in the market. All you need to do is to feed in your data and then wait for the results which available in just a minute. Some of these sites even provide you with expert advice and helps you in making the right choice. So, in just 10 minutes, you can get 104 quotes from two Car Insurance websites. The trick is to get the best comparison using the right sites.
• Hidden cashback
Once you have zeroed down to the cheapest insurer, all you need to do is to read the fine print very well and find out the hidden cashback deals.
Cashback sites are particular sites which have paid links from financial service providers and retailers i.e. if you get a product after clicking through these sites, they get paid. The most important factor of using these sites is that you get some of the cash which they received. So, there is dual benefit for you. Not only do you get the product but also the cut in the revenue as well. So when check to find out if your second and the third cheapest quotes can get you cashback and if they do and aren’t too expensive either, you should go for these quotes.
• Check the terms and conditions
Before signing any policy, take extra care to read the terms and conditions as each provider has different terms and conditions. So, even if you are taking the new policy from your existing provider, do not fail to read the terms and conditions as they might differ from the earlier one. Some providers even offer some freebies but see if you actually need them or can do without them and thereby get a further cut in the price.
