All of us tend to have insurance. It will provide peace on mind in various situations so you know that you will be able to get money if you need it, usually for repairs or treatment. There are many types, but they all tend to be pretty expensive. We might even be tempted to give up and not bother to insure because they can be so expensive. This might be a wise decision for some things as it just may not be worth insuring for a very unlikely risk. In some cases, it is a legal requirement to have insurance and therefore we cannot go without having it. However, some insurance is optional, but we might still like to have it because otherwise we will not be able to afford to pay the cost of repairs, replacing items or whatever. It is worth thinking hard about this. There are ways, though, to get cheaper insurance if you do decide to buy it.
There are websites that you can go to which will compare the prices of different insurers. You can use these to find out whether you can change to a different insurer and save money by doing so. It can be a good way to find out whether you are paying more than you should and if it is worth switching to a different one. However, you do need to make sure that you are comparing like for like. They might be cheaper because they are not providing so much cover. You will therefore need to find out what you are looking for in insurance and whether this one will cover you for everything that you need. It is also worth noting that not all insurers will appear on these sites as some only deal with customers directly (many have the word ‘direct’ in their name). These may be cheaper still as they will not have to pay commission to sites like this.
Negotiate with provider
It is always a good idea to try to negotiate with your provider when your renewal comes up. They will send you a price but if you phone them it is likely that they will reduce it. This does seem unfair that they send out a high price and will automatically lower it if you call, but it is something that they all do, so well worth the cost of time of a quick phone call to make sure that you are not paying more than necessary. You may also be able to change the cover that you have to get the price down. Sometimes there are optional parts and you may be able to remove them from the policy. Obviously, you will have to decide whether you want those in the policy or not and t will depend on what is important to you and what you feel that it is worth paying for.
Don’t make claims
Many people will make small claims on their insurance because they feel that is what the insurance is for. However, every time you make a claim you are seen as a higher risk and this means that your premium will go up. This can be expensive and it can mean that you will end up paying out a lot more than the money that you have claimed. So, if you can afford to pay without claiming, then consider whether it is better to do this than to claim and then end up paying for that in increased premiums. Even if you have a protected no claims, you will still have to state that you have made a claim if you want to change insurer to try to save money.