Insurance, whether it be car insurance, home insurance, travel insurance, mortgage protection insurance or health insurance, is one of the biggest drains on our monthly income. However, we live in a world where the unpredictable and the unforeseen can be catastrophically damaging to the state of our personal finances, and, therefore, insurance simply isn’t a dispensable commodity. It is absolutely necessary.
So how do we go about making sure that we are getting the best deal? The answer is straightforward. Research research research! Here’s how:
1. Many people head to the professionals. If you can afford it, unbiased financial advice is certainly a sound option. Take recommendations from friends in the know as to who to consult.
2. Check out what your local bank has to offer. Many banks nowadays, including big high street banks like Santander, also offer insurance policies, including deals on car insurance, home insurance and travel insurance. There are occasions when you are likely to be rewarded financially for keeping all your policies in one place.
3. Use online search engines and price comparison websites with care. Price comparison sites can be a useful tool for getting you started, but it is important to remember that these sites will never fully represent what is available on the market and many of their search facilities are too simplistic to provide you with a totally accurate quote.
4. Pay attention to special offers and introductory deals. Sometimes they won’t be worth a second glance but on other occasions they could offer you real savings. Some car insurance companies, for example, may offer discounts on certain mechanical services throughout the year.
5. If you want to keep on top of any financial changes that are going on in the world of insurance throughout the year, a subscription to Consumer Reports or Which magazine comes highly recommended. Though this is, unfortunately, not without its own charge. It can, however, help to keep you up to date with what’s new on the market, not only with regard to your insurance needs but on a whole range of financial and consumer services.