What To Look At When Comparing Car Insurance Quotes

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Have you got a wide range of quotes for your car insurance? You usually will, but not all car insurance quotes are created equal – here we help you know what to look for when you are assessing which quote is best for you.

Check the Deductibles

The  deductible is what you pay before the insurance kicks in – and a small detail can make a big difference in the event you make a claim. A higher deductible reduces an insurance company’s overall costs in meeting claims, which can often help them offer eye-grabbing low rates. If you don’t have to claim on your policy, you will be one of the lucky people who can benefit from those rates. But in the event that you do end up needing to use your insurance, you’ll find that a high deductible means you still need to cover a lot of the repair or damage costs out of your own pocket, despite having shelled out for insurance.

Reputation  Matters

Sometimes you might see a great quotation from a company you’ve never heard of – but there may be a reason why you’ve never heard of them. Insurance is a long-established market with a few well known players. So when people want to break into the market they may try to get more business by offering attractive rates or terms. But you need to know that if you do want to claim on your insurance in the future, there is a fair chance that the claim will proceed smoothly and fast. For newer companies with little track record, it’s especially important to look into this, for example asking friends, an insurance broker or researching online to see what others say about them. But even big brands can turn out not to be good or fast at paying claims, so whatever companies you are comparing be sure to do this simple but vital piece of homework.

Is it Apples for Apples?

Insurance is a simple concept made difficult by insurance companies. When you have a handful of quotations from different companies, there is a high chance that no two of them are offering exactly the same to you. Usually the coverage on offer is different, and the rules and exceptions may well vary too. These can seem like small details, but down the road when you need to rely on the insurance, they can turn out to be very significant. So when comparing, ask whether you are comparing apples to apples or apples to oranges. Be aware of what the differences between the options are and allow for them when making a comparison.

Compare the Special Deals

Insurance companies often dangle special deals – and you should take these into account when making your choice. For example, they may offer a no claims bonus, giving you discounts or rebates if you do not claim on the policy. Your existing insurer may offer you a discount for extending the policy (although many do the opposite, taking  your repeat business for granted). You may score a better deal if bundling the vehicle insurance together with other products the company wants you to buy, such as home insurance. Whatever the discounts or special deals, they can make a big change to the overall cost and attractiveness of what is on offer. So be sure to consider these when making your comparison. Hopefully you will never need to rely on  your car insurance, but the reality is that most of us do at some point even if not through our own fault. That is why it is important to make sure that you get the most suitable policy for your needs. The insurance market is bewildering, so following our simple steps above will help you know what to look at when you are comparing different car insurance quotes. Why not have a think about them and how you will use them the next time you need to get or renew car insurance?