Written by Karen Bryan
Are you shopping around and comparing insurance quotes to find the best deals? Most of us have several insurance policies, e.g. car, household and travel. Therefore, getting the lowest prices for all your policies can save you a few hundred pounds per year. It’s one of my money tips in our “Cut Spending by 10% Challenge”.
Now I hear some groans along the lines of “I’ve got better things to do with my free time than search through insurance quotes”. Although it’s now much easier to do the legwork on insurance price comparison sites, my money tip is to put in a bit more effort to make sure that you do indded get the best deal, in terms of both price and quality of cover.
Getting motor insurance online can be quite complex once you start to vary the level of excesses and add other options such as no claims protection, legal cover and breakdown cover. Although you can just get a quick car insurance quote, I do think that it’s worth playing around with a few options, e.g. it may be just a few more pounds to proect your no claims bonus, which could save you a lot of money if you do have to make a claim, when you go to renew your policy the following year.
If you’re a homeowner, it’s usually cheaper to have your buildings and contents cover with the same provider. Some companies offer new customers half price cover for the first year, others offer free extras such as travel insurance with their premium cover. If you have some cheaper quotes and you’re happy with your current insurance, you can ask them if they’ll price match the cheapest quote on a like for like basis. I saved £48 on our home insurance by doing this last year.
Not having travel insurance is just plain silly. If you take more than two trips abroad a year, it’ll probably be cheaper to buy an annual poolicy. I find that the insurance quotes on most of the low cost airlines sites aren’t that competitive. Although it’s convenient to buy travel insurance at the same time as your flight, you could save a bundle by spending a few minutes doing some research to find a cheaper policy.