Quick Advice on Finding a New Motor Insurance Company
If you are new to researching automobile insurance policies, you may be shocked at the prices, as well as the options available. Insurance companies actually want you to be overwhelmed, so that you will just take their advice and purchase what is in their own best interest – rather than in yours. Do not let this happen. Become a savvy, informed consumer yourself and pay lower prices because of it. Read some tips here on getting the best bang for your insurance buck.
The first and best thing you can do for yourself in order to get the lowest insurance prices is to research what is available. Never just go for the first, or even second, quote that you get, because prices can vary greatly between companies. Find out who offers policies in your area, then compare features, making sure to compare “apples to apples”. Make a list of exactly how much coverage you need for each policy benefit, then ask for quotes with the exact same figures with each insurance provider. Many companies will give you a “blanket quote” for full coverage, but the payouts may range considerably. Always ask.
So, for example, if you live in a particularly dry region, insuring your car, bike, or other vehicle against fire damage might be an important addition to any policy you settle on. Likewise, if your area is prone to heavy rains and storms, protection against flood damage might be a non-negotiable addition to the policy you’ll have your potential insurers quote on.
It is also wise to make sure that you have a good idea of the monthly premiums you can afford, the excess cost you will be able to pay in the event that disaster strikes, and other such sundry concerns.
Applying this forethought before you’ve even fully begun collecting and comparing different quotes means that you won’t be searching blind. Empowering yourself with the knowledge of what you need in advance, means that you’re less likely to be bamboozled by the sales talk of insurers eager to secure your business.
Once you feel like you’ve got a good idea of the specifications of the policy you need for your vehicle, it’s time to start building a list of reputable insurers that might fit your needs.
For this, don’t start with the insurance companies whose television commercials or highway-side billboards you most clearly remember; you’re not looking for the flashiest insurer, necessarily, but the most effective one for your needs. A Google search for something like “best motor insurance in South Africa” is probably your best starting point. Go two to three pages deep into your search results and build a list of 10 to 15 insurers whose websites do not scream “amateur!” This is your starting list – you’ll whittle it down when you begin querying quotes.
And quote comparisons will be the next step in your hunt for the right auto insurance company.
Luckily for you, you live in the digital age and it has never been easier than it is right now to do some insurance quote-mining.
Almost every insurance company worth its salt will provide an online quoting platform – most likely a free service, giving you a pretty good idea of what your eventual policy will cost. Judging according to your existing policy should give you a ballpark figure of how much a reasonably priced insurance solution might set you back and will give you a good idea of which quotes are reasonable, and which are exorbitant.
When comparing quotes, remember that you’re not just comparing prices – what you’re really looking for is the best value for your money. The insurer you want is the one that most effectively balances their service offering and cover options against the cost of their monthly premiums.
You need a policy that fits within your budget and you need it to reliably provide cover that is pertinent to the needs of your lifestyle. There is no point in a policy that saves you money through low-cost premiums, if that policy is going to let you down when you need it most.
Once you have compared quotes and policy options, select the 3-5 best motor insurers from the list you made earlier. These are the companies whose reviews and reputations you’ll be researching in order to find the best fit for your needs.
The last step to take before directly contacting an insurer is to employ online resources, such as hellopeter.com and the insurers’ own social media pages, in an effort to get a feel for the reliability of their service and the satisfaction of their customers.
While you should not be completely dissuaded by one or two negative reviews, the nature of whatever complaints you might find, as well as their frequency, will give you an indication if the insurance company you’re investigating is likely to be a good fit for your car insurance needs.
And that’s it. Following this quick guide will lead you to the insurer of your dreams and the peace of mind that comes from knowing that, if and when disaster strikes, you are covered.