Save money by comparing car insurance quotes
A new study has found that every three people out of five who compare car insurance prices and policies before buying a new one for renewal find a better deal. According to an independent research conducted by ‘Which?’, the motorists who spend some time and efforts shopping around can typically save around £58 on the costs car insurance policies.
In this survey, about 30 percent surveyed people admitted that they do not mind sticking with their old insurers at the time of renewing their policies. Rather than performing some research on the comparison websites, they purchase a policy from their existing insurance company.
Chief executive at ‘which?’ said that it may be convenient to renew your car insurance policy with your existing insurer. However, if we look deep into the scene, this is one area where loyalty will fetch no good for you.
This is the reason why shopping around and spending some time for comparison of the car insurance quotes can be very helpful in finding a right deal for you. Car insurance premiums are already soaring high. At this time, unnecessary expenditures can severely affect your household budgets. It is always better to spend your finances wisely and after some detailed research about the policies available to you from different insurance companies.
Motorists must keep their options open. Even if you wan to stay with your existing insurance companies, you can still negotiate for a lower quote that is at par or lower than the market rates. If you are not able strike a deal, you can always switch over to another company in this competitive industry.
The experts also say that a policy must not be purchased based on its cost alone. Many overly cheap policies may not cover your personal bodily injuries or the required legal expenses at the time of a claim.
Article written by the marketing division of Compare.Com.