Many households are in for a surprise when they get their home and automobile insurance renewal notices. Unfortunately, the rates are hiked a lot for many policyholders, and they have to scramble to find a solution for it by the time it is due. It really is coming one after another these days. While the utility bills are the main worry, the others aren’t far behind, including food and essential services.
past,careersignIt is hard to blame companies either because they are facing similar challenges. In the past you could go back to your existing carrier and work something out. They would offer a little discount to keep you happy and signed on. This time around, they aren’t playing that ball any more. You will have to look at alternative providers for the cheapest auto insurance quotespeople, you can get. For many people “paying a bit more for a brand you trust” kind of thinking is out the window already.
Comparison Websites vs. Agents
These are the two sources of shopping when it comes to policies. The main problem with agents is that most established brands work for one company as “tied” agents, and they only sell their policies. You can see the problem there right away. It means you only went to one shop to buy the item you needed. There is no price comparison or checking around for better products.
If you can find an independent broker who will search the whole market for you, you may be better served. In any case, they seem to have fallen out of favor with consumers because they prefer websites to face-to-face high street transactions.
Websites that compare home and car insurance are very helpful because they are easy to use and give you the information you need quickly. Motorists surveyed by the Financial Services Authority (the FDA) – reported back their experience on these media. One thing that stood out was that these platforms give users more confidence that they can find a cheaper policy with better coverage from a well-known brand.
Their simple, step-by-step approach helps in getting results. Otherwise, people get bored with things like insurance very quickly and abandon their searches. It is good to know that this process isn’t really difficult or time-consuming and it is actually rewarding. If you spend an hour there and save even $100, it is better than nothing.
What Is the Likely Saving Amount
Another survey shows that people who recently got a few vehicle insurance quotes and switched, saved money 92% of the time. About 14 of them saved more than $200. Considering some people would have to switch because their insurer didn’t offer any renewal terms, it is a pretty good number on both counts. Some households can indeed save as much as 50%.
There are a few factors that affect how much you could save. One of them is how long ago your last search was. People who haven’t checked prices for a long time are likely to save big. People who only did comprehensive home and automobile insurance price comparisons are less likely to save large sums. In any case, it is worth a try, especially when you have two premiums to reduce.
Also, the number of companies you approach for a price will significantly improve your chances of finding a better deal. Once you get the hang of it, you could get at least five quotes before you even consider looking at them. Then the task at hand will be to compare them for price, coverage, and brand. Depending on your budget and circumstances, you make a choice. For example, if you are expecting a claim in the near future, you may want to pay a bit more and get insured by a trusted brand.