Getting a new insurance policy has always been seen as a tedious process. You have plenty of options to choose from, documents to read and understand, and a lot of other hoops to jump through before you end up with a policy that suits you well. Even when you do your homework thoroughly, you can still miss one or two points and don’t always get the full insurance coverage you need.
Buying insurance in 2020, however, is a lot simpler. Insurance companies are becoming more transparent due to the higher market saturation. There are more tools and resources to use when searching for insurance options too. On top of that, you have these 3 tips and tricks to help you find the best insurance deals in 2020.
A lot of insurance options are marketed as offering general coverage. In some cases, your policy can provide coverage against a wide range of risks. For instance, your car insurance policy may also cover risks associated with the car being used for commercial purposes, such as when you use the car for ride-sharing or mini-cabbing.
Getting an insurance policy that does everything may seem like a good idea at first, but the best way to maximise the benefits you get for the premium you pay is by getting a specific insurance policy. If you want to buy insurance for a van that you use for commercial purposes, for instance, your best bet is finding the right van insurance quote from a reputable company.
Search and Compare
Going for the first insurance deal you come across is still not a good idea. You often get insurance bundled with deals like financing or being offered as a bonus, but that doesn’t mean you automatically have the best deal on the market. Doing your own search and comparing insurance offers is still important.
Fortunately, you can now rely on comparison platforms like Quotezone.co.uk for the best insurance quotes. Rather than contacting the insurance companies directly for a van insurance quote, the best quotes can now be found at Quotezone.co.uk through a simple search. You can even find specific insurance deals, compare your options directly, earn discounts and find special offers on the insurance you need.
Ask for Discounts
Speaking of earning discounts, you also want to make sure that you get the best deal possible for the insurance you need, and the way to do that is by, well, asking. All you need to do is ask. When you receive a quote from an insurance company, ask for additional discounts – mentioning that you are comparing insurance deals help too.
You can earn discounts through other means too, including by improving your credit score, buying insurance in bulk (i.e. from the same insurance company) and by meeting specific requirements to help lower your risk factor. Don’t be surprised to find that these steps can help lower your insurance premium by as much as 60%.
These 3 tips are still very relevant in today’s insurance market. The next time you go out in search of an insurance policy, make sure you search specific policies, take the time to compare options, and go the extra mile to get your insurance premium reduced significantly.