Sunday 22 October 2017

How to shop for insurance quotes

If you get a good quote from one company it is often worth checking if your existing insurer is prepared to match it or do better, in order to keep your businessQ Broker or direct:

The two main ways to buy insurance are directly from an insurance company or through a broker. The premium for an identical policy with the same company may be different, depending on whether you buy it directly from the company or through a broker. Brokers may have special deals or may be able to provide a quotation from a specialist insurer in Ireland or Europe.

Q TELEPHONE OR ONLINE:

You can get quotations online or by telephone but you may get special rates if you buy insurance online as the costs to arrange it can be lower.

Q BARGAIN AND HAGGLE:

When you are shopping around for insurance, don't forget to bargain. If you get a good quote from one company it is often work checking if your existing insurer is prepared to match it or do better, in order to keep your business.

Q INSTALMENTS:

Take note of exactly how much extra you are paying if you decide to pay your insurance by instalments. By law, you must be told the cost of credit and the APR.

Q CONSIDER GROUP SCHEMES:

If you are part of a group insurance scheme, through your job or other associations, you may be able to get better value than as an individual.

Irish Independent

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