Our suggestions on getting
low cost motor insurance cover
While
it's obviously a good thing to save money by avoiding paying more than
you need to, it's also important to understand the nature of the
powerful tools that most use to find these low cost motor insurance
quotes nowadays.
We're referring here to price comparison systems, of course. They can
be seen as meta-brokers. That is, they group together lots of direct
motor insurers and brokers to generate a 'best of' quote that is
several-fold more powerful than the single brokers of old. But, with
this power comes a health warning. The more policies that you compare,
the ever more paired down (relatively speaking) those at the cheap end
become. The cheapest of such policies is likely to make a more
expensive policy further up the scale - that still may be relatively
'no frills' - look like a luxury product.
The consumer that does not take account of this effect and chooses the
cheapest quote will, in most cases, buy an inferior product that is
much better avoided. The only way that policies can be rendered very
cheap is for the cost of an accident to be less for the insurer. That
means the cost is more for the consumer. This starts, but certainly
doesn't finish, with a much higher excess.
While the price comparison site is a good route to low cost motor
insurance, it pays to consider carefully policy features and to find
your own best balance between the price you pay and the cover you get.
If you can't find the policy features information that you need to
determine this on a price comparison site, then check out the insurance
company direct.
Many people, possibly most, while generally aware that car insurance
policies are not created equal, undertake only a cursory assessement of
the cover, allowing price to feature too prominently in their choice.
The more that price comparison sites dominate the market, the more that
car insurance providers need to slash their policies to compete via
these sites and therefore the more caution that needs to be excercised by
the consumer in making their choice.
It is for these kinds of reasons that we advocate at least considering
going direct to top car insurers where quality is better and where a
price guarantee is usual. To compare
car
insurance from some of
these
providers or, indeed, to use a price comparison system, this is a good
starting point. More..
The key message is too always take care to scrutinize policy features
and to not sell yourself short simply to save a few pounds.
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