Financial information, bargains and cash for older people

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Buying insurance

Insurance policy, premium, quotation, price reductions, switching companies, comparison websites, cheapest insurance deals

As an older person you know that one of the best ways to protect your property and finances is to have good insurance. Today there are various insurance comparison websites that enable you to compare and contrast deals from different insurance companies, which can save you considerable time and effort. If you have never used a price comparison website, give it a go – often you can find much cheaper deals using this method. Five well-known and reputable insurance comparison sites are:

www.confused.com
www.moneysupermarket.com
www.comparethemarket.com
www.insurancewide.com
www.gocompare.com

These websites provide a useful starting point for your research into the best insurance deals on the market. However, you should try several comparison sites as different insurers offer the best deals to different websites, and some of the more well-known sites often have very good deals that you might not be able to obtain direct with the insurance company.

When searching for insurance work out exactly what you need, don’t be tempted to buy unnecessary insurance and make sure that you are covered for everything you require. When you have obtained a quotation find out what extras are included and remove those that you don’t need as your premium could be reduced further. The websites listed above enable you to do this easily.

Also, deals change from year to year, so you can save money by switching your policy on an annual basis, if your policy allows you to do so (some companies include a clause that states that your policy will be renewed automatically, unless you cancel, so you must remember to do this if switching companies). When buying insurance you should note that policies and excess amounts vary considerably, so check all the small print before you buy.