How to Get Better
Quotes
How to get better insurance quotes
How to get the best quotes
About the insurance websites
About insurance providers
About insurance brokers
Why going direct is not always cheaper
How to get the best quotes
When buying any financial product you need to shop
around for the best quote.
There are hundreds of websites out
there offering insurance quotes
But finding the best ones and applying to their different
application forms could take you hours.
Various insurance
comparison websites have emerged recently. These operate on
the basis that you enter your details once and they do the searching
for you. The good thing is that they save you time and effort.
Not so good is that they aren't able to cater for
anyone who is out of the ordinary. Plus they only deal with a limited
number of insurers. Read more about these here
So you still need to shop around
Always compare at least three
quotes before buying.
First, check our quick insurance
buying tips?
About the insurance websites
About insurance providers
About insurance brokers
Why going direct is not always cheaper
About the insurance websites
Besides the insurance
comparison websites the websites you'll come across either belong
to the insurance providers (ie the big household
names who actually insure you) or to insurance brokers
(ie the middlemen who arrange your insurance with the providers
on your behalf).
The problem is they vary greatly in quality and price.
To research them all could take you several hours.
To make it more confusing, you'd think that going
direct to the providers would guarantee a cheaper
deal than going via a broker.
Wrong. Brokers are often cheaper. Why?
Bear in mind that - like any retail business - these
firms will have "loss leaders" ie good deals to draw you in as well
as overpriced products that make them the most money.
See insurance
buying tips about getting at least three quotes.
Read on...
About insurance providers
About insurance brokers
Why going direct is not always cheaper
About insurance providers
Insurance providers are the companies
who actually provide the insurance.
They're often the household names you've already heard
of - thanks to their huge advertising budgets.
The problem is someone's got to pay for all those
TV ads.
The providers thought long and hard about this one
and came up with the mind boggling solution. The costs are passed
on to you, the punter, in the form of increased
premiums.
Read on...
About insurance brokers
Why going direct is not always cheaper
About insurance brokers
Insurance brokers are middlemen between
you and the providers.
The reason they're useful to you is that they know
who has the best policies at the best price.
In other words going through a middle man (or woman!)
for insurance can save you money.
Read on...
Why going direct is not always cheaper
Why Going Direct to the big insurers is not always cheaper
You'd think that if you went to the big providers
direct it would be cheaper - because you'd be cutting out the middle
man.
Not so. If you go direct they usually charge you the
full commission they'd normally pay the middle man and just keep
it as profit.
In fact if you go to the insurer direct it could cost
you even more than going through the broker.
This is because the websites we link you to sometimes
"discount" a percentage of their commission.
This reduces your premium further so you pay much
less than if you get the same policy through a normal high street
broker or direct from the insurer.
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