Can you save money by changing your insurance company?
We have been told if we want to save money on our home insurance is to not accept our renewal quote from our current insurer but to ‘shop’ around and get quotes from rival insurers. But when you consider the cheapest policy may not offer you the appropriate level of cover you need can you actually save money by changing insurance companies and is it actually worth the hassle?
Since the advent of the internet you can get instant buildings insurance quotes and contents insurance quotes basically at a click of a mouse. However original quotes that flash up on your screen showing huge discounts on what you have been quoted by your current insurer may not be as good as they seem. All policies vary; some insurers include some things in their quotes other add it on as extra.
It’s important to remember that before you confirm a new home insurance policy with a new insurer that you are getting the level of cover you require. Like all policies it is imperative that you read the small print so you know what you are covered for and what you are not. You can find that some quotes seem cheaper because they are not providing the same level of cover you now have or you may have to pay more excess than what you will have to pay with your current insurer.
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