Do you always go with the cheapest insurance quote?
Have you stopped to think that the cheap premiums are obtained at the expense of lower pay outs and cheap or lower quality repairs?
Do we all buy insurance in the hope that we will never need to use it? Or do we buy insurance in case we need it?
Where do you draw the line. Imagine you get the following quotes for Comprehensive cover, protected no claims bonus and assume windscreen cover and all other benefits are equal unless stated.
£400 - no windscreen cover and £400 excess (aka deductable - US)
£500 - £200 excess and 9000 mile a year limit
£600 - £150 excess
£650 - £100 excess
£700 - £50 excess and breakdown cover
£900 - Nil excess, breakdown, legal cover, european breakdown and homestart cover.
All other quotes from all other insurers range from £900 to £1500 and your premium last year came to £800!
Which one do you go for and why?
Have you stopped to think that the cheap premiums are obtained at the expense of lower pay outs and cheap or lower quality repairs?
Do we all buy insurance in the hope that we will never need to use it? Or do we buy insurance in case we need it?
Where do you draw the line. Imagine you get the following quotes for Comprehensive cover, protected no claims bonus and assume windscreen cover and all other benefits are equal unless stated.
£400 - no windscreen cover and £400 excess (aka deductable - US)
£500 - £200 excess and 9000 mile a year limit
£600 - £150 excess
£650 - £100 excess
£700 - £50 excess and breakdown cover
£900 - Nil excess, breakdown, legal cover, european breakdown and homestart cover.
All other quotes from all other insurers range from £900 to £1500 and your premium last year came to £800!
Which one do you go for and why?