If you’ve ever looked into obtaining a car insurance quote before then you know it’s a lengthy process. If you haven’t, you’re in for a treat.
Car insurance is essential for peace of mind, but shopping around for it can be anything but peaceful. Between trying to figure out how much cover you need and searching for the best deal, you can wear yourself out before you ever obtain a quote.
Of course, if you come prepared, it’s a different story. We’ve put together these 5 tips to help you find and choose a car insurance quote with ease.
Step 1: Shortlist Insurance Companies
There’s no shortage of companies out there who can give you a car insurance quote but there’s not enough hours in the day to go through that process! Start by asking your friends and family if they’re happy with their current car insurer, and if so, add them to your list. Also try to think of any companies that may have struck a chord with you in the past, whether it was their brand messaging or point of difference. Once you’ve compiled a long list, visit their websites and start to narrow down the ones that appeal to you most. Look for things like the company’s values, claiming process and customer satisfaction to ensure you will be in good hands if you do choose to sign up with them.
Bottom line: Save yourself time by only researching insurance companies that you feel comfortable with.
Step 2: Don’t be tempted by cheap quotes
Once you have comnpared a variety of car insurance quotes from different providers, you may be tempted to choose the cheapest option but be wary – Just because the cheapest price is best for your back pocket, it doesn’t mean it’s the best for you.
Cheaper policies may not include certain extras like replacement cars, roadside assistance or legal protection. They may also have an inflated excess which means you’ll end up paying more out of pocket in the event of a claim.
Bottom line: Make sure you’re happy with everything included in your policy, not just the price.
Step 3: Don’t let anyone make assumptions about you
Although you are a unique person and there’s only one of you in this world, many insurance companies don’t see it that way. Unfortunately, too many insurers these days make assumptions about how you use or don’t use your car, which could result in you paying more for your premium. Ring a few insurers that you are interested in and ask them upfront if they make any assumptions about your driving. Think of what your particular driving behaviours are and ask them if they would result in lower or higher premiums. For example, at Youi, if you; commute, work from home, only drive a short distance, are retired or are a stay at home parent, you could save lots on your car insurance.
Bottom line: You’re unique and your premium should be too. Don’t let an insurer make assumptions.
Step 4: Think about how you’d like to pay
So you found a car insurance quote that you’re happy with and you’re ready to pay the price – but how?
Some companies will give you a discount if you pay for your premium upfront, which is a good choice if you can afford it. Monthly payments are another option and these can often be set up by direct debits. If you choose to go this route, take some time to plan out the best possible direct debit arrangement to ensure you won’t incur any late fees. Also ask if the insurer has a grace period in case you do miss a payment.
Bottom line: Some forward planning will help you keep on track of your car insurance payments.
Step 5: Read your PDS
It’s been a long journey obtaining car insurance quotes and selecting your new insurer, but the fun has only just begun. Before you sign the dotted line for your new policy, be sure to read the PDS which will outline important information about your policy including insured events, claim limits, exclusions, discounts, benefits and claims processes.
Bottom line: Know exactly what you're covered for, and what to expect from your insurer so there are no suprises down the track.
Ready to find your perfect policy? Start a car insurance quote with us.