Posts Tagged ‘Insurance Renewal’

Obtain Cheaper Home Insurance By Using An Insurance Comparison Website

Thursday, July 9th, 2009

Have you ever used an insurance comparison website? I would guess that the majority of the readers of this article will have answered yes to this question. I have to say that I think they are fantastic. Why do I think this? Well because they have saved me a massive amount of money over the last few years and they are likely to continue to do so. In this article I will be describing about the way in which I use them.

Now I am not a financial salesman and therefore I am not attempting to sell you anything. I actually run stuttering therapy courses here in the UK and I am also involved in a company that offers an affordable DVD authoring service.

A good example of my use of insurance comparison sites would be the way in which I recently managed to save over £70 on my home insurance. I received the renewal notice in the post at the start of June for my buildings and contents insurance. The amount that they were quoting me was slightly higher than last year but I suppose you have to accept this.

I knew what I was going to do, in any case, whatever the premium had shown; I was going to put in my relevant details into one or two of the insurance comparison websites. I duly did this and low and behold there were three companies who were able to beat my renewal premium. The best quote was in fact £60 cheaper for the same cover.

 

This was not exactly a surprise to me as I have had similar successes on numerous previous occasions. Did I complete the application form for this lower premium? No. Why not? Well I decided to give my current insurer a chance to out bid them! I phoned them and said:

 

“I have received your home insurance renewal quote but have managed to obtain a better quote by using one of those comparison sites. It was seventy pounds lower (a small lie) than what you were quoting. I am phoning you as I would rather keep the insurance with your company as I have been very impressed with the level of customer service that I have received. Are you able to beat or possibly match their premium?”

 

Guess what? They did match it – how cool is that? That is what I call one heck of a result.

 

Now I have decided to instruct a firm of cost reduction consultants in a quest to save even more money.

 Mail this post

Technorati Tags: Amount Of Money, Application Form, Buildings And Contents, buildings and contents insurance, Buildings Insurance, Dvd Authoring, Guess, Home Insurance, insurance, Insurance Company, Insurance Comparison, insurance comparison websites, insurance quote, Insurance Renewal, Insurer, Occasions, Relevant Details, renewal notice, renewal premium, Seventy Pounds, Successes, Surprise

Comparing Cheap Car Insurance Quotes at Renewal Time

Thursday, July 2nd, 2009

Many people may be surprised at how much money they could be saving by taking a little time to compare cheap car insurance quotes before purchasing a policy. Rather than simply renewing your car insurance every term, you should compare the quote from your insurance renewal offer with cheap car insurance quotes from other insurers. It’s not uncommon for some companies to be remarkably less expensive than others, and therefore, saving you hundreds of dollars per year.

There are two specific reasons that some insurers may offer better rates. The first is that car insurance companies use many different methods for determining how much they should charge according to risk factors; this is information about a person that makes them more of a risk to insure than others. For example, a 21-year-old driver who owns a high performance sports car presents a higher risk than an experienced, 40-year-old driving a family sedan. The higher the perceived risk a driver presents to a car insurance company, the higher the premium will be. Different insurers place different emphasis on certain risk factors, which means, given the same information, one company may provide cheaper premiums than another.

Another reason cheap car insurance quotes from one company may be cheaper than a person’s current insurance provider is due to pricing techniques used by many car insurers. Companies are aware, from research, that most people automatically renew their car insurance policies with the same company each year rather than shop around for something less expensive. Based on this research, some companies may not change the premium much from what it was the previous term, even if the customer hasn’t had any tickets or accidents, and could receive a better premium elsewhere. Basically, the insurance provider is counting on people not comparing their car insurance quotes.

For people who are looking to save as much as they can on car insurance, it is certainly worth their time to compare cheap car insurance quotes from a few different insurers before renewing their existing policy.

 Mail this post

Technorati Tags: Accidents, Car Insurance Companies, Car Insurance Company, Car Insurance Policies, car insurance quotes, Car Insurers, Car Quotes, cheap car insurance, Cheap Car Insurance Quotes, Cheap Insurance, High Performance Sports, How Much Money, insurance, Insurance Provider, Insurance Renewal, Little Time, Premiums, Quote Insurance, Renewal Time, Specialist Car Insurance Classic Car Insurance Compare Car Insurance Cheap Car Insurance Quotes Sports Car Insurance, Sports Car

Can You Cut Your Car Insurance Costs by Up To 50%?

Monday, June 1st, 2009

Year after year I was one of those people who just paid for my auto insurance automatically without even considering the rising costs. It makes me mad to think about how much money I’ve paid out over the years… this is why I want to show you a fast way to potentially save hundreds of dollars on your annual auto insurance costs and to let you in on a SECRET that your insurance company doesn’t want you to learn. Using this simple but potent method has enabled me to ‘Half’ my annual car insurance bill and you could quickly do the same.

When I first stated applying this technique I was astounded and confused why some car Insurance companies were so much less than my regular insurance provider for the same level of cover.  I even contacted my old insurance company to question how come, naturally, they wouldn’t give me a reasonable answer… Then it suddenly hit me!

Have you also seen this… Your car insurance renewal costs rise every year even if you have never claimed. Statistically speaking the longer you are with an insurance company and have not made a claim the less risk you should present to the company and so your insurance costs should, in theory, be LESS every year.  It appears that insurance companies only apply statistics when it helps to increase the risk and make the insurance cost more expensive. 

Imagine if you could really SLASH your yearly insurance costs. What could you do with that extra money? For me the extra savings goes towards our family vacation and believe me it’s a significant contribution.  We actually managed to slash the insurance costs of both our cars which amounts to a tidy sum.  I have to admit it’s quite a smug situation lieing on a relaxing sunny beach watching the kids playing in the sand knowing that my insurance company has covered a tidy portion of the cost of our vacation.

Going back to what  I mentioned previously about my original insurance company not willing to give me an answer for why my insurance costs were growing instead of reducing. It’s not that they couldn’t give me an answer; it’s more like they didn’t want me to know the actual reason. 

This is what I had discovered… Insurance companies are constantly looking for NEW motorists, their main goal is on obtaining a greater  slice of the market at almost any cost in an attempt to beat the other insurance providers, and they go to great lengths to get NEW customers.  They even go as far as giving massive discounts to NEW clients, discounts they would never normally give to their regular clients.  This is why YOUR bills rise every year rather than go down, you are covering the costs of the discounts passed on to NEW customers.  Maybe that make you irate?  I’m sorry if it does it was not my aim to get you all worked up.  I just want you to realize what was happeneing and to understand why your insurance bills are continually growing.  The great news is that you can now start to take advantage of those special discounts and get the best auto insurance rates, just as I have done and you could save massively on your auto insurance renewal costs.

The secret to acquiring low cost auto insurance is to beat the insurance companies at their own game.  Each time you need to renew your auto insurance you need to put yourself out there as a potential NEW client and attract the lowest auto car insurance quotes available.  It may take a little extra work, but there are web sites out there that make it easy to get the top offers.

Now you know the secret you should never have to pay over the odds for motoring insurance cover again.

Get Low Cost Auto Insurance Quotes At http://www.insurance-quotes-auto.com

 Mail this post

Technorati Tags: Auto Insurance Costs, Car Insurance Bill, Car Insurance Companies, Cars, Company Insurance, Extra Money, Family Vacation, How Much Money, insurance, Insurance Company, Insurance Cost, Insurance Provider, Insurance Renewal, Lieing, low cost auto insurance, Playing In The Sand, Potent Method, Risk, Statistics, Sunny Beach, Tidy Sum