It is hard not to view insurance payments as money down the drain, so many of us use price quotes as the deciding factor when we select car, home or household insurance. No one wants to be "taken" on their insurance premiums.
Many consumers come to regret the policies they purchased when it comes time to file a claim with their insurance companies. This is usually when we find out what we've been paying for with our premiums, and more often than not, we find out that we get what we pay for.
With that said, you can find companies that offer both good service and good prices, and the only way to find out who is who is to compare insurance quotes, policies and companies.
It is important to research insurance when you are starting to look for insurance. There are many terms, and practices that you need to be familiar with. There are many sights online that can help you learn about car insurance and the terms, some will even offer online quotes. It is important that you not feel pressured to make a decision on the spot. You may end up calling specific companies for details on options, but before you make the call make sure you know what they are going to be saying to you.
When you start negotiating with the insurance company, you'll hear novel terms and listen to consultants who try to pull fast ones on you. You need to know what will happen when you submit a claim, and what the terms of your policy include. Ask any questions that you need to ask to clarify the policy. Any company that wants your business should be willing and able to explain its policy to your satisfaction.
It is important to understand how insurance companies determine properties. It comes down to your risk level. If your risk levelis high so will be your premium and vice versa.
Several factors influence your risk profile, including, age, gender, place of residence, the value of the item(s) to be insured, your history of claims, the type and amount of cover you want to buy and the risk the item(s) being insured are exposed to. These factors can influence the various types of insurance in different ways, but some have the same effect on each insurance type.
If they exceed the insurance company's requirements, will lower home, household and car insurance premiums,if your place of residence is in a high crime area, your home, household and car insurance premiums will reflect the increased risk of possible theft, burglary or hijacking.Increased security measures.
If you can afford it, consider increasing your excess amounts. Excess refers to the amount you are responsible to pay when you file a claim. All car, home and household policies have minimum excess amounts, but you can raise yours in exchange for lower premiums.
It takes a while to establish your driving record and history with an insurance company. If you are just starting out with insurance you will find that you will not be eligible for discounts. Some insurance companies do offer breaks and rewards to new drivers, I have seen some companies offer incentives to those who have good grades and show signs of responsibility. - 16069
Many consumers come to regret the policies they purchased when it comes time to file a claim with their insurance companies. This is usually when we find out what we've been paying for with our premiums, and more often than not, we find out that we get what we pay for.
With that said, you can find companies that offer both good service and good prices, and the only way to find out who is who is to compare insurance quotes, policies and companies.
It is important to research insurance when you are starting to look for insurance. There are many terms, and practices that you need to be familiar with. There are many sights online that can help you learn about car insurance and the terms, some will even offer online quotes. It is important that you not feel pressured to make a decision on the spot. You may end up calling specific companies for details on options, but before you make the call make sure you know what they are going to be saying to you.
When you start negotiating with the insurance company, you'll hear novel terms and listen to consultants who try to pull fast ones on you. You need to know what will happen when you submit a claim, and what the terms of your policy include. Ask any questions that you need to ask to clarify the policy. Any company that wants your business should be willing and able to explain its policy to your satisfaction.
It is important to understand how insurance companies determine properties. It comes down to your risk level. If your risk levelis high so will be your premium and vice versa.
Several factors influence your risk profile, including, age, gender, place of residence, the value of the item(s) to be insured, your history of claims, the type and amount of cover you want to buy and the risk the item(s) being insured are exposed to. These factors can influence the various types of insurance in different ways, but some have the same effect on each insurance type.
If they exceed the insurance company's requirements, will lower home, household and car insurance premiums,if your place of residence is in a high crime area, your home, household and car insurance premiums will reflect the increased risk of possible theft, burglary or hijacking.Increased security measures.
If you can afford it, consider increasing your excess amounts. Excess refers to the amount you are responsible to pay when you file a claim. All car, home and household policies have minimum excess amounts, but you can raise yours in exchange for lower premiums.
It takes a while to establish your driving record and history with an insurance company. If you are just starting out with insurance you will find that you will not be eligible for discounts. Some insurance companies do offer breaks and rewards to new drivers, I have seen some companies offer incentives to those who have good grades and show signs of responsibility. - 16069
About the Author:
Tom Martens is the syndication coordinator Insurance-south-africa.co.za. South Arica's leading Insurance information portal
