Motor insurance is one of the fixed expenses that most families have to face at least once a year, when such a charge is not split up over the year. Unfortunately not all families have the sensitivity to analyze the cost of auto insurance and research the market for better opportunities to save money on auto insurance.
It is not understandable how such a charge can be overlooked by most car insurance customers, completely forgetting the potential savings present in car insurance. Fortunately the internet nowadays allows a generalized access to insurance simulators, and most insurers have been simplifying their simulators to satisfy a wider range of potential clients.
There are no gains without work and if the internet facilitates part of the work, the field work continues to have good indicators of savings. Ask for several simulations for your car insurance does not cost you any money, other than the search. This simple market prospecting can represent a saving of a few euros. If you think about it, € 5 a month represents € 60 a year…
Negotiate your Insurance Portfolio
All insurers are in the market to maximize their profits and period. Auto insurance is still a relatively profitable product for insurers, however, the vast majority of other insurances are much more appealing because of reduced claims and consequent attractive profitability.
If you play by insurance, you must have more than one insurance policy, such as for example, home insurance, personal accident insurance, life insurance, among others. Trading changes tone whenever a customer presents himself with an insurance portfolio and wants the best price for the overall portfolio where auto insurance is included. So, negotiate insurance portfolios and look for the best premium for all insurance. Whoever offers the best prize, will have the all insurance.
Do not Exaggerate in Coverages
There are essential toppings, but there are others that do not have great applicability. If, by chance, you do not want your own damage insurance, the well-known insurance against all risks, then, evaluate the coverage of your car insurance. As a general rule, liability cover, driver and occupants and, in some cases, glass breakage is sufficient. Analyze your coverages.
Search for Additional Advantages
Insurers have been making car insurance more attractive to the market by adding other benefits and benefits to everyone who chooses to take insurance from them. This procedure is a reflection of the rigidity of prices, that is, the premiums in the various insurers are similar which is not attractive for the insurance client to switch insurer. Thus, they created benefits so that the benefit was the attraction and not the price of insurance.
The truth is that many of these benefits represent money that can be assimilated as savings in car insurance premium. As you can see, this insurance, although mandatory, is no longer as competitive as it was previously with insurers. However, it is always worth looking for better opportunities and saving money on this demand.
The important thing is not to forget that insurance is to evaluate, year after year, always looking for the best prices and not to be forgotten as it is very usual to happen. If you liked this article why not subscribe to our newsletter to be privy to our tricks and tips? Sign up for our free online personal finance course (left box) and start saving money!