The price of insurance can vary greatly but so to can the value of cover you receive.
While there are more and more sites and services which promise to find the cheapest
quote, perhaps the most appropriate analysis should be,'Do you really need the cover?'
In the case of car insurance obviously you do, it is a legal requirement and besides
no matter how careful a driver you are, no one can predict the actions of other
road users. But you can get insurance for just about anything. Celebrities have
various parts of their bodies insured against loss of earnings! Do they really need
to? NO! The fact is that in the unlikely event that Jordan suffers
some catastrophic implant failure, the revenue she would generate from the publicity
would make most of us cringe. More recently, a wine producer insured his nose to
the value of £4,000,000! Now, do you really think in the unfortunate event that
he loses his sense of smell he won't be able to
produce wine?
Martin Lewis the money saving expert
had much to say regarding loan insurance (payment protection). In many cases the
extra premium cost more than it would pay out or was simply included without any
permission being sought.
That said, with items of value or homes to be insured it makes good sense but before
buying into any policy, think through the benefits and costs, if necessary get advice
from a qualified professional. Websites which compare policies may find the best
quote for the criterea you specify from within their list of insurers BUT,
you may find that once this has been determined you could purchase the policy cheaper
directly, or get cash back by purchasing it through one of the sites on our
cash back page!
