If you are in the market for insurance, any kind of insurance, it makes sense to shop around. However, while doing so it is wise it is not that easy to do. You need to bear in mind that insurance quotes can be misleading.
It is usually not that the insurance companies have deliberately set out to mislead you. Most of the time it is simply that they do not spoon-fed you when it comes to explaining exactly what their quote covers. This means that you need to take a bit of time to double check exactly what the quote in front of you covers you for and what it does not.
Getting together some quotes
Take the time to work out the level of cover you need before asking for quotes. You need to use exactly the same information when you apply for a quote from each company. If you do that, you can be sure that you are comparing like for like information.
Narrowing down what your insurance quotes
Do not go mad and get hundreds of insurance quotes. Even using price comparison sites getting that level of quotes will take too long. Ten quotes are more than enough.
Once you have all of the quotes in front of you start by discarding the most expensive ones, but hang on to them for a while. Just examine the cheapest three or four insurance quotes in detail. Read through the terms and conditions to make sure that the cover offered is adequate. Bear in mind that just because you have asked for a level of coverage does not mean that the quote provided covers your request. For example, if you want a low excess make sure that is what you have actually been quoted for. Never assume that the company or broker has done what you requested. Should you find that none of the quotes provides an adequate level of coverage just pick the next cheapest quote and look at that in detail.
Whittling the best quotes down
If you want, offer other companies the chance to beat your lowest quote, but bear in mind that if you do so you will have to go through the checking process again. Another way to get a further discount is to ask the firm that gave you the best quote. It is surprising how often a firm will say yes to a request for a discount. This is especially the case if you are a new client for that firm.
If you have more than one vehicle in your household mention that too when asking for a discount. This can sometimes sway the agent and they may be more likely to offer you a percentage off their original quote. However, you may only be able to secure a further discount if you actually agree to insure both vehicles with them.
Double-check the final policy
As an extra precaution check the policy when you get it to make sure that all of the coverage agreed upon has been included.