For certain products, we always search and compare to get the lowest price, a very common practice when we talk about insurance .
People are always guided only by price, in the priority of only looking for competitive prices they do not look at choosing the most suitable insurance, they do not ask themselves the Why are the prices so low? What are they not including to offer such a low price?
Before taking out insurance, we should ask ourselves, what does this insurance include? This is the way to be able to compare the guarantees and deductibles in order to obtain the best insurance on the market or the one that best suits our needs. Knowing what limitations it has and its exclusions, which normally when we talk about a very low price are usually insurances with many exclusions, for example workshop limitation, non-inclusion of windows , etc.
One of the tips we want to give you is to read the terms and conditions . We know that reading the terms and conditions of an insurance policy is a difficult task, but we should all do the exercise to keep in mind what type of policy we are going to take out.
For example, in the case of the vehicle, how to choose a good car insurance?
First of all, we need to be clear about the type of vehicle we have, our age and the date our licence was issued. The price will never be the same for a certain model of vehicle as it is for a novice driver or one who already has years of experience. We also need to be clear about our habits . If we use it often and on long journeys, our car will need extended roadside assistance coverage and if we do not have our own parking and we have to park it on the street, we will need theft and fire coverage.
Below we list the factors to keep in mind:
1. Driving habits
2. Type of vehicle and driving
3. Insurance modality that fits our needs
4. Inform yourself about the deductibles ; the higher the deductible, the cheaper the premium will be.
5. Policy exclusions , some accident cases are not included, find out more.
6. Vehicle extras . Think carefully about whether the extras you want to add to your vehicle are worth it, since they increase the value of the car and therefore also the premium.
7. Keep in mind our accident rate . All companies penalize or reward depending on the result.
8. Find out if they have any offers or promotions .
In short, information is power , always be aware of what you are hiring and decide based on the features and not so much on the price .