How to Compare Insurance Quotes

Nobody likes to think about comparing insurance quotes. Many people find it too big of a hassle and don’t even bother to try. Others will just sign up through whatever provider their family has even if they aren’t getting the best deal possible.

In the long run this is probably going to cost you a lot of money, especially if the plan you have isn’t very good. Even though it does take a lot of time, comparing insurance quotes is a necessary part of finding an insurance that’s right for you. Each type of insurance is different, and you have to compare it in a separate way to get the most accurate results.

The first insurance that you’ll encounter is car insurance. The first big decision that you’ll have to make is whether you should get full coverage or just collision. If you have an older car then it will be more cost effective just to get collision as you’ll probably have paid for the value of your car if you get full. It’s also important that you find out if there are any courses that you can take or other little things you can do to get special discounts. For example if you’re a student you can get a discount for having above a 3.0 GPA every semester. Most insurance companies now do this. Finally you’ll also want to be looking out for the tier of coverage that you’re being quoted for. The tier of coverage will be based on two numbers such as $25,000/$50,000 or $250,000/$500,000. While there are many tiers of coverage you’ll want to make sure that each company is giving you the quote on the same tier.

Some places that you may want to rent from may require renter’s insurance. While not all places require it, it might be an investment that you want to make. Renter’s insurance is one of the least expensive insurances out there. You should be able to find a deal for around $100 for a whole year. This will allow you to cover up to $13,000 in property damage. For many renters this amount is more than the cost of their items and is therefore very effective.

Health insurance is probably the most confusing of all insurances. There are many different types of plans and some are combined with each other. For the majority of cases you can get an 80/20 plan or a plan that pays 100% after a certain deductible. An 80/20 plan lets you pay 20% of all of your medical bills, but this can still be thousands if you have to have a surgery. If you choose to use a deductible you have to pay up to a certain amount and then the insurance company will pay the rest.

This leaves you to pay for all of your doctor visits and other small costs. Sometimes a dental plan is included, and other times it is not. Many times people get health insurance through their company, but the coverage may not be what you want. Make sure you fully understand all of the terms and conditions for each insurance company before trying to compare prices.

Graham McKenzie is the syndication coordinator for a leading South African Insurance comparison portal, which includes the top insures like 1st For Women Insurance.