There are many types of insurance that are required to help safeguard us against unexpected events, and in the main, insurance policies do not come cheap. Perhaps you have car insurance or home insurance, and you might also require travel insurance if you holiday overseas and many people have some form of health insurance too. With all of the these types of insurances, there is one thing in common; you can shop around to get the lowest price.
It's good to have insurance for unforeseen events Image: Melodi2, Morguefile
How to Shop Around
You can ask your friends for recommendations and then get a few different quotes based on your own circumstances and go with the quote that gives you the most value for money .
Use a comparison website such as iSelect or Compare the market where you can type in your details and let the website compare a number of policies for you, taking out a lot of the leg work.
Shop around for your insurance every year as even if you get a great price on your car insurance one year with your provider, it might not be competitive a year later.
Look for insurance providers who say that they can beat your current quote by a certain amount and get them to provide you with their best quote. If they provide a guarantee of beating your best quote, then you'll be on to a great deal.
Some leading supermarkets offer competitive insurance plans where they will guarantee to beat your existing quote and will offer you joining bonuses such as extra points on your store loyalty cards etc. Look out for special offers as these can provide an extra incentive to change.