Don’t just focus on price
Using a price comparison site may prompt you to automatically purchase the cheapest policy. However, the basic monthly or annual premium quoted on the site should not be your only consideration. For insurance purchases, you should also consider things such as:
• The level of insurance cover provided
• The level of the policy excess
• Whether you wish to purchase any add-on insurances offered by the insurance provider
As an example, the lowest cost car insurance policy is unlikely to include perks such as the provision of a replacement hire car should your vehicle be damaged in an accident.
For more complex insurances such as critical illness and private medical, you need to pay close attention to the level of cover offered.
A simple list of prices available from different insurance providers also says nothing about the quality of customer service you can expect.
Never purchase an insurance policy without reading at least the policy summary, to make sure that it is an appropriate purchase for your needs and circumstances. If you are unsure about what a policy offers, then contact the insurance provider directly before deciding whether to purchase.