‘I’m only interested in insurance companies referred to me by my broker,’ might be a line you’re guilty of having uttered at one point or another. But, if this was the case, hopefully you’ve changed your mind.

The problem with centring your search for an insurance broker is the fact that you might be missing out on some great insurance quotes.

The internet makes it possible for you to compare insurance quotes from companies all over the country, and decide on an insurance policy that is right for you. And, if you choose wisely, it might just fit your financial needs as well.

But, if your choice spectrum is suddenly wide open, how do you sort the good insurance companies from the bad ones in order to find your ideal insurance policy? Well, we’ll tell you.

Finding Your Ideal Insurance Company

Here is a list of questions you should ask any insurance company you consider. These will help you determine which companies are the best value for money.

  1. What is the company’s reputation?

The best way to determine whether a particular company is a good one is to ask people in the know. You might start by looking up reviews from past or current clients. It is also possible to check the rating of the insurance company by searching for their rating on the websites of leading rating agencies.

  1. Is the company established?

Many smaller insurance companies try to attract customers with deals that seem too good to be true – and usually are. Make sure any company you choose has the ability to pay out should you need to claim.

  1. How good is the customer service?

Undergoing any kind of asset loss is traumatic enough, without inadequate customer service making stress levels higher. Make sure any company you consider makes the claims process easy and convenient.

  1. What are the premiums like?

Look at the premiums alone and then in context. Examine the cover you actually get for the price of the monthly premiums, and whether that seems like good value to you. Then consider what other companies are charging for similar cover, and whether this changes things in your eyes.

  1. Does the insurer specialise?

Are you able to receive specialised car or household insurance, or does the insurer simply offer one type of cover for everything? Specialised insurance companies care more about the cover they offer, and are more geared towards settling claims.

  1. How is the Company’s Payment Rate?

Of course, choosing between insurance companies is your right. However, it would be a shame to miss out on a great deal because you are focusing on one particular factor, like a referral. If we can give you some wise advice in your search, it is to avoid limiting yourself.

For more on choosing a great insurer that ticks all of the above boxes, make the wise insurance choice and contact iWYZE today!

Image credit: conversation.which.co.uk/money/car-travel-home-insurance-small-print-policy-exclusions/