We have decided to write a series of blog post under the title “Finding Car Insurance”. In doing so we need to recognize that not all those interested in finding car insurance are new to the market. Most of our readers will be existing policyholders in search of a better insurance product for their specific needs!
Switching car Insurance made easy
Car insurers have confirmed that they are in a constant battle, not only to gain market share and attract more clients, but also to hold on to existing clients. There are many more competitors in the highly competitive car insurance industry since the start of the internet era – and consumers are constantly targeted by marketing campaigns inviting them to switch their car insurance profile to a new provider.
Insurance aggregators and comparison websites have made this process rather easy. You can find a new provider with the click of a button or a simple telephone call! Vehicle owners/ Car Insurance policyholders have a right to financial freedom and the right to make their own financial decisions – and hence also the right to switch policies at their discretion! They are exercising this right more and more!!
Why would you want to switch between car insurance providers?
This might appear at first glance to be a rather silly question – but there are in fact many reasons why people would consider switching car insurance providers. These could include the following:
- A unhappy consumer experience – dissatisfaction with your current insurer
- Sharp increases in insurance premiums from your existing provider
- Life changes such as marriage, divorce or changes in occupation that changes the dynamics of your insurance profile and needs.
- You might qualify for a group discount from the insurer of a new employer
- Changes in vehicles or additional vehicles to be added with special benefits offered by another provider.
- You find a better policy from a new insurer catering for your specific needs.
- Specialized offerings to meet your needs for i.e. a sports car etc
As can be seen from some of these examples – there are a multitude of reasons why it could simply be better for someone to switch between insurers. It need not be a case of simply hopping around between insurers – there are many good reasons for considering such a change.
A good example might be the rather new product of Pay As You Drive Car Insurance. This was not available to most consumers a decade earlier – and now offers unique savings for those who do not travel much. For elderly road users who have retired, this is the perfect product to avoid increased car insurance premiums based on their age – and to pay a fair insurance premium for the distances that they travel!
Conclusion and Advice
If you are not happy with your car insurance provider – you SHOULD consider switching your car insurance! There are simply too many credible providers and quality products to be unhappy and loyal to a car insurer not meeting your needs on product and service delivery!
We would like to advise that policyholders regularly scrutinize their insurance profiles and policies. The insurance industry is highly competitive and there are many opportunities. Even if you do not switch from providers – it is well worth the effort to gain comparative pricing and to find more information on the products in the market!
The consumer however needs to be cautious and put in some effort before performing such a switch. You will need to make sure that the switch is indeed a switch to the better – and that you do so in the correct manner.
We will discuss the process of how to switch car insurance in a bit more detail and advise on how to do this correctly! Caution is required to avoid coverage gaps and to avoid unnecessary additional expenses.