How has your insurance increased this year?

[Aggland]

hmm......... Don't get me wrong - I reckon that the hefty increase in insurance costs is utterly outrageous - but what the various posts on this thread indicate is that it's relatively easy to get lower priced insurance!!

However, most decisions where folk change insurance companies ain't based on comparing apples-with-apples! Fact is that almost always, the lower-price product costs less because the insurance cover is reduced! This invariably gives the car owner a sense of a real saving (a job well done) and in most cases it is a real saving if no claims are made for the situation that was uninsured because of the lower-price product!!

I guess the ONLY good thing about rising insurance costs is that it makes folk think about how they value the insurer's terms and conditions. The bad thing (other than the cost itself) if the necessary research is NOT done before accepting a lower price, is that it can give the car owner a false sense of coverage!!

Moral of the story = "caveat emptor" also applies to car insurance!!

Don

Couldn't agree more, Don! It's crucial to carefully review the terms and conditions of insurance policies, especially when opting for more affordable options. Sometimes what seems like a good deal at first glance can turn into a nightmare when it's time to make a claim.