Categories
Travel Insurance

A guide to renewing your travel insurance policy

Buying an annual travel insurance policy is an excellent choice as you get comprehensive cover for every trip you take throughout the year. Unfortunately, your policy expires at the end of the 365 days, and you have to renew it to get continuous cover. Renewing your policy saves you the stress of having to start another policy from scratch every time your annual cover expires.

Keep reading to learn how you can renew your travel insurance policy.

How to renew your travel insurance policy

You can renew your annual travel insurance policy in two ways:

1. Auto-renew

When you first purchase your travel insurance policy, your provider will ask you whether you’d like them to automatically renew the cover each year. This way, you get hassle-free continuous cover throughout, giving you peace of mind.

Travel insurance auto-renewal is an excellent option as it gives you one less thing to worry about, especially if you’re busy with work, school or family. Similarly, auto-renewal removes the risk of your policy expiring as your annual cover rolls over to another year with no gaps.

A reliable insurer should notify you before the renewal date of your policy, detailing any changes to the premium or the policy terms and conditions.

2. Get in touch to renew your policy

If you don’t choose the auto-renew feature when you initially buy your annual travel insurance policy, you’ll have to renew your policy yourself by getting in touch with your provider. Normally, you don’t have to remember the expiry date by heart as your insurer sends you reminders, informing you when your insurance is due.

They’ll ask you whether you’d like to renew your policy for another year, and you’ll have to respond to get details on policy or price changes. Unfortunately, this can be tasking for many, but it saves you money if you’re not planning on travelling the following year by simply not paying for the renewal.

Additionally, it allows you to shop around for other policies and compare them to yours to see whether you’re getting the best value for your money.

Feel free to use our comparison tools at Compare Insurance today to find your ideal international medical insurance and annual travel insurance policy.

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Categories
Car Insurance

Top tips to find the cheapest car insurance

Car insurance is a significant financial cost each year, however legally you cannot drive a car without holding the required insurance. Although, it is possible to compare quotes to ensure you benefit from the cheapest price for the cover you need.

How much will my car insurance cost?

There are many factors that determine the cost of your car policy, from the type of vehicle you drive and your age to your previous driving history. There are many car insurance providers operating in the UAE, with every company calculating the risk of your cover differently. The cost of your car insurance is personal to you, so it is always worth comparing insurers to find the best deal for your specific requirements.

Do not automatically renew your car insurance

Although it may seem easy to accept the automatic renewal quote from your current car insurance provider, you should never accept the price without comparing other alternatives. The price may end up being the best deal available, however, you will never know unless you compare other providers quotes.

In many cases, when you choose to accept the auto-renewal you end up paying an additional amount for the convenience of this. Over the years, this amount can significantly add up and you could save hundreds by comparing and switching to the cheapest deal every year.

Pay for your insurance annually

When you find the best deal, you will be given the option to pay via monthly instalments or with a single monthly payment. Although monthly payments can be beneficial if you are unable to cover the full cost upfront, you will pay additional interest for the privilege.

Consider multi-car insurance for your household

If your household owns more than one car, you may be able to secure a cheaper quote by insuring every car under a single policy. There are some insurers that will allow you to combine multiple car insurance policies, which is likely to work out cheaper than separate covers.

Increase your excess

If you are willing to pay more of an excess charge in the event of a claim, you may be able to secure lower premiums. However, it is important to ensure that you are able to cover the required excess charge.

Compare car insurance quotes today!

We specialise in helping our customers compare auto insurance quickly and easily. To find out more about securing the best car insurance deals, please contact our team today.

Photo: Free image by Pixabay
Categories
Car Insurance

4 reasons you should compare auto insurance online

If you have recently purchased a new vehicle, or you need to renew existing car insurance, many people believe the easiest thing to do is renew the policy they currently have or choose to use the first insurance company they come across. While this may seem like the most convenient option, if you choose to compare car insurance online instead, you could save a significant amount financially. Below we explore 4 reasons to compare auto insurance online…

1. Car insurance companies frequently change their rates

You may feel confident that a company you have researched in the past have the best insurance rates. Whilst this might have been true at one point, car insurance providers frequently change their rates. For this reason, you should always compare insurance rates online to check and see which company is offering the best deal.

2. New insurance companies are established all the time

If you haven’t compared insurance policies in over six months, you may be surprised to find multiple new insurance companies offering enticing deals. New insurance companies want to build up their client base quickly and can often offer the best insurance policies for this reason.

3. Your credit report may have improved

If you have consistently been paying a mortgage or loan on time, or have been working on keeping a healthier bank balance, you may have successfully improved your credit report. If you were able to improve your credit report, you may be eligible for a better auto insurance policy. For this reason, it is always better to compare insurance rates than to simple renew an existing policy.

4. Your car may have decreased in value

The moment you leave a dealership with a vehicle it decreases in value. Equally, after a few years of owning and regularly driving a vehicle, it will lower in value. If your vehicle is no longer worth the same amount, you should not be paying the same insurance premium. Comparing deals online ensures you are paying the right insurance for your vehicle.

If you live in the UAE, never drive around uninsured and think you could benefit from comparing auto insurance online, visit Compare Insurance today!