Match the policy to the risk
Health, car, home, travel and life cover protect different things. Do not compare a travel policy with a health policy because both have a low monthly price. Start with the event you are protecting against.
The premium is not the only number
Look at the excess, the co-pay, the annual limit, the sub-limits and the exclusions. A policy with a low premium and a high excess can leave you paying most of a small claim yourself.
Ask whether the excess applies per claim, per year or per condition.
Age, history and location drive the price
Insurers price the risk they see: age, claims history, occupation, vehicle value, property age and location. A quote is personal, so a friend’s premium is not your benchmark.
Annual and monthly are different contracts
A monthly instalment can carry a surcharge or a shorter cancellation window. Compare the total annual cost and the cancellation terms, not the monthly figure alone.
Read the exclusions before the discount
A discount on a policy that excludes the treatment or the driver you need is not a saving. Read the exclusions and the claims procedure before comparing the price.