Getting the best rate on insurance

Insurance is a necessary expense in our lives, if we want to protect our home from fire, theft, floods or damage from weather for example. We need insurance on our cars in case of an accident or theft or fire as well. We need to have insurance on just about anything of value as well as ourselves. Finding the best rates on insurance can be as easy as picking up the phone and calling around for quotes in your neighbourhood.

When you ask for quotes the insurance broker will ask a number of questions that you need to answer in order for a broker to give you an accurate estimate. Some questions they will ask is if you have a car, how many miles or kilometers you will be driving in a year, whether you drive your car to work every day, how old you are and if you have any claims to date.

One of the options that insurance companies has, is that they will quote based on a deductible which is an amount of money you have to pay out of your pocket if you happen to have an insurance claim. Other questions they will ask is things like do you use your home for business, how long you have been living at your residence, how many people are driving your car in addition to youself for example.

One of the best ways to get a great insurance quote is to ask family and friends who their insurance broker is and what they pay annually so you can have some kind of idea what you will be paying. Another way to get a great insurane deal is if you work for a large company or organisation, because they have discounts for employees by sheer number of clients they will offer a better deal than other insurance companies.

Another way to find insurance companies if you are living in canada you find directories online that offer listings to insurance companies such as Ottawa Insurance Companies, Toronto Insurance Companies, and Vancouver Insurance Companies

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This post was written by Noel D'Costa on July 10, 2010

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