In Australia there are heaps of car insurance companies and it seems like a new one pops up every six months or so – in fact, my last count was 83 companies offering car insurance. So how on earth do you filter through these companies to work out which one could be best for you or which ones you should get a quote for? Each quote takes time and you most likely don't have time to get 83 quotes in order to get the cheapest policy that meets your requirements. Here are a few tips to make it easier to you to choose the right car insurance company.
Make sure you get a company with good customer service
Good customer is service is very important in my books, especially when making a claim which is the where most of the customer complaints come from. There are a few websites in Australia which provide users with the opportunity to rate each company and leave feedback. Scouring through a few of these websites will quickly give you an indication of whether a car insurance company has a good reputation for customer service and will let you avoid the companies with bad rating and reviews.
Another thing you should look out for in regards to a company's rating is who is providing that rating or feedback. There are insurance and financial rating companies but to be honest I don't think they always offer accurate ratings. The best way to get a proper picture is to read through the forums and websites for what real people think.
Price can vary by thousands for the same policy so ensure you shop around
That's right. The exact same quote can come out at over $ 1000 difference which means if you don't shop around then you could pay way too much for your car insurance. The key to comparing insurance prices is making sure you get quotes from more than 1 underwriter. The underwriter is not always the brand or face of the insurance company. The underwriter is the company that determines the risk and thus the price of your insurance policy. So if you get a quote from two companies which are underwritten by the same insurer then you are not comparing at all. This is a common trick many comparison websites use – it appears you are getting 5-7 different insurance quotes but in fact all are underwritten and often owned by the same insurer so just double check the underwriter of each policy before you take it as a given you are doing a proper comparison and getting the cheapest car insurance out there.
Getting car insurance and choosing the right company is not too hard when you know what to do. Yes, there are +83 car insurance companies in Australia but don't be worry – you can quickly filter almost 75% of them out by following the two tips above.
