Top tips for changing your insurance provider

Here at Insignia we get plenty of enquiries about moving to us from another insurance provider, but often get the impression that new customers feel the process will be long, complicated and a painful experience all round. Well, we’ve put together a handy list of top tips to help you through the process, and make it as painless as possible! Click here to visit our insurance page and get a quote now.

• Review your insurance annually coverage and prices change frequently.
• Don’t be afraid to compare any existing policy with what’s on the market.
• Remember to quantify the cover you need – be specific – and identify any high valued items.
• Review your existing policy – are you charged a fee? Has the price been reduced? Do you receive a loyalty bonus? Are there any unnecessary add-ons? How does your policy compare with friends’?
• Apply the following test – if you are Single and paying over £100 per year, you should consider shopping around. If you are married and living in Service Families Accommodation and paying anywhere near £200 a year, it’s time to check whether others offer the same prices.
• Be sure the switch is worth it – better price, better benefits, better service, no fees.
• Check the terms and conditions of your current policy, do cancellation penalties apply?
• Make sure you comply with any formal cancellation procedures if cancelling your policy.
• Check how long it will take to have any new policy activated.
• Avoid coverage gaps; validate your new policy before your old one is cancelled.
• Cancel your old policy at the end of a payment cycle so you don’t have to recover any unexpired portion of your paid premium.
• Don’t cancel a direct debit and walk away – if you have a premium finance agreement, it could prove costly as they may charge for missed payments.