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Insurance Brokers Online

Why insure ourselves? Often insurance is imposed upon us via legal requirements such as car insurance. The legal requirement to insure your car is a reasonable requirement as it does protect innocent victims of car accidents, but I would argue that insurers take advantage of the legal requirement by making car insurance policy prices unreasonably high. I would argue that the cost for an 18 year old to insure a car in his/her own name is disproportionate bordering on ridiculous. Another insurance policy that, in my view, is exploitive is travel insurance, which seriously penalises people for being over fifty! The profits insurance companies make are grossly inflated, especially when you consider their customers are paying for a service they hope to never have to make use of. It is truly a strange business to be in. However, there are special policies available for the over 50's and over 60's and this is becoming an increasingly competitive area of business. Insurance companies are in business to make money. That is fair enough. But the fact the insurance market makes a lot of money makes it a very competitive market place, which is to our, the customers, benefit. We can actually better control the excessive profit margins insurance companies make by comparing insurance policies regularly and changing insurers regularly. This movement in the market will push prices down as insurance companies seek to increase their market share. But it is important you compare insurance premium prices on more than one compare insurance website as a compare insurance business is limited in effectiveness by the amount of insurers registered. And some insurance companies refuse to register with a compare insurance business because they wish to be more competitive by not paying the compare insurance website business their sizeable cut of YOUR premium payment. However, how do we compare how competitive their premium price is if they are not on a compare website? The answer is we need to get smarter and less trusting and reliant upon the insurer we used last year. By being less lazy and changing insurers regularly we will ensure the insurance companies stay on their toes and have to compete more vigorously for their market share. Being more vigorous means being more competitive and being more competitive will push the price down.

If you are an insurance broker, please feel free to contact Tim Rees with regard advertising on this website. Also this website is available for exclusive use. Please get in touch.

Contact the Tim Rees at email: tim@lifeisart.co.uk