Back to blogUpdated · 1 min read

Quote

An insurance quote is an estimate on how much your premium would cost each month for either car, home contents, household or single item insurance.

How long will my car insurance quote remain valid for?

Usually a quote will remain valid for a period of 30 days but it is always best to check with the specific insurer that provided the quote.

How should I buy car insurance?

First you decide what level of cover you need. This could range from full comprehensive cover to third party-only cover. Then, make sure you get a couple of binding quotes from different insurers and also be sure to read reviews on each of them. Finally, compare the quotes and make sure you understand the specifics of the cover and how these vary between the providers. Be on the lookout for the level of your excess, additional excesses, waiting periods or initial activation fees.

How can I switch my insurance?

If you’re switching insurers you will need to cancel your policy with your current insurer. However, the first step would be to find your alternative provider and to get a binding quote from them. Then you need to chat to your current insurer so that you cancel just before your new cover starts. You don’t want to be driving without any cover in place, but you also don’t want to pay double for your insurance.

You might also like

Definitions

Policyholder

A policyholder is the person who bought the insurance policy. They are the owner of the insurance contract and are responsible for paying the premiums on the cover and are the only ones who can make changes to the policy or cancel it.

1 min read
Definitions

Home contents insurance

Home contents insurance covers you against loss or damage to all the stuff in your home that is not a permanent part of the building. It would usually also include personal liability insurance.

1 min read
Definitions

Insurable interest

To have an insurable interest in something means you either own it or would suffer financially if it were damaged, destroyed or stolen. Insurable interest is needed before you can insure an item.

1 min read