How to compare insurers: a complete guide to favourable insurance

Choosing car insurance is certainly an important step for every car owner. Compulsory CMTPL insurance, as well as voluntary CASCO insurance, protect against financial risks. But how to find the most favourable option? Comparison of insurers may seem complicated. However, if you know the basic criteria and use modern tools, you can find the best offer. In this article, we will tell you in detail how to make a proper comparison of insurance companies. We will also give practical advice on choosing an insurer.

1. Factors affecting the cost of insurance

The price of a policy is certainly not a random number. It depends on many factors. It is important to understand which ones you can control.

Driver and car

The cost of MTPL and CASCO are, of course, affected:

Driver's age and length of service. Drivers under 25 with little experience usually pay more as they are statistically more likely to be involved in accidents.
Driving History. The accident-free driving coefficient (EFD) directly affects the price. The lower it is, the cheaper the insurance.
Engine power. The more powerful the vehicle, the higher the tariff.
Region of registration. For large cities, the ratios are certainly higher.

Understanding these factors will help you better prepare for the insurer comparison.

2. How to compare insurers online

The most effective way to find cheap insurance is, of course, to use online aggregators. These services essentially collect offers from different insurance companies. They then display them in a convenient format.

Step-by-step instructions

Data Filling. Enter your vehicle and driver information.
Obtaining Proposals. The service will show you a list of insurance companies with prices.
A study of conditions. Pay attention to more than just the price. Also study the terms and conditions. For example, deductible, list of insured events, etc.
Policy issuance. You can apply for a policy online. It will be sent to your mailbox.

Using such services saves time. In addition, it certainly helps to make the right choice.

3. what else to look for when choosing

Cheap insurance is certainly a good thing. However, the reliability of the insurer is also very important.

Ratings and reviews

Before buying a policy, study the rating of insurance companies. Pay attention to their financial stability. Read customer reviews. Many insurance companies have a high rating. But some of them, of course, do not show themselves very well in the case of payments.

Comparison of insurers by terms and conditions

Service Support. How quickly does tech support respond? How quickly are applications processed?
Renovation. Where and how will the repair be carried out? At the dealer or at a service station?

Inexpensive insurance from an unreliable company can be a big problem in the event of an accident.

4. Popular insurance companies

There are certainly many insurance companies on the Russian market. Prominent among them are:

"AlfaStrakhovanie
"Rosgosstrakh"
VSK IJSC
"RESO-Guarantee
"Ingosstrakh
"SOGAZ

These companies, of course, have high reliability ratings. They also offer a variety of products. This is certainly a good choice for insurer comparisons.

Conclusion

Comparison of insurers - is definitely the key to favourable and reliable insurance. Use online services. Study ratings and reviews. And, of course, do not forget that the cheapest insurance is not always the best. By following our tips, you'll be able to find the best deal. And you'll be able to enjoy every journey.