Question: Is budget motor insurance a good idea? I am a good driver and am not looking to spend a fortune on my motor insurance. The company seems well respected, but the coverage is fairly low. Any advice?
Answer? Budget motor insurance is fine, but not if it does not provide the coverage you need to protect your assets in case of a claim.
We advise people again and again to look for the lowest price in car insurance, but not at the expense of coverage. You do not want to find yourself in a situation that is going to cost you a lot of out of pocket money just to save a few bucks a month.
We would suggest calling the budget insurance company that offered you the low quote and ask how much it would cost to reach a coverage level you are comfortable with. If they are really offering a less expensive policy then it is likely it will be less expensive at every level of coverage.
Budget motor insurance can be found without compromising coverage levels. Do what you have been doing, but also call companies individually and request a quote. Make it clear to the person you speak to you do not want an estimate, but an actual quote.
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