Why it’s cheaper than it looks.

A huge number of new insurance providers are currently triggering a price war, so the best policies are cheaper than ever. As well as banks, building societies and insurance companies you can now get cover from supermarkets, the Post Office and a host of specialist providers. You can also use several online services to shop around for you. The best of these services will examine several hundred policies – the Money Shop at the Mail on Sunday’s www.thisismoney.co.uk has details of more than 450 on its database. Rival researchers at moneysupermarket.com reckon they can shave £92.90 off the typical cost a family of four would pay for an annual policy by shopping around. When you compare the results of these kinds of searches with the details of a typical claim you will see how good a deal you get. More Than, for example, says its typical claim is for more than £700. But its premiums begin at just £8.93 for a week’s cover in Europe.