Buy insurance directly

Aviva has taken the bold step to offer motor insurance directly to the public. Some motorists have found the premium to be much lower than the rates charged by other insurance companies. A few examples have been posted in this blog.

I encourage commuters to use the quotation service available in Aviva's website to compare their premium rate with the premium rate charged by your current insurer. You can get an idea about the difference in premiums. If Aviva is much lower, you can consider to switch to them on the next renewal.

You should also look at the Term Insurance rates that is offered by Avivia. You can select a level or decreasing cover. Please send their quotes for me to make a comparison against the benchmark set in my book, Practical Guide on Financial Planning.

My benchmark is rather high. If you find a premium that is higher than my benchmark, you should avoid it. In most cases, you should be able to get a premium rate that is lower than my benchmark.

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