Insurance: how to compare policies and not overpay
A policy is not just a price
Policies with the same name can protect against different things. So in insurance it pays to compare the cover: against which risks, up to what amount, with what deductible (the part of a loss you pay yourself), and what is excluded. A cheap policy can sometimes mean the insurer doesn't pay when you need it most.
This is general advice, not legal or financial consultation. Read the terms of your specific contract carefully and take advice from a specialist if needed.
The types of insurance people look for most
- Car: the mandatory third-party policy, comprehensive cover, own-damage cover.
- Travel: medical cover for a trip, sometimes with protection against cancellation.
- Property: a flat or house against fire, flooding, theft.
- Health and life: health insurance, accident cover.
How it works on BlaBlaPrice
Instead of going to several insurers, you write one request: what you are insuring, for how long, what cover you want. Insurance agents and companies reply in the chat with offers: a price or what it depends on, the list of risks, the terms. They see how their offer looks among the others and may improve their terms. Reviews are visible next to each. You share your contacts only with the one you choose.
What to put in your request
- Type of insurance — car, travel, property, health.
- What or whom you insure — make and year of the car, area of the flat, age of the travellers.
- Cover and sum — sum insured, risks, deductible, for example Rs 8,200,000 and fire and flooding.
- Term — length of the policy or dates of the trip.
- Territory — countries or region, for example Thailand or the Schengen area.
- City — where the car is registered or the property is located.
- Budget — if you want to name one.
Example: “Islamabad. I need medical travel insurance for a trip to Thailand for 3 months, 2 adults, aged 35 and 40. Cover of at least USD 50,000, emergency treatment. Budget up to Rs 19,000.”
How to compare offers
Make a list for yourself: sum insured, list of risks, deductible, exclusions, how claims are paid. For trips, check whether sports, chronic illnesses, COVID infection and return home are included. For property, see whether the interiors and appliances are insured, not just the walls.
Look at reviews about how the company pays out: speed and the share of rejected claims matter more than a pretty price list. Ask how to file a claim and what is needed in case of an incident, and whether there is a 24-hour helpline.
Common mistakes
- Choosing only the cheapest and not reading the exclusions.
- Hiding information about your health or the age of the car, which can be a reason for rejection.
- Buying a policy for dates that do not match the trip.
- Not saving the policy number and helpline number on your phone.
For other services for business and individuals, see the business services section and the page on financial services and investment. More about the service is on the “How it works” page.
