Many consumers have multiple insurance products; Motor, Home, Travel, Life Insurance, maybe even other products like business or health insurance.
These products will be split across a number of insurance providers, you may also have used third party comparison sites to find the insurance product.
InsureNudge has been set up to centralise all the renewals data for your insurance products.
Have you ever missed a renewal?
We all know that you need to call your insurer before the renewal to get the best price.
However 1 in 10 people end up using auto renewal for car insurance, which is often an expensive option.
When you consider that people have multiple products that is a large proportion of us each year missing out on the best price.
One key reason that people miss this will be because they don’t receive their insurance renewal reminder.
This can easily happen for a number of reasons:
- You change your details and they cannot get hold of you
- You have opted out of marketing
- The insurer has an error and “forgets” to send you the reminder
- You have blocked the emails, usually because of too much spam
InsureNudge, will email you 30 & 15days before each renewal; so you don’t get stuck in the auto renew trap!
So many providers
When we look for insurance we typically want the best product for the best price.
To get the best product companies like Admiral tend to focus on one main product (car insurance).
As a result consumers tend to get insurance from a number of providers, this requires careful management.
InsureNudge is set up to centralise all of your insurance details into a single location.
Gaps in cover
For products like Home or Car insurance it is important that you have continuous coverage, which means choosing the product before your renewal date.
Some products like travel insurance, we may choose to have a gap in periods when we have no holidays planned.
In these cases we may want to set reminders after a while incase our plans have changed.
InsureNudge allows you to put in any reminder date that you need.
Multi-year renewals
There are a number of financial products that can be spread across multiple years:
- Any finance product, like a car loan or even klarna
- Car warranties
- Mortgages
You can track all of these dates in the same tool!