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Insurance

You never know what life is going to throw at you, which is why paying for insurance can help you rest easy, knowing that you’re protected from financial loss in the event of a sudden setback.


Recent insurance articles

Published: 27th October 2020

Is pet insurance worth it?

Young woman and her dog travelling together in a car

Is pet insurance worth having as a safety net? We take a look at the pros and cons of pet cover to help you make the right decision for your pets.

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Published: 15th October 2020

Is gap insurance worth it?

Sale agent deal to car loan contract with customer.

When buying a new or used car, the dealer might offer you gap insurance as an add-on. Here's a guide on what gap insurance is and if it's worth getting one.

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Published: 13th October 2020

How does PCP work?

Sneaker shoes and arrows pointing in different directions on asphalt ground, choice concept

In the market for a new car? We take a deep dive into how PCP works. Looking at the pros and cons, and what to do at the end of your agreement.

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More on insurance

At MyWalletHero, we tend to be risk-averse when it comes to matters of finance. After all, no-one likes receiving a nasty shock – and especially not when it could lead to you having to pay out a large amount of money.

That’s why we’re such big advocates of insurance, which gives you peace of mind when it comes to your “big-ticket” items (those that could lead to sudden, expensive payouts in an emergency).

More often than not, incidents that lead to big bills aren’t caused directly by something you’ve done. As such, there’s no way of knowing when we’ll need to part with a lump sum to help cover the costs of that event… so if you’re asking yourself “Do I need insurance?”, we’d argue the answer is almost always “Yes!”

Take something a lot of us do day to day, for example: driving. All it takes is a momentary lapse in concentration from one of the many drivers you pass on a journey to cause an accident… Scary, we know! But equally frightening might be the size of the bill depending on the scale of the resultant damage, which can run into the thousands. However, the average cost of car insurance annually is under £500 for a comprehensive policy – a far more palatable figure that you can plan for accordingly! (Sometimes bundled together, purchasing car and home insurance together could lead to bigger savings as well, so keep an eye out for deals…)

While it’s not the happiest of subjects to discuss, understanding how to choose life insurance is arguably one of the most important lessons to learn, so that you can take comfort knowing your loved ones won’t have an additional financial burden in the event of your passing.

Being lovers of all creatures great and small, let’s not forget our furry and feathery friends (or reptilian pals!), either – pet insurance coverage is important to ensure that you can relieve them of any pain they’re in as soon as possible.

So when you come to compare insurance, we firmly believe our articles can help guide your research towards the best deals on the market!


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