Tips how to find the best Car Insurance
Buying car insurance can be a daunting prospect, especiallydue to the continuing rise in insurance prices. Ensuring that you get the best deal is therefore more important than ever so below we will try to guide you through the process.
Finding car insurance
Like with anything else these days, shopping online is the easiest and best way of getting the cheapest car insurance. You should start your search by visiting a reputable comparison site where hundreds, if not thousands, of car insurers are registered and competing for customers. Comparing policies side by side is extremely useful for highlighting different offers and understanding the various policy features available.
Call insurers directly
Whilst the internet will provide you with an idea of pricing for those companies that aren't on comparison engines, you should carefully consider ringing a few suppliers directly. While this can take a little time, the reduced premiums that may be available should be checked. Plus it’s easier to get all your questions answered when you speal to an advisor on the phone.
Factors to consider when choosing car insurance
Types of car insurance
You should consider your level of coverage carefully, whilst it may well be tempting to go for the lowest level of coverage (and therefore have the lowest premium to pay) you need to think about how you'd cope if you wrote off your car or had it stolen.
- Third party – This is the most basictype of car insurance is the legal minimum requirement for drivers. It only covers injuries or damage to third parties. It will not cover repair costs for your own car, an injury you suffered, or replacement costs if your car is stolen or damaged by fire.
- Third Party, Fire and Theft (TPFT) – this type of insurance provides some additional cover to third party insurance, i.e it covers you if your car is stolen or damaged by fire. It may also cover damage caused by an attempted theft (as long as this wasn’t your fault). As with third party only, TPFTdoes not cover damage done to your car or an injury you might suffer if it is your own fault.
Third party and third party, fire and theft car insurance are often thecheapest options available, therefore appealing to to young drivers with low value cars. Nonetheless, remember that young drivers are seen by insurers as high-risk, meaning that the cost of these type of policies can be more expensive than a fully comprehensive policy.
- Fully comprehensive – this type of insurance policies cover everything included in Fire, Third Party and Theft insurance, but it also covers youif you damage your car, someone else's car, or injure someone in an accident, regardless of whose fault it was. Some fully comprehensive policies may also provide cover for your personal belongings, medical costs (up to a certain amount), and others may include a courtesy car. Some providers, however, offer these extra features for additional costs so check carefully before signing anything.
Be100% truthfulin your insurance application. Many may be tempted to insure their car at an address other than their own for lower premiums, however insurance companies are used to this ploy, meaning that pretty much every claim on such policy doesn't get paid out.
Additionally, don’t forget that if you are ever found to be driving around without insurance, you may face criminal proceedings.
Insurance policy add-ons
Whilst many companies try to bulk out their insurance deals with services that may not be useful to everyone, you should certainly consider deals on break down coverage, which are likely to be far cheaper than purchasing this policy alone.
No claims discount / bonus
A no-claims discount or bonus is a percentage discount your insurer cuts from your insurance premium as a reward for not making a car insurance claim in the previous year. The discount increases for each consecutive year you don’t make a claim.
Insurance for those over 50
It's a fact that older drivers (particularly those over 50) are far more careful in their driving and have plenty of driving experience. There are specialist insurers for this group of people, and they can benefit from vastly reduced premiums compared to those who are younger.