Financial Advisor

The Basics of Car Insurance

There are already a large number, and more appearing all the time, of comparison websites available where you can look and compare quotes for motor insurance. Tescocompare.com, Confused.com and Gocompare.com are considered in the top three comparison sites. It is always a good idea to have a shop around and find a quote that gives you the best cover for your needs. None of the sites quote every insurer and Norwich Union and Direct Line will not be quoted on any of the sites.
Which cover – fully comprehensive or third party?
The road laws in the UK state that any vehicles driven on public roads must have a minimum of third party insurance. If you have a crash third party insurance will cover the other person involved for any damages to their car or any injury to themselves. In the case of an accident being your fault or if you fail to take the other driver’s details then you cannot claim anything. Full comprehensive cover does pay out in all circumstances but will cost substantially more and is generally only worth it if you have a newer, more valuable car.

An old car does not warrant high insurance premiums but as we are legally required to have motor insurance third party cover is the minimum that can be taken out. So when you are considering motor insurance the value of the car you are insuring will be important. Quite often you can have extra options included on third party insurance such as fire and theft.
Is there anything I can do to help to reduce my insurance premium?
Married couples pay less for premiums, as a rule, than unmarried couples and also women pay less than men. Younger drivers pay very high rates as they are classed as inexperienced and high risk, but, insurers have come up with ‘Pay-as-you-go’ options, for example, Drive Time from More Than for under 25’s. They monitor driving habits and charge accordingly. A simple way of paying less for your premium is to pay it in full yearly instead of monthly payments which accrue extra costs that can add up to be quite steep over the year. And finally, don’t get any speeding convictions, once you have them they can push your premiums up for quite a few years.

The cheapest might not be the best policy.
Time spent in reconnaissance is seldom wasted so do take the time to get as many quotes as possible and compare all the details before you decide which one is best for you. Always check the excess – if your premium is cheap it is likely the excess could be fairly hefty. And, fundamental, but very important is, to be sure that you have filled all your details in correctly because any wrong information can invalidate your form and you will not be able to make a claim.

Interested in getting a quote on Car insurance? Please Visit the Car-insurance-plans.co.uk for more information and other resources. Our sister site Brokers Online offers cutting edge articles and information about Life Insurance and other financial products.

The Basics of Car Insuranc / Author: michael challiner

About the Author
Occupation: Editor Brokers Online Life Insurance
Michael Challiner has 15 years experience in financial services marketing at senior level, the last 5 of which specialised in online marketing. Prior to that he spent 15 years in advertising with two of the world
http://www.life-assurance-bureau.co.uk