|
|
Buying Car Insurance?
With car insurance being one of the highest costs of motoring its vital to make sure you are getting the best possible deal. Getting the best Motor Insurance policy can seem very daunting to many people especially if its your first policy, but with a little research and by following our tips and tricks you will be in a better position to get the best policy for you at the lowest price available on the market. 
Car insurance can seem very complex but it basically falls in to three different groups. Third Party Only This is the cheapest and most basic policy that is available, and as the name suggests the cover provided is for a third party only, in other words if you are involved in an accident then the policy only covers the costs of damages to someone else's vehicle, you will have to pay for the repair to your vehicle. Third Party Fire and Theft This is similar cover to Third party with additional cover in the event of Fire or Theft of your vehicle. This type of insurance is normally chosen in preference to third party because it offers better cover for a nominal extra premium. Fully Comprehensive This is the most expensive insurance because it also covers your vehicle in the event of an accident which was your fault, it can also cover you for any damage to your vehicle caused by someone else whose policy can't be claimed on - for example a hit and run claim. Most insurance companies then offer bolt on extra cover (for an additional premium) for things like windscreen replacement, road side assistance and legal cover, these extras can tend to bump up the price of the policy and should only be taken out if you feel it necessary. Tips on how to get lower insurance premiums. 1 Make sure you get the right policy. If your car is only worth a few hundred pounds it's pointless in spending hundreds on Comprehensive cover when Third part Fire and Theft might be adequate (although always get price comparisond as sometimes there's not a huge saving to be made. 2 Some insurance Companies will offer a generous discount for cars that have an Alarm and or an engine immobiliser fitted. 3 It's worth considering opting for a higher insurance excess (this is the amount you have to pay in the event of a claim) as this can dramatically reduce the premium - but again always ask for price comparisons before deciding. 4 It seems obvious but its amazing how many people don't do this.... SHOP AROUND! The internet make this very easy to do and can save you an absolute fortune. Most companies offer further discounts if you buy online. 5 Don't be afraid to ask for a lower price or quote a lower price you've had elsewhere - it's amazing how the price can often be lowered once the person you are speaking to has a 'word with their supervisor'. In the event of an accident: Always dial 999 if anyone is hurt of course, but assuming it's a more minor bump: DON'T assume the other person will tell the truth about what happened - always assume the worst and get as many witnesses or photos of the event as you possibly can. TIP: Keep a disposable camera in your glovebox compartment at all times! Try to involve the police at the time although they probably won't come out unless there is a suggestion of reckless driving or a potential hazard. This page is for information only and cannot offer insurance advice for your particular situation. Consult with an FSA authorised insurance advisor if unsure on any topics related to car insurance Disclaimer: All information on this site is provided in good faith for guidance only and is subject to human error. We cannot be held responsible for any loss or damage caused through following any of our advice or suggestions. Please ensure you are completely happy with any new car deal you undertake before going ahead and check with your local Trading Standards or the Office Of Fair Trading if you have any doubts. Check the individual car manufacturers website for the latest info on any particular car before buying. Copyright ©2008 all rights reserved |
|