Simple Tips for How to Save Money on Car Insurance
Important to get the right cover for your needs because there are several different types of car insurance. Here, you can discover car insurance advice you need to know.
Car Insurance Advice for Every Situation
Many different types of motorist, as well as there are many different types of car on the road. Of course they are need many different types of car insurance policy to suit their needs.
A more experienced motorist who regularly takes their vehicle abroad will not want the same cover as, for example, a young driver who has recently passed his test and wants to insure a second-hand car.
Because many companies compete for your business so the choice of policies – and insurers – can help to bring down the cost of car insurance quotes. However, if you are unfamiliar with the market, it can also lead to confusion.
This vehicle insurance tips can help by giving you the information on the different types of motor insurance and money saving advice.
Compulsory Car Insurance
You must have a minimum level of third party cover by law because car insurance is compulsory. The government has recently introduced continuous insurance enforcement and keen to crack down on the number of uninsured motorists on the roads.
If you own a car it must be insured, even if your car always in garage for six months of the year and if you are caught driving without car insurance, then the penalties for flouting the rules can be severe, you could be issued with a fixed penalty and some penalty points. You could be disqualified from driving and get a fine if the case goes to court. Even, in some cases, the police also have the power to seize and destroy the vehicle.
Different Types of Auto Insurance Policy
Which is the best policy when you buy car insurance? Generally, there are 3 different car insurance policy types. As we have mentioned above, , the minimum legal requirement is third party insurance, which pays out if you damage their property or injure another person n an accident that is your fault.
For example, if you reverse into their car, or crash your car into your neighbour’s fence, then for pay their repairs will be paid by the third party car insurance.
The next step up, if you want some protection for your own car such as third party fire and theft then you can choose third party vehicle insurance for covers your own car when it is corrupted by fire or stolen.
Then there is most popular car insurance choice and is the comprehensive car insurance as it provides extensive cover for you and your car that it also generally comes with several extra benefits such as legal expenses insurance.
Third party cover might be adequate, if you have an old car that is not worth very much. So, depends on your circumstances when you choose the type of motor insurance policy best suited to you. Someone probably select comprehensive car insurance with with a more valuable vehicle.
Compare Car Insurance Quotes
In the decision, price is a major factor, and rather than comprehensive car insurance third party cover is often cheaper because it is more basic. Not always – but often.
In recent years there has been a sharp increase in the number of people taking out third party cover and it is exceptionally popular among who are eager to cut costs especially young people. However, rather than older motorists, young drivers are involved in more accidents so they generate more claims. Insurers attempt to recover some of their costs so the price of third party cover has therefore gone up.
You should always always worth checking the premiums against comprehensive cover if you are thinking of buying third party car insurance as you might only have to pay a little bit more for a lot more protection.
Although recently the typical cost of car insurance has come down but it can still take a big chunk out of your budget. For car insurance cover, young people pay a particularly high price because they are statistically more likely to make a claim.
Adding an Older Driver to Car Insurance
Lately, more young drivers are therefore adding more experienced motorist and an older motorist to their policy as a named driver, usually their dad or mum so the insurer assumes this can be lowering the risk of a claim and is the effective way to drive down the cost of car insurance quotes because the parent will be behind the wheel at least some of the time.
However, you’d be breaking the law if bend the truth, if you put main driver is your dad or mum when in fact the main driver is you. The tactic is know is illegal and as fronting.
Read also: How to Proceed if You are Refused LTCI