This is the time of the year again when I need to renew my car insurance. I find it very daunting to go through all these different insurance companies. And sadly, I may well end up renewing my old policy which is astronomically expensive but not before I do some little research first.
Even though Car insurance premiums are quite high, going without cover is not an option, first it is agains the law and second it is when you are not covered that things happen. The government has introduced continuous insurance enforcement regulations to crack down on uninsured motorists. The rules make it compulsory to take out insurance if you own a car, even if it sits in the garage for six months of the year. Except if your car has been declared off the road and have a Statutory Off Road Notification (SORN) from the DVLA.
Believe me the penalties for driving without insurance will be much higher than the policy.
Car insurance premium are expensive because of:
- Uninsured drivers. They add an average £30 to the price of a car insurance policy, according to the Motor Insurers' Bureau.
- Personal injury claims are another significant problem with Whiplash claims being particularly common.
Insurance is all about calculating the risk, so the riskier the motorist, the higher the premium. Age is important to insurer, as I'm sure you have notice if you are below 29 or you have a child who is.
- Age is another influence on car insurance quotes.
- Driving record. So if you have any speeding tickets or convictions expect a higher quote.
- Previous claims. If you have previously made claims you will have higher premium.
- Your occupation as some jobs are considered riskier than others.
- Your postcode will affect your premium because of the crime figure
- Your parking arrangements, whether you keep your car in a locked or attended garage when it's not in use, you will pay less for your car insurance than your neighbour who parks on the street.
- You car's make and model. Insurers rate cars into one of 50 groups, depending on their engine size, performance, and repair costs. Cars in group 1 are cheaper to insure than cars in group 50.
There are basically three different types of car insurance policy: third party, third party fire and theft and comprehensive.
Third party car insurance being the most basic it is the legal minimum requirement. With it you have cover for any injury to another person or damage to their property.
Third party fire and theft also covers you in case of fire and theft.
Fully comprehensive is the most popular and covers a wide range of risks, above and beyond the legal minimum.
Third party insurance may not necessarily be the cheapest option.
It is worth shopping around with website such as:Go compare, Compare the market, Moneymarket are excellent to get advice and compare quotes.
There are a number of things that can be done to get cheaper car insurance:
- Accumulation of no claims discount so if you have not made any claim you will be rewarded.
- Taking additional qualifications such as the Driving Standards Agency's Pass Plus course.
- Driving a limited amount of miles.
-Comparing quotes with websites such as Go compare, Compare The Market, MoneySupermarket, confused.com.
One thing is for sure, loyalty rarely pays so take the time to shop around for quotes to see if you can beat the offer from your existing insurer.
Even though Car insurance premiums are quite high, going without cover is not an option, first it is agains the law and second it is when you are not covered that things happen. The government has introduced continuous insurance enforcement regulations to crack down on uninsured motorists. The rules make it compulsory to take out insurance if you own a car, even if it sits in the garage for six months of the year. Except if your car has been declared off the road and have a Statutory Off Road Notification (SORN) from the DVLA.
Believe me the penalties for driving without insurance will be much higher than the policy.
Car insurance premium are expensive because of:
- Uninsured drivers. They add an average £30 to the price of a car insurance policy, according to the Motor Insurers' Bureau.
- Personal injury claims are another significant problem with Whiplash claims being particularly common.
Insurance is all about calculating the risk, so the riskier the motorist, the higher the premium. Age is important to insurer, as I'm sure you have notice if you are below 29 or you have a child who is.
- Age is another influence on car insurance quotes.
- Driving record. So if you have any speeding tickets or convictions expect a higher quote.
- Previous claims. If you have previously made claims you will have higher premium.
- Your occupation as some jobs are considered riskier than others.
- Your postcode will affect your premium because of the crime figure
- Your parking arrangements, whether you keep your car in a locked or attended garage when it's not in use, you will pay less for your car insurance than your neighbour who parks on the street.
- You car's make and model. Insurers rate cars into one of 50 groups, depending on their engine size, performance, and repair costs. Cars in group 1 are cheaper to insure than cars in group 50.
There are basically three different types of car insurance policy: third party, third party fire and theft and comprehensive.
Third party car insurance being the most basic it is the legal minimum requirement. With it you have cover for any injury to another person or damage to their property.
Third party fire and theft also covers you in case of fire and theft.
Fully comprehensive is the most popular and covers a wide range of risks, above and beyond the legal minimum.
Third party insurance may not necessarily be the cheapest option.
It is worth shopping around with website such as:Go compare, Compare the market, Moneymarket are excellent to get advice and compare quotes.
There are a number of things that can be done to get cheaper car insurance:
- Accumulation of no claims discount so if you have not made any claim you will be rewarded.
- Taking additional qualifications such as the Driving Standards Agency's Pass Plus course.
- Driving a limited amount of miles.
-Comparing quotes with websites such as Go compare, Compare The Market, MoneySupermarket, confused.com.
One thing is for sure, loyalty rarely pays so take the time to shop around for quotes to see if you can beat the offer from your existing insurer.
