Your Guide To Car Insurance By Chris Rowlands Why not consider using a comparison site to search through policies quickly and easily. Moneysupermarket.com is one such site and will allow the visitor to perform a free search through over 50 car insurance companies. The process of securing a car insurance policy for your vehicle can be a daunting, time consuming and rather costly experience. You may find yourself asking the question; “just how can I find that elusive “cheap” premium?” These are key area’s you need to be aware of when looking for quotes for your vehicle. Indeed there are several ways in which you can decrease the price of your premium whilst remaining honest. Please remember that all insurance is a case of risk assessment, therefore the safer you seem to the insurer the cheaper your policy will be. An example of this would be the car you drive. The sportier and faster the car, the more risk you will be to the insurer. This is why insurance groups were put into place, as they assess the safety and risk factor of the car. A number is assigned depending on how much of a risk the car will be to an insurance company ranging between 1 and 20, the latter being the highest risk and most expensive to insure. Consider the features of a prospective policy carefully when looking at quotes. There are many factors to consider such as legal protection, hire car, breakdown and policy excesses. Offering to pay a higher excess will reduce your premium, but do you really want to pay out a large lump sum in the event of an insurance claim? I must warn you strongly never to fabricate any details when applying for a policy as you may find you are uninsured in the event of an accident. Failing to declare any modifications to your vehicle, however small, can provide a loophole for the insurers to use resulting in refusal to pay out. There are certain factors that can be used to your advantage when giving details required for a quote. Many people do not realise that your predicted mileage can greatly affect your premium. If you inform the insurance company you will be travelling 15,000 miles instead of 10,000 you will be of more risk to them as you will be on the road for 50% more time. With this in mind try to be as accurate as possible when giving this figure. If you have M.O.T documents for your vehicle look at the mileage that was recorded for the last year, this will help to give you a good idea of how many miles you will travel, as long as your circumstances have not changed. Another piece of information to be careful whilst entering is your job title. This again can make a huge difference in premium price. If you were to choose newspaper reporter you might pay £370, if you were a little more cunning and chose journalist/correspondent you would have just saved yourself £90. It sounds like fools logic but that is really the sort of difference you can expect. Look for the most accurate description of your job and try quoting with a few different descriptions (as long as accurate) to see how much difference it makes. You may be pleasantly surprised. There are other factors that will either increase or decrease your premium, such as; your age and driving experience, no claims bonus, location of car overnight, points on licence, previous history of accidents and many other variables. Always remember when looking for that bargain premium; don’t fall into the trap of looking for the cheapest policy. Ensure the policy you choose has all the features you require at a reasonable price. If this also happens to be the cheapest then even better. If you follow the above guide you should find yourself the right policy with little fuss and may even save some money in the process.
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