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What to look for when buying car insurance
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Posted On :
Aug-25-2011
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Article Word Count :
669
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As with fuel prices, the cost of insuring your car is on the up. Figures state that the insurance industry is still losing money and this will be past over to the consumer. According to the AA, car insurance could rise as much as 30% in the future as insurance companies try to cover their losses. And one of the major factors in this rise is the increased rise in personal injury claims.
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As with fuel prices, the cost of insuring your car is on the up. Figures state that the insurance industry is still losing money and this will be past over to the consumer. According to the AA, car insurance could rise as much as 30% in the future as insurance companies try to cover their losses. And one of the major factors in this rise is the increased rise in personal injury claims.
So when shopping for new car insurance it’s important to know what you’re doing in order to not pay for things you do not need and to get the best deal possible for you.
First of all, third party only is not necessarily cheaper than fully comprehensive. This is because insurance companies know many young people opt for this choice and because young people are seen as high risk, insurance companies have put their prices up. Always check both fully comprehensive and third party when looking for your new insurance.
Use a comparison site when shopping. Many people think that going directly to the insurer will give you a better quote. It doesn’t. Comparisons’ sites don’t charge commission and you get a wider range of choice there. Always check this first and then go to the individual insurer to see if they can beat the quote directly. And be warned that insurance companies don’t really reward loyalty so it’s worth shopping around every year.
If you have an accident, even if it’s not your fault, the premium will probably go up next time around because they perceive you as a risk factor. If you have protected your no-claims bonus this will not be affected but your premium will probably still go up. The premium won’t go up however if you get a speeding ticket. Most companies don’t penalise for minor offenses that put three points on your licence. But if you get more than three points, the cost of insurance is likely to rise.
As with fuel prices, the cost of insuring your car is on the up. Figures state that the insurance industry is still losing money and this will be past over to the consumer. According to the AA, car insurance could rise as much as 30% in the future as insurance companies try to cover their losses. And one of the major factors in this rise is the increased rise in personal injury claims.
So when shopping for new car insurance it’s important to know what you’re doing in order to not pay for things you do not need and to get the best deal possible for you.
First of all, third party only is not necessarily cheaper than fully comprehensive. This is because insurance companies know many young people opt for this choice and because young people are seen as high risk, insurance companies have put their prices up. Always check both fully comprehensive and third party when looking for your new insurance.
Use a comparison site when shopping. Many people think that going directly to the insurer will give you a better quote. It doesn’t. Comparisons’ sites don’t charge commission and you get a wider range of choice there. Always check this first and then go to the individual insurer to see if they can beat the quote directly. And be warned that insurance companies don’t really reward loyalty so it’s worth shopping around every year.
If you have an accident, even if it’s not your fault, the premium will probably go up next time around because they perceive you as a risk factor. If you have protected your no-claims bonus this will not be affected but your premium will probably still go up. The premium won’t go up however if you get a speeding ticket. Most companies don’t penalise for minor offenses that put three points on your licence. But if you get more than three points, the cost of insurance is likely to rise.
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Article Source :
http://www.articleseen.com/Article_What to look for when buying car insurance_76663.aspx
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Author Resource :
And lastly, contrary to what some people might think, what colour your car is does not affect the premium so you can safely buy that red car from your Ford dealer London, if that is what you want to.
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Keywords :
Ford dealer London,
Category :
Business
:
Advertising
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