|
Basic concept of vehicle insurance Car insurance premiums have become so high that motorists cringe at the sound of it. Apparently, this fear is caused by the indescriminate increase in motor insurance premiums nationwide. The last decade has seen the steady rise of premiums nationwide at an alarming rate that getting a cheap premium is getting more difficult by the day- without concerted efforts. Irrespective of how costly an insurance premium may be, it's still crucial that every motorist must have one. Car insurance policy: are they an option or a necessity? Most countries practice compulsory car insurance for every motorists that drives a vehicle. In particular here in England, every driver must have an up to date vehicle insurance policy for the car they drive. The major advantages of being adequately covered are: Provide safeguared against claims from third parties attempting to claim from you if you are the cause of the accident- but because you're covered against third claims, your policy will will pay out instead of leaving you out of pocket. It's always advisable to always be on the right side of the law- driving without a valid insurance would lead to your vehicle being impounded or you may even risk a driving ban for not adhering. Repercussions of not having an insurance policy when driving Driving without a valid insurance policy constitute a driving offence. Below are some of the risks you face for driving without an insurance policy: 1, Having points on your driving licence can prevent you from some driving jobs- most employers in the UK require a clean and points free licences to take up various positions in the organisation. 2, Drivers who consistently attempt to beat the law by not having an insurance policy on the vehicle they drive often get a driving ban when caught- the number of years for bans can vary from months to years. 3, Offenders do get minimal or massive fines which will depend on how severe the offense might be- some offence may carry up to a maximum fine of £3000 if it endangers life or property. 4, A threat of prison sentence is enough to stir motorists in the right direction to get their vehicles insured. Points to take note of when purchasing a car insurance cover Young and new drivers attempting to by car insurance for the first time can rather find it complex- as they may not know what to look out for in a policy. With all the 'jargons', 'lingo', terms and conditions contained within the policy, new drivers might often need experienced drivers to explain the policy to them in plain and simple English. Nevertheless, there are still important things to consider in a policy before even considering to buy it. Below are a few important ones to look at: 1. There are three basic levels of coverage you can choose from- third party only, comprehensive and third party fire and theft cover. 2. Most insurers in the UK require excess- level of excess is the amount you contribute towards repairing your car when you're involved in an accident. Voluntary excess is not mandatory while compulsory excess is 3. Avoid settling for the first quote that comes your way, otherwise, you'll lose out on cheap deals. Compare as many quotes possible. 4. Your policy contains special conditions which you must comply with to avoid breaching any clause in the policy- for instance, does your policy allow for you to drive other cars? Does your policy cover you for driving in other European countries? Is break-down cover included in your policy? Getting the lowest premium possible using these 5 easy steps Apparently, there is no cheapest car insurance provider. There are too many factors that influence the price of car insurance premiums: a few of these factors are- who you are, where you live, what work you do, the type of car you drive, your driving record for the last couple of years are all major components that would determine what price tag an insurer place on the policy. So your objective will now be to get the cheapest car insurance deal possible by: 1. Acquiring a car that falls within a low insurance group. For example, smaller engine sized cars like Fiat Punto, Vauxhall Corsa all fall within the low insurance group of cars as a result of their small engine capacity. Typically, vehicles with small engine sizes all fall within the low insurance groups- the bigger the engine sizes the higher premium you'll end up paying. 2. Your level of excess is the amount you contribute towards repair of your vehicle should you be involved in an accident. Two types of excess- voluntary excess is amount you volunteer to pay while compulsory excess means an amount you must contribute.The higher your excess the lower yoyr premium. Resist the temptation of inflating it, stict with an amount you're comfortable with. 3. Leaving your car in a locked up garage at night can help lower your premium as it reduces the risk of theft and damage from thieves and burglars. Minimizing the risk of criminal damage, burglary and theft should enable your insurer offer you cheaper premiums in return. 4. Installing security gadgets like tracker, alarm and immobilizers often reduce or prevent theft of vehicles as such insurance companies reward drivers with such security measures with discount premiums on their policy . 5. Shopping around for cheaper quotes are made easier by using prices comparison website like www.cheapcarinsurancex.org which helps motorist compare prices from 110 car insurance companies all around the UK to give you the best quote for your situation. You can also compare quotes for green motor insurance at: www.cheapcarinsurancex.org/cheap-car-insurance/green and pay as you go vehicle insurance at: http://www.cheapcarinsurancex.org/cheap-car-insurance/short-term/pay-as-you-go. Final thought Driving a vehicle without adequate insurance protection is a lot costlier than driving with one: The consequence of not having an insurance policy on the car you drive can be quiet costly when involved in an accident. Legal claims from third parties, your car being seized or scraped and settling third party litigations are all typical examples of risk motorists can encounter for not insuring their vehicle. But driving with a valid insurance cover only gives you peace of mind because your insurer deals with any other issues that may arise as a result of you getting covered. So, be insured before you drive any vehicle on the road. Related content: www.cheapcarinsurancex.org/cheap-car-insurance/student
Related Articles -
motor insurance, car insurance, cheap car insurance,
| 
