Car insurance can protect you against possibly losing out on large amounts of money should something happen to your car. And it can make the whole thing easier to handle by letting someone else do the hard work. REMEMBER it is a legal requirement to have at least the minimum level of motor insurance.
Every person's individual circumstances are different: the make and model of car, postcode, driving history, claim experience, occupation, type of use. Add a number of other drivers to the policy and it gets even more complicated. Insurance companies need as much information as possible to enable them to determine what the premium should be for the risk for each individual's circumstances. Each insurer will view the details slightly differently based on their own experiences and claims statistics.
To get a quote we recommend you visit the Insurers section of the site. The Insurers section provides a list of the top insurance providers in the UK. From there you simply click on the "Get a Quote" link. This takes you directly to each provider's website where you can get yourself a quote. Remember, we also recommend you get at least three quotes from the different providers listed in order to find the most competitive price.
You must tell your insurer everything that is relevant to your insurance. If you don't then you risk having your policy voided, and being left without cover. They need to know all your details, your driving history (any claims or motoring offences for you and any other drivers), who will be using the car, the car details and the location. It is useful to remember that insurance companies and the police are starting to share information about cover, drivers and driving history.
Insurance companies need to take a lot of information in order to calculate a price: things like the make and model of car, postcode, driving history, claim experience, occupation, type of use. By taking so much information they can personalise their base price for your specific circumstances.
Insurance companies work with different statistics and use different methods to calculate premiums. Some companies specialise in certain areas or types of car so are prepared to discount more in some areas than others. This adds to the complexity as a like for like quote with a number of different companies can yield a number of very different prices. So, by getting prices using our service, we are able to show you which companies are most competitive for you and those that aren't saving you time, money and effort.
For about seven out of the last ten years the insurers have been losing money by writing motor business. There has been pressure in the market to keep rates down due to the fact that so many companies are writing motor insurance but as they have lost so much money they are now putting the rates up so that they can cover claims losses and make money again.
There are a number of ways.
This is effectively the person who will use the vehicle the most. Often younger drivers and parents are tempted to insure a car in their parents name. This is done to reduce the premium.
An excess is the sum of money that you o pay out in the event of a claim taking place. This money needs to be paid to the insurer before they deal with the remaining amount of the claim.
All polices normally have an excess but you can volunteer to a pay more. If you do, you are likely to make savings on your actual policy cost. You should remember that the only reason this reduces your premium is because you will end up paying out more when making a claim.
When you have driven claim free for a number of years insurers will then give you the option of protecting your no-claims bonus. This simply means that if you should make a claim then your number of years no-claims bonus will remain the same. Protecting your no-claims bonus will often increase the price of your premium slightly.