Tips for Buying Car Insurance

Tips for buying car insurance

Finding the right car insurance policy might seem like a daunting task, but investing a little time and effort could see you saving a significant amount of money in the long run. Rather than signing up to the first policy you see, use these tips to find the best value policy for your needs.

Shop around

The criteria for underwriting varies enormously from one car insurance provider to the next, so it’s not unusual for quotes to differ considerably, even though you’ve provided the same details each time. Don’t get disheartened if your first few quotes seem excessive; there’s a premium out there for you.

Shopping online could pay off, as lower administration fees can result in cheaper premiums. Shop around - all that competition is to your advantage.

Consider extras

You might find some quotes throw in a few extras for your money, such as legal cover and breakdown cover. Look for the things you are most likely to need. For example, the use of a courtesy car could be invaluable if your vehicle is out of action after an accident.

Don’t make assumptions

You might assume that fully comprehensive insurance will be a more expensive option than third-party insurance, but this isn’t always the case. So check all types of cover, as you might be pleasantly surprised.

Read the small print

Policies vary considerably, so always read the small print before signing up to anything. Make sure you’re adequately covered for your needs and won’t be paying for anything you don’t really need. Also double-check things such as the no claim discount offered, and the compulsory excess you might be required to pay when making a claim.

Watch your excess

Agreeing to pay a voluntary excess can lower the cost of your premium and this could be tempting if you want to save money. However, don’t leave yourself out of pocket with an excess you can not afford.

Read reviews

The internet is a great source of information from companies and buyers. Search for reviews of insurance providers, check out consumer forums and read press articles.

Lower your premium

There are some relatively simple ways you could lower your insurance premium. For example, if you have a garage, use it for parking your car and let your insurance provider know. Cars left in garages are less likely to get stolen or damaged, so it could mean cheaper insurance. Similarly, a car parked on a driveway could be cheaper to insure than one parked on the roadside.

It might also be cost-effective to add an alarm, immobiliser or tracker to your vehicle.

With a bit of research you can find a good value car insurance quote, offering you adequate cover at an affordable price.

It's always worth contacting a good range of insurance companies and websites that offer free online quotes, such as The insurance centre and More than. Taking the time to compare prices from a range of companies on the internet is always likely to stand you in god stead. You can never assess all the options out there, but with a little effort you can get a good spread of quotes which will lead you to finding a competitive overall price.