Car insurance is a legal requirement. The minimum level of insurance cover required by law in the UK is Third Party Cover. The legal requirements for UK car insurance are listed under the laws known as the Road Traffic Act 1988.
As the insured person you will pay a premium, either monthly or annually, in exchange for the appropriate cover. What cover you decide to take should depend on your current circumstances and should be tailored to your needs.
The risk for your car insurance is assessed on three main things - your age, gender and experience.
They are the main factors that you cannot change and dictate what risk insurers are prepared to take by offering you a quotation for car insurance cover.
Some additional factors potential insurers will take into account (and will directly affect any car insurance quote) are -
* who will drive
* the type and make of car
* where the car is parked overnight
* the usage of it (private/business or both)
* the type of cover required
You must also give your car insurance company full details of all your current circumstances. This includes any previous offences or motoring convictions.
If you do not, you may be breaking the law and you may not be covered at all in the case of a claim brought against you.
What car is best for lower Car Insurance Cover?
First of all, car insurance companies use various key factors in calculating your motor insurance premiums. Every UK car is given a car insurance Group rating ranging anywhere from a Group 1 right up to Groups 20+.
Checking the car insurance groups of cars before a potential purchase could save you a huge amount of money. The difference in quotes will be considerable.
Most small engine city cars fall into low car insurance groups. Generally this means cars that have an engine capacity of around 1.0 L.
The cheaper cars with reasonable repair costs, such as regular family cars, are usually cheaper to insure and run, than large or powerful cars. Large cars, along with more powerful ones, are generally more expensive to repair.
Older cars often attract discounts for comprehensive insurance premiums and third party cover.
As each new model is launched in the UK it is given an insurance group rating. This helps the car insurance companies to assess your quotation and they input this information to arrive at a premium decision.
In the Country or in the Big City?
Where you live can also have a big impact on the level of your car insurance premium. So your postcode makes a real difference.
The reason being that insurance claims are far more frequent in urban areas so motorists in cities usually pay more. In the country and rural areas, drivers generally pay less as accidents are statistically lower.
What if you do not want to buy a small car with a tiny Engine?
All you need to do is just spend a little extra time online getting at least four quotes. Three quotes from online price comparison sites and one from your current insurer.
When you have your three online quotes go back to your current policy provider and ask them to beat it. They usually do.
It sounds really easy and it is. You just look up a few comparison sites and I guarantee you will get a lower quote.
Unfortunately most people will not take the trouble to look online. I just do not understand why people throw money away like that do you?
Get smart with your money and spare an hour online to really crush those car insurance premiums.
You will save money!
Consumers come to expect certain discounts in different expenses. Auto insurance is a perfect example of how discounts can shape the way consumers act, drive, and how they maintain themselves on the road in order to obtain better pricing. But to get the best prices, there are few rules to keep in mind in car insurance etiquette.
Students get a lot of benefit from car insurance discounts, although they are usually not enough to compare to the savings adults experience. Regardless, students can make use of their good grades for better pricing in car insurance. Having a certain grade point average, being in the top percent of one's class, and obtaining awards can all bring down the cost of car insurance for students.
Students may get benefits that adults don't when concerning discounts, but they often pay more on average regardless. This is because younger drivers aren't generally trusted by insurance companies, as they are usually new to driving and may experience more wrecks. As a result, auto insurance usually decreases with age. This is why adults will usually pay 3-4 times less than younger car owners, and isn't something that can be avoided.
Proper behavior when driving on the roads will nab consumers a large discount in prices. Resisting the urge to speed, get speeding tickets, be in trouble with the law, or even staying out of a car wreck can have profound effects on one's monthly car insurance bill. This also seeks to keep the roads safer for everyone, something that is even more important than saving money on car insurance prices each month.
Marriage is another factor when car insurance companies are determining the amount of discounts consumers get. Being married is usually seen as a responsible sort of thing to do, and as a result, car insurance companies will offer discounts to those who are married. The savings are also achieved if both bride and groom have car titles with the same insurance company, since most insurance companies give discounts to multiple car accounts.
Consumer don't always have to put an emphasis on sticking with one company's discounts. As will be made apparent with shopping around, insurance companies and their discounts vary by a wide amount. While some companies may reward students for good grades, another might not. This just proves that not every insurance company caters to a certain type of people- and consumers should investigate all of their options as a result.
Closing Comments
As a last note of advice, always be sure that car insurance companies have enough experience and reputation to assist one's needs before opting for their services. Not every auto insurance agency will be friendly or nice- so asking around among friends and family is a great idea to find the best auto insurance company. If all else fails, consulting the Internet will yield positive leads in finding the best option.
Both Adrian Kelly & Todd Stevens are contributors for EditorialToday. The above articles have been edited for relevancy and timeliness. All write-ups, reviews, tips and guides published by EditorialToday.com and its partners or affiliates are for informational purposes only. They should not be used for any legal or any other type of advice. We do not endorse any author, contributor, writer or article posted by our team.
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