Cheap Car Insurance

As we all face more and more demands on our finances in our busy and complicated modern lives, it is perhaps understandable that motorists often focus on finding the cheapest quote when arranging car insurance. However, taking the cheapest premium can often be a false economy.

As cars, vans, bikes, etc. are expensive and complicated pieces of kit, they are inevitably expensive to repair when misfortune happens. A cheap policy may offer low up front monthly premiums, but how cheap does it seem when you’re asked to cough up the first £400 of a repair claim because you chose to set the excess to the maximum. Also, what about convenience? If you use your car everyday but don’t opt for a replacement courtesy car, you are stuck when an accident puts your vehicle off the road.

There are a million and one different scenarios to consider. The bottom line is to get the cover that is most suitable for your needs and this is rarely the cheapest cover on offer. obtain comparison quotes for your car insurance

The first decision to make is what level of cover to take - Third party, third party, fire and theft or comprehensive. The basic level of cover is third party only. This is the minimum required by UK law and it is the cheapest because it exposes the insurance company to the lowest potential expense as it only covers the cost of repairs for the other party’s vehicle if the accident is your fault. Third party, fire and theft cover is slightly more expensive as it also covers your vehicle against the financial cost of fire or theft of your vehicle. These policies are suitable for those wanting basic cover and cheaper premiums and those insuring a low value car.

However, if you value your car highly (for sentimental reasons, etc.), or need your car to be fixed quickly through your own insurer, then you should consider comprehensive cover. This level of insurance will pay for repairs to your own vehicle if the accident was your fault. You could save money by opting for a lower level of cover than comprehensive, but if an accident is your fault and you want to repair your car, the garage costs involved will make opting for cheaper cover a false economy.

There are a number of other options that the cheapest policies will not include that you should consider to ensure you have the right level of cover. Many motorists don’t consider paying a little extra to safeguard their no claims discount, but adding this facility to your policy can definitely save money in the long term. Without protection, a customer will loose a portion of their no claims discount if they make a claim. This will result in a significantly higher premium when the policy comes to be renewed. However, if the no claims discount has been safeguarded the level of discount is maintained even if a claim is made. It must be noted that insurers offering this facility will have a clause limiting the number of claims that can be made in a set period. Usually, this is 2 claims in a 3-year period, but it can vary from provider to provider. obtain comparison quotes for your car insurance

Excesses are another key area for consideration. Policies that outwardly look cheap are likely to have high excesses, which places a financial burden on the policyholder when making a claim. By paying a little more up front in premiums you can secure more manageable excesses that will not break the bank when claiming.

So in conclusion, don’t just settle for the cheapest premium. Assess your coverage needs, comprehensively research the market using a comparison provider like Bullhorn and get the right policy for you, even if it costs a bit more in premiums. Paying for the right policy will save you money in the long term, guaranteed. obtain comparison quotes for your car insurance