The secret to getting a car insurance bargain

Car insurance is a necessary pain, a chore that we must all endure before we get our sparkling new set of wheels out on the open road. Of course, having shelled out on your new car you want to feel like your paying as little as possible on something as boringly practical as insurance. This is kinda frustrating because it means we feel obliged to spend a bit of time shopping around rather than settling on the first deal we stumble upon. Still, buying insurance was never gonna be a particularly thrilling process and hopefully with the following few tips we can help make the whole thing as quick and painless as possible.

• Your first job is to decide what sort of policy is best for you. Basic third party insurance will cover the cost of damage to another driver's vehicle and is the minimum legal requirement. Although this'll be a cheaper option it won't give you much protection on anything in the way of damage to your vehicle.

• Unless you're on a particularly tight budget it's probably advisable to look beyond third party and plump for fully comprehensive car insurance. This offers the extra assurance of covering any damage to your own car in the event of an accident caused by yourself. Shop around and you'll find that you can get add-on benefits like the use of a replacement car whilst yours is being repaired.

• If you plan on using your vehicle for occasional business related travel make sure you check whether you're covered for accidents that happen outside your social, domestic routine unless explicitly mentioned in your agreement you probably won't be. In this event additional cover is advisable.

• If you're a young driver insurance premiums are almost certainly going to be higher than for a more established, experienced driver. A good way to reduce costs is to get some extra qualifications beyond the standard driving test, like motorway or night driving.

• Keep premiums down by limiting your policy to named drivers only and paying a voluntary excess.

• It might be an equally worthwhile money saving tactic to improve the security on your car. Check with your insurer but often the installation of car alarms, immobilisers and parking your vehicle in a garage overnight can help.

• It's worth keeping your eyes peeled for a protected no-claims discount. It will cost you a little more but protects any accumulated no-claims discount that may otherwise be reduced in the event of a claim. They can give you very worthwhile savings (potentially up to 65%).

• Save time and money by going through a broker or a company who uses the services of numerous insurers, this will make sure your cover is the most suitable and hopefully cheapest selected from a larger pool of deals.

• Do make sure you keep you insurer notified of any changes of circumstance and indeed anything that may affect you cover, any failure to disclose relevant information might invalidate a claim.

Article Source: http://www.rightbiz.com

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