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Posts Tagged ‘Car Insurance Premiums’


25.01.2011

Where To Find Cheap Car Insurance Online

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Many people find car insurance confusing – and as a result end up paying more than they should in a very competitive market. The monthly payments or premiums depend on several things – your level of cover, the company insuring you and how much of a risk the insurance company deems you to be.

The popularity of the internet has made it easier than ever to find, compare and choose car insurance on line. Most companies can give you a quote fairly quickly in general, it will take from between ten to twenty minutes to enter the required information into one of the online application forms. Theres also usually a free number to ring if you want to talk to a person.

Comparing car insurance quotes online

Obtaining car insurance quotes online is fairly straightforward – although there are some things you should keep in mind. Not all insurance companies will provide an instant quote on the screen in front of you; some companies may email the quote to you or ring you at a later date.

Some car owners dont realise that even if their current policy isnt up for renewal just yet, most insurance companies will allow a customer to cancel the policy, if they decide to switch insurance companies. In this case, you are generally entitled to a proportionate amount as a refund.

One way to easily compare car insurance rates and products is to use one of several web sites which offer comparison shopping. Two of the better sites are the aptly named
confused.com and moneysupermarket.com. Most sites compare the UKs top insurance companies, including AA, Norwich Union and First Direct.

How to keep your premiums down

There are several ways you can reduce the cost of car insurance. Premiums are lower if you keep your car locked up in a garage overnight over 50% of cars are stolen at night. Otherwise, try to park in your driveway, rather than on the street this will also decrease the chance of vandalism.

Make sure you accurately report the mileage that you drive in a year dont pay for too much mileage. A change in employment or lifestyle may mean less mileage many people dont bother to change their car insurance details when this happens.

Having a car alarm or immobiliser installed in your car will also usually result in lower payments. An additional driver using the car may mean increased premiums. And of course, your past driving record also has a significant effect on the cost of your car insurance.

Basic car insurance policies

A recent and welcome – innovation in car insurance is the concept of so-called basic coverage, as offered by both Tesco and Norwich Union, in an effort to simplify the often confusing process. Basic coverage also allows car owners to take out adequate insurance without paying more than they need to.

Norwich Unions product is appropriately named Simple Cover and is available online only. The product also eliminates some of the unnecessary extras that customers tend to unknowingly pay for. Another big difference is that the premium is payable in a yearly lump sum, rather than monthly.

Tesco value car insurance is also available online only even the application form is simpler and Tesco has taken some of the unnecessary extras out, which can increase the cost of premiums. For example, Tesco value car insurance doesnt offer a replacement car for use during repairs, or cover a broken windscreen.

Shopping for car insurance online shouldnt be difficult. With a little bit of research and the right list of web addresses, choosing the right car insurance can be easy and stress-free.

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02.11.2010

Reducing Your Car Insurance Premiums

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When it comes to reducing your car insurance premiums you can do a lot to help yourself. However one of the biggest ways in which you can make savings is by choosing to look around for your car insurance. Not only should you shop around, but the best place to look for your car insurance is by doing so online.

Reducing your car insurance premiums isnt really all that hard just type in the words car insurance on any popular search engine and it will give you a huge range to choose from. Of course while this is the best place to look when it comes to purchasing your car insurance, there are some factors that you should have given some thought to beforehand.

To begin with when it comes to reducing your car insurance some thought should be given as to the type of car that you should get. The smaller the car, the less your car insurance will cost you, if you choose a car with a bigger engine then your premiums will be a lot higher. Another factor to take into consideration when it comes to choosing your car is to avoid buying one which is imported, this is usually because the cost to repair them is more expensive.

The more security features that you install on your car, then the safer it is classed, and as such this can help to bring down your premiums. Many insurers will have listings giving you information on the brands and types of security features that they class as being better than others, simply by installing these you can reduce your car insurance premiums.

One of the biggest ways you can make savings is by having a clean driving record; if you have points on your record then this will boost up the amount that you are quoted for your premium, however when applying for your insurance online it is essential that you be totally honest if you do have points.

Always make sure that you dont include people on your insurance that arent going to be driving your car on a regular basis, the more people that you have on your insurance then the higher the premium will be, so if you have family members listed then consider removing them to save on your premium.

Other ways in which you can reduce your car insurance premium is to take advanced driving lessons to boost your safety record and if you are a young driver, an older driver or a woman driver then check out the many specialist sites which cater specifically for age and gender.

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26.10.2010

Reduce Your Car Insurance Premiums

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Insuring your car is without a doubt one of the costliest parts of motoring. However you can make savings when it comes to your car insurance just by following a few simple rules and using some common sense. Here are just some of the ways in which you can reduce your motor insurance premiums.

Before you buy your new or second hand car then check out which insurance group it is the lower, the better and the prices of insurance premiums. The insurance will be based on the cost of the car, its safety record and the risk of theft that comes with the model. You may be surprised how much the premiums can vary simply by owning a car in a higher insurance group.

The number one point – apart from buying a car in a low insurance group – to help save yourself some money is to shop around for your motor insurance. Simply by shopping around you can save yourself quite a bit of cash. Prices do vary widely from company to company so it is in your best interests to get at least three quotes, preferably more.

You can do this online, quickly and easily.

If your car is an older vehicle then consider reducing the type of cover you have for it. If it is worth less than 4000, Maybe just insure it as third party, fire and theft instead of fully comprehensive. This will lead to cheaper premiums.

Some companies offer discounts to those motorists who keep their mileage down. If you dont use your car a lot then consider going with such a company.

If you have no claims bonus, this will attract a discount. And if you have taken extensive or advanced lessons in driving then ask about reductions for this. Many companies offer cheaper premiums for those with excellent diving records or additional motoring qualifications.

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03.08.2010

How To Find The Cheapest Car Insurance Companies

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In September, one of the UK’s largest car insurers announced that they expect car insurance premiums to rise 10-20% in the next twelve months. There are many reasons for the rise – The Motley Fool blames the floods, for instance, while Admiral Insurance says that the rise is due to the fact that premiums have been kept artificially low for the past several years. The news has many UK drivers seeking cheaper car insurance premiums than they are currently paying.

You’d think that finding the cheapest car insurance company would be a simple matter, but there’s more to it than just checking the prices at all the companies and telling you “X Insurance Company will insure your car for less”. The fact is that auto insurers include far too many variables when devising their quotes for any responsible advisor to tell you point blank that any one company is the “cheapest” insurance company in the UK. We can, however, tell you how to find the best car insurance option for your particular situation. Here are some tips to help you find the most economical auto cover.

- Search online for the best and cheapest cover.

Online insurance search sites allow you to solicit quotes from many different insurers using the same information. Checking price comparison sites will give you a baseline for comparison, but it’s important to look beyond the comparison sites. Be aware that many insurers are not represented on most comparison sites, so you may be missing out on cheaper rates if you only look online.

- Look to non-traditional and newer insurers for the best prices.

In a recent experiment, one of the bigger comparison sites searched 33 insurers using a variety of risk profiles. The results? Newer insurers and companies not best known for offering car insurance consistently came out among the cheapest premiums, with Marks & Spencer coming out at the top of the list of cheapest insurers consistently. However, they cautioned, with all the variables that are used by car insurance companies, your results may be different.

- Be sure to take your safety discount and any loyalty discounts you have with your current insurer into account when comparing premium quotes.Many insurers offer perks for staying with them, especially if you’re considering switching companies. Be sure to count decreases in excess and safe driver discounts when you’re considering the costs of changing car insurance companies.

- Don’t be afraid to bargain. When you submit your information to several auto insurance companies for a quote, you’ll be armed with the ammunition you need to get the best deal possible. If you’re satisfied with your current insurer, but have got a lower quote elsewhere, you might find they’re happy to offer you a lower rate to keep your business. Ring them up and let them know that you love their service, but you’ve been quoted a lower premium by another company and ask if they can match it. Be specific. You might be surprised to find how much they value your business. And if they don’t – you’ve got that lower quote, don’t you?

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13.07.2010

Five Steps To Beating Rising Car Insurance Premiums

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Following announcements from leading motor insurers in 2007, premiums for UK car insurance are expected to rise by 10-20% in 2008.

A range of causes have been quoted from a rise in claims due to unforeseen events such as the recent floods to premiums already being artificially low for some years. Whatever the reason, a further hike in motoring costs coupled with increases in other non-discretionary costs of living mean that 2008 could be an expensive year for millions of UK residents.

Fortunately, there are a number of steps you can take to counter these inflation busting increases on your motor insurance.

STEP 1 – Don’t believe the hype

In spite of what the adverts tell you, there’s far more to finding the cheapest cover than simply comparing the quoted rates. It’s a complex, multi-variable product, and deserves your attention because of this. Have a good think about how and when you use your car and what type of cover and options you do and don’t need. Many of us continue to renew policies with options we don’t need and are unlikely to use.

STEP 2 – Search online for the right cover and the lowest price

The primary benefit of searching online is that you can compare cover and premiums from several dozens of companies using the same information. Price comparison sites will give you a baseline to work from, but be aware that not all comparison sites are equal. Some make assumptions about your needs and get quotes that may be higher or lower than you will be offered. Look for comparison sites that guarantee the accuracy of the premiums quoted.

STEP 3 – Look to non-traditional and newer insurers for the best prices

A surprising study run by a consumer advocacy group ran profiles through 33 insurance companies via multiple price comparison sites, and checking a number of risk profiles. The end result was that newer insurers, and insurers not known for doing motor cover consistently came out with the cheapest premiums. Don’t close your eyes to a good price just because the company isn’t “known” for car insurance.

STEP 4 – Get cover that matches your driving needs and habits

Many of us just buy a standard car insurance policy with cover options that we are unlikely to need or use. If you’re a low mileage driver with a standard policy you could be wasting hundreds every year. There is even a new ‘pay as you drive’ policy that uses a GPS device installed in your car so that your premiums are linked to your personal driving habits including mileage, the roads you use and time of day you use them.

STEP 5 – Reduce the risk and make the most of discounts

Premiums for any insurance are based upon risk, so to reduce your premiums try and reduce the risk of needing to claim on your policy. Factors such as where your car is parked, how it is used and how secure it is are all factored into premiums. A little known trick that can work with some insurers is to add a low risk named driver to your policy. A female over the age of thirty with a clean driving record can cut your premiums by 5-10%.

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15.06.2010

Cut Your Car Insurance Premiums

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in Car Insurance
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Car insurance is one of the dearest parts of owning and running aCar insurance is one of the dearest parts of owning and running a car, however by taking a little time to research the market place and by taking advantage of the resources that can be found online you could save money when it comes to renewing your car insurance.

When taking out your motor insurance policy check out what excess the company is asking or with your policy. By offering to pay more excess you can reduce the cost of your premiums which could end up saving you money. The excess is what you pay towards the cost of the claim when you make a claim, for example you stand to the first 50 or 100.

Having a good no claims bonus can help to cut the cost of your premium by up to two thirds. By protecting your no claims bonus it will cost you but in the long run it could well work out to your advantage.

By adding a named older driver to your policy you can knock off around 10% of your insurance premiums. Similarly, if you have younger drivers named on your policy then have these taken off to help reduce your premiums.

Fitting extra security to your car can also help to save you on your premium. Fitting good quality locks, steering locks and alarms and having your windows etched with security codes can all help to reduce the costs.

If you can afford to the pay for your premium for the year upfront, this can sometimes knock around 30% in insurance off your premium rather than paying for it monthly, which would attract an additional fee.

Consider taking advanced driving lessons. The more qualified you are for driving then the cheaper your premiums are, simply because the insurance company sees you as less of a risk.

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