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Monthly Archives: April 2017

Great Car Insurance Tips

Motorists could be forgiven for not getting other quotes, it used to be a very laborious exercise involving long waits while getting routed through the call centre, and boring repetition of facts to sales advisors. Now, thanks to the internet, it’s all a lot more simple. Car insurers also offer extra discounts to people who buy online.

However, you need to consider the quality of the policy, not just the price:

– Check that your low quotation is not due to an extremely high excess.

– Check that you will get a courtesy car if your car needs to be taken in for repairs.

– Check that legal insurance cover is included, if you want it, and automatic windscreen replacement.

– Find out if there is an accident help line in case of an emergency.

It’s a good idea to ring the insurer direct to talk through the policy in detail before signing up online.

Money saving tips – recommended!

You can get a quote with over 40 car insurers if you input your details into a good car insurance broker’s website. You’ll only need to give your details once. Call the insurer with the quotation to check exactly what is and isn’t covered.

If you have a garage, then you’ll save by keeping your car there overnight. You’ll also make savings if you can keep your car on a driveway. This is because there is more chance your car being broken into or vandalised if it’s kept on the road.

Give your insurer an accurate picture of how many miles you do each year – you will save if you travel less.

Some occupations, like being a landlord, journalist or professional footballer (if only) attract higher premiums. You can save money if you work in finance or the civil service.

Get married! Men under 30 pay more if they’re not married – it’s just the excuse your girlfriend is looking for!

Under 25’s pay more, but you can get lower premiums if can put a driver over the age of 25 with a good driving record on your policy as a named driver. That person must be under 60 though, as premiums rise again at that age.

Agreeing to higher excess (the average cost is £100) will help lower your premiums.

If your car is not of a high value, you could get third party cover and make quite a saving compared to fully comprehensive insurance.

Pay as you go insurance is a new option for 18-21 year olds. It’s a recent development introduced by Norwich Union, in which you pay a unit cost per mile. The cost per mile is more between 11pm and 6am. You pay an initial fee of £199 to have a Global Positioning System fitted to your car, and then it transmits details of your mileage direct to Norwich Union. They send you a monthly invoice and you pay for the miles you’ve done!

Taking Pass Plus lessons to improve your driving abilities could save you around a third on your premiums. They cost £15 – £30 an hour and cover driving at night, in busy rush hour jams and fast motorway driving. You can find out more at www.passplus.org.uk . You can also improve your driving skills and make insurance savings with the Institute of Advanced Motorists ( www.iam.org.uk ).

Find out the insurance group of a car before you make the purchase. There are twenty insurance groups – the slower and less desirable the car (to criminals) then the lower the rating. You could make considerable savings by choosing a car in a lower insurance group.

If you want a high spec or performance car then you can expect to pay a lot more on your insurance. They’re a lot more likely to be stolen or involved in an accident. Making the sensible choice might be a bit boring, but it will be a lot cheaper.

Watch your speed. Most insurance companies will let you get away with a single fixed penalty fine but if you repeat the offence then your premiums will rocket.

Protect your no claims discount as soon as you can (usually after four years). It costs a bit extra but it’s well worth it.

Satellite navigation in your car will lower your premiums. Insurers have found that people concentrate more on their driving and less on trying to find their way, which means less chance of having an accident.

It’s a good idea to have an engine immobiliser or alarm fitted not just because it could help you keep hold of your car, it will also make you a saving of 5-8{ea74fb1876b09704ca77e61ba0740c2359bd142251766a3a187ca67fcb18aa63}.

If there’s two or more cars in the household, get them on the same policy to get a good discount.

 

Car Insurance Rate Variable

Rating Criteria

Credit Reports – Most of the insurance companies use credit as part of the equation when setting rates. Some people do not understand the relationship. Actuaries have come up with the statistics that prove credit to be a significant rating factor. There is a stability factor and relationship to accident frequency that coincides with the credit history.

Vehicle Types – This can be kind of tricky. Some newer vehicles actually have better rates than the older vehicles because of all the safety features. Some vehicles have high theft rates. Make sure that you get the vehicle identification number of any new vehicle purchase and give it to your insurance company to obtain your new rate.

Rating Territory – You are stuck with this one unless you move to another geographical area.

Driver Info – The driving records and ages of your drivers will play a significant part in your rate.

Discounts – There are several ways to discount your car insurance. Purchase the home policy with the auto policy to get a multi-policy discount. Good student and drivers training discounts are available to young drivers with some companies. Retirement discounts and discounts for taking a mature driving course are available for senior citizens.

The cheaper rate is really up to you. Do your home work and ask your insurance company a lot of questions.

 

Things You Must Know before Buy Motorcycle Insurance

Make sure you know who is underwriting the insurance.

The underwriter is the guy (or gal! ;)) who pays up if you need to use the insurance due to a wreck, theft, or vandalism. So you will want to ensure that you have a dependable underwriter for your motorcycle insurance. If your underwriter is not dependable, you could end up with no motorcycle to ride and no money to replace it!

Compare rates as well as policy details.

Just because one insurance rate is cheaper than all of the others does not necessarily mean that you are getting the best deal for your money. Check your state and local laws to learn exactly what insurance coverage you need to purchase for your motorcycle. In this way, you will not be paying for coverage that is not needed and you will have at least the minimum of what the law requires. You may want to get coverage that includes yourself or another driver, passengers, custom equipment, collisions, uninsured motorists, and medical payments. Ask your insurance provider what they offer in motorcycle insurance and compare them against several different companies to find the best price and insurance for you. Be sure to compare like with like in this area. Cheaper is not always better.

Many insurance companies offer a discount on motorcycle insurance if you take an approved motorcycle safety course.

Ask if your company does. There may also be discounts if you purchase other insurance from them as I mentionned above. It never hurts to ask what kind of discounts that a particular insurance company offers, as it may just save you some money! The worst they can say is that they do not offer any discounts. In which case you are no worse off anyway.

A few things that come into consideration when you are getting a quote for motorcycle insurance are your age, riding experience, driving record, and details about your bike, such as value, power, age of bike, modifications, and where it is kept at night. Be honest about the questions that the insurance company asks you. If you do not tell the truth and something happens, then your claim can be denied later on down the road! So be careful. Be prudent. Tell the truth!

Motorcycle insurance is the easy way to protect your bike and yourself from any number of things that can happen in life. It can protect you from financial ruin if you have an accident and cause property damage or other damage. And it also covers you in the event that your bike is stolen or damaged.