The Importance Of Having A Genuine Car Insurance Policy

Introduction to car Insurance

The thought of car insurance premiums do often make motorists cringe (http://www.cheapcarinsurancex.org/)- because of exorbitant nature that insurance for vehicles have become. This fear is not based on the renewal time looming- but instead, how they'll pay up another monthly installment .

The last decade has seen the steady rise of premiums nationwide at an alarming rate that getting a cheap premium is getting more difficult by the day- without concerted efforts. No matter how pricy car insurance premiums can be- they are still vital for driving any vehicle on the road.

Is motor insurance policy a necessity?

 In most countries, vehicle insurance is considered vital for every motorist. In the UK for instance, the law enforcement agencies are always on the prowl to enforce drivers have valid insurance policies for the cars they use. There are two important reasons for having an insurance policy:: Coverage against claims from motorists or passengers looking to exercise legal obligation against a policy holder that is the major cause of an accident in which losses and or damages occurred as a result. Driving whilst uncovered can result in a driving ban of up to 5 years, attract endorsements on your licence, you might be ordered to retake your driving test and risk of incarceration for persistent offenders.

What to expect when you drive without a valid insurance policy on your vehicle

Driving without a valid insurance policy constitute a driving offence. Below are some of the risks you face for driving without an insurance policy:
1, You may incur endorsements on your licence which may hinder your ability to secure a job that involves driving or even risk losing your licence all together.

2, Drivers who consistently attempt to beat the law by not having an insurance policy on the vehicle they drive often get a driving ban when caught- the number of years for bans can vary from months to years.

3, Most times, offenders do get away with minimal or even massive fines for not driving with a valid insurance cover.

4, As absurd it may sound, motorists can be jailed for driving without insurance on their vehicle in very exceptional circumstances- typically if they are consistent offenders or they've caused a whole lot of damage as a result of not having a policy in the first place.

Cardinal rules to observe when taking out a policy

Young and new drivers attempting to by car insurance for the first time can rather find it complex- as they may not know what to look out for in a policy. With all the 'jargon', 'lingo', terms and conditions contained within the policy, new drivers might often need experienced drivers to explain the policy to them in plain and simple English- http://www.cheapcarinsurancex.org/cheap-car-insurance/green.

Nevertheless, there are still important things to consider in a policy before even considering to buy it. Below are a few important ones to look at:
- Make up your mind on the type of policy you want- all policy are not equal and the 3 main types are third party fire and theft cover, third party only cover and comprehensive cover.

- The level of excess is what you pay towards the cost of repairing your car should you be involved in an accident which is either your fault or that of the third party, typically higher excess means lower premiums and vice versa

- Avoid settling for the first quote that comes your way, otherwise, you'll lose out on cheap deals. Compare as many quotes possible. - Your policy contains special conditions which you must comply with to avoid breaching any clause in the policy- for instance, does your policy allow for you to drive other cars? Does your policy cover you for driving in other European countries? Is break-down cover included in your policy?

Getting the lowest premium possible using these 5 easy steps

Apparently, there is no cheapest car insurance provider. Basically, there are overwhelming variables that can influence the cost of vehicle insurance coverage: who you are, what you do for a living, where you live, the type of car you drive and your driving history, all contribute to what insurers use to determine the amount of premium you pay for your policy. You are now compelled to get the most affordable motor insurance deal possible by:

- Purchasing a vehicle that is within a low insurance group. For example, smaller engine sized cars like Fiat Punto, Vauxhall Corsa all fall within the low insurance group of cars as a result of their small engine capacity. High insurance premiums are allocated to bigger engine cars while smaller engine vehicles attract lower premiums.

- Increase your excess: Apparently, the higher your level of excess the lower your policy and the lower your excess the higher your premium. Avoid over inflating your excess as the amount will be required of you should you be involved in an accident.

- Parking your vehicle in a garage overnight can help lower your premium. Minimizing the risk of criminal damage, burglary and theft should enable your insurer offer you cheaper premiums in return.

- Getting an approved security device installed in your vehicle to deter those would be thieves and burglars, alarms, immobiliser and trackers are good example of recommended devices which insurers are willing to reduce premiums.

- Shop around, compare quotes, use car insurance comparison sites like http://www.cheapcarinsurancex.org/cheap-car-insurance/short-term/pay-as-you-go to compare over 110 insurance companies from selected low cost insurers.

Final thought on car insurance

It cost more to drive your car without adequate insurance protection than when you have a valid cover : If you're involved in an accident that was your fault, without an insurance policy, you'll risk being sued for damages by third parties and the cost of settlements can become overwhelming if you do not have the financial means.

Legal claims from third parties, your car being seized or scraped and settling third party litigations are all typical examples of risk motorists can encounter for not insuring their vehicle. On the other hand, insuring your vehicle only gives you peace of mind and away from trouble.

Always make sure you insure your car with at least the most basic level of cover before you drive on the road.
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