Vehicle Insurance Facts To Remember Always

Introduction to car Insurance

The thought of car insurance premiums do often make motorists cringe- because of exorbitant nature that insurance for vehicles have become. Consequently, high premiums in recent years is a major determining factor. 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.

Why we need car insurance policy

Motor insurance policy is considered mandatory for every motorist in most countries. 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. The major advantages of being adequately covered are::

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.

Secondly, it is against the law in the UK to drive a vehicle without a valid insurance cover- offenders can have endorsements on their licence, get a fine, be disqualified from driving, or even imprisoned for severe and unique cases.

Risk for not having a valid insurance policy

Do not drive a vehicle which you do not have a valid insurance policy on. Below are some of the risks you face for driving without an insurance policy:

• Endorsements are points added to your licence for breaking any of the road traffic offenses- this also not having an insurance cover to drive a particular vehicle- endorsements can also hinder one’s inability to work for an organisation that requires a clean licence.
• It’s common for persistent offenders to get couple of months or even several years ban for not having an insurance policy on the car they drive.
• Offenders do get minimal or massive fines which will depend on how severe the offense might be- some offence may carry up to a maximum fine of £3000 if it endangers life or property.
• There have been known cases of prolific offenders doing time for the amount of damage they’ve caused as a result of not having a policy.

What to look out for when choosing a policy

It can easily become overwhelming for new drivers attempting to get an insurance policy for the very first time. New drivers usually find it difficult to comprehend the terms or wording of their policy document- experienced drivers would be in a better position to interpret it in a simpler language for them. 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:

• What level of cover would be suitable for your situation? the three basic level of cover include- third party, third party cover and theft and comprehensive policy.
• Your level of excess is a major determining factor on your premium- the higher your excess, the lower your premium respectively
• If your premiums are unaffordable then it’s time to keep on comparing quotes until you find a cheaper and much more affordable quote.
• 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?

Five ways to obtain low-cost quotes from insurers

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:

• Acquiring a car that falls within a low insurance group. Some examples of cars within the low insurance group bracket includes: Vauxhall Corsa, Fiat Punto and Nissan Micra because of their small engine sizes. Obviously, the bigger the engine size of the vehicle the more power it generates and the higher the insurance premium.
• Increasing your excess levels would decrease your premium but exercise due caution when setting your level of excess because, the amount you state on your quote form is required of you in the event of an accident. Stick with an amount that you are comfortable with and avoid pledging an amount you cannot pay out in the event of an accident.
• Parking your vehicle in a garage overnight can help lower your premium. Reducing the risk for break-ins, theft, fire and criminal damage for the insurers will enable you get cheaper premiums from your insurance company.
• Install security systems like alarms, immobilizer and even trackers.
• Shop around, compare quotes, use car insurance comparison sites like www.cheapcarinsurancex.org/ to compare over 110 insurance companies from selected low cost insurers.

Where to get discounts for your premium

Knowing the insurance company that can offer you the cheapest quote is like finding a niddle in a haystack. Good number ways you can find discover these elusive low cost quotes will be to minimize your perceived risk factor to the insurance company and compare insurers.

There are so many insurance packages that insurance companies offer to motorist, the package you request would depend on the quote form you’re given, typical examples are: quotes for http://www.cheapcarinsurancex.org/cheap-car-insurance/student, www.cheapcarinsurancex.org/cheap-car-insurance/green + green car insurance, get pay as you go car insurance at www.cheapcarinsurancex.org/cheap-car-insurance/short-term/pay-as-you-go and many more.

Conclusion

Driving whilst under insurance protection is a lot cheaper than driving without one: The consequence of not having an insurance policy on the car you drive can be quiet costly when involved in an accident. Examples of risk motorists face for not having appropriate insurance cover on their vehicle includes- the risk of their cars been seized or destroyed by local authorities, fines, claims from other third parties and so on.

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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