How to get the best cover
for your family car
Although a family car may be a second-hand
vehicle or inexpensive run about it's still an essential element to a family's
well-being. Numerous families rely on the family car to get the children to
school and sporting activities. Family cars are used to get family members to
workplaces and to run all the various errands that managing a household entails.
The family's social lifestyle may be heavily dependent upon the family car.
Thus, one could say the family's social, financial, and emotional well-being
could all be dependent on the family car. Therefore, it makes sense to protect
the vehicle as much as possible by purchasing the right car insurance.
Nowadays, it's quite possible that the
family has more than just one vehicle. One or more of them could be a newer make
and model rather than just being an inexpensive run about. This makes it even
more important to protect the family's investments with adequate insurance
cover. However, with insurance premiums constantly increasing, many families
find it difficult to fit car insurance policies into their budgets.
Fortunately, there are several ways families can trim the cost of their car
insurance. According to recent research, at least 45% of all British drivers are
paying too much for their current insurance cover. Whether buying insurance for
one or several vehicles, the following steps may help prevent you from being in
Steps to take to reduce premiums
Do in-depth comparison shopping: Not all
insurance companies determine the premiums in the same manner, so premiums can
greatly vary from insurer to insurer. Never just automatically renew your car
insurance cover. Never merely accept the very first low offer you find that
seems to be a good deal. It may be low, but it isn't necessarily the best deal
or right cover for your situation. Some low cost insurance comes with hidden
fees and charges, so you must read all the fine print too.
Do your comparison shopping online: It's
less expensive and less time consuming to do it this way. Most reputable
insurers now have websites available, plus there are numerous insurance
comparison sites that offer free assistance with finding quotes. It's best to
visit at least two insurance comparison sites to find a wider variety of offers.
You simply enter your information into a form, submit it, and then either you
can get a firm quote online or the various insurance agents contact you to give
you quotes based on the information you provided. Be sure you give truthful,
accurate information when seeking quotes or purchasing insurance, whether
shopping online or off-line. To ensure accuracy and ease, gather all the
necessary information before applying for quotes or purchasing a policy.
Consider group insurance factors: Insurers will usually classify each driver
into an insurance group based on age, gender, credit history, driving record,
residence, occupation, education, and health, as well as mileage driven and type
of vehicle for each driver being insured. Try to reduce the insurer's risk in
each of these areas as much as possible. For instance, possibly limit the
frequency and mileage a car is driven, especially for any driver under 25 years
old. Stop smoking, taking drugs (unless prescribed by a physician), and drinking
alcoholic beverages, if you happen to participate in these potentially addictive
habits. Establish and maintain a good credit history and driving record. Take
extra driver training courses if at all possible. When purchasing a vehicle,
consider its insurance group factors, and try to stay in an insurance group with
a low number.
Ask about discounts: Not all insurers offer the same discounts, nor do they
always tell you about the available discounts unless you specifically ask. This
is especially true if you are renewing a policy with your current insurer. Some
insurers give special discounts for purchasing cover online.
Always inform your insurer of any changes that might affect your premiums, such
as address changes, a driver turning 25 years old, car modifications, changes in
occupations or work locations, and adding or removing drivers from the
household. Not informing the insurer could invalidate your cover, as well as
prevent you from taking advantage of any new discounts you may have become
If you have more than one vehicle, consider getting multi-car insurance or
combining your car and home insurance cover. However, do some comparison of both
single and multi-car cover. Due to the vehicle's makes & models, age of drivers,
or other factors, it may be better to insure the vehicles or drivers separately
rather than as a group on one policy. You may be able to transfer vehicles to a
multi-car policy even if they aren't up for renewal yet.
Ask family, friends, and co-workers about their insurers. They may have already
found some really good deals that you might be eligible for too.
In some cases, paying a higher voluntary excess may also reduce your insurance
premiums. However, you'll have to consider this decision very carefully. A
recent research project commissioned by comparison sites have revealed that the
average person only saves up to £59, or 15%, of the annual cost of a premium
when comparing a £100 excess to a £500 excess. A mere savings of £5 existed
between having an excess level of £250 compared to £300. The only significant
reduction in premiums occurred when increasing the excess voluntarily from £0
excess to £100 excess. Raising your voluntary excess may save you a little money
in the short term, but cost you a small fortune if you ever have to file a
claim. It's good to remember that nearly every driver ends up in an accident
sooner or later, no matter how safe or good a driver they may be. Be sure to set
your excess at a comfortable level that will not be difficult for you to meet,
even if filing a small claim.
Trim off any extra services: Some insurers
automatically include extra services with the policy. These can cause additional
fees. Don't be shy about asking your insurer to remove any extra services that
you may never use.
Remember that any type of shopping for
family car insurance can become overwhelming. Comparison shopping online is no
exception. You'll have to be just as selective when purchasing online as you
should be when buying off-line. Check out each insurer's reputation and
financial stability, as well as efficiency and customer service. Make sure your
family car insurance is specifically tailored to your needs.
Life can be very hectic and confusing even during the best of times. Finding,
comparing, and purchasing family car insurance can make life even more hectic
and confusing. If you need any assistance, you should contact a reliable
insurance specialist or broker. Many insurers, specialists, comparison sites,
and brokers may be found online, and some offer free live chats to answer all
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