Motorists should be well-versed in the different types of car insurance to ensure that they are fully protected when driving. There are a variety of different covers available, and motorists can usually find a policy that suits their needs at a price they can afford. In addition, there are many discounts available for those who shop around for car insurance. You can compare them at one sure. Here are some tips on what you should know to successfully insure your car.
Types of Car Insurance
So the first step is to understand the different types of car insurance. The most common are third-party, fire and theft, and comprehensive.
Third-party covers damage to other people or property that you may cause while driving, but it does not cover any damage to your car.
Fire and theft cover protects your car against damage caused by fire or theft, but not by accidents.
Comprehensive cover is the most complete form of protection and covers damage to your car, as well as third-party damage and theft.
With comprehensive insurance, there can be the opportunity to reduce our premium through policy excesses applied. Sometimes these will be applied by the insurance company using compulsory insurance excesses. As well, we can voluntarily increase our excess in exchange for a lower premium.
So why would an insurer apply an excess? In the case of younger drivers, it makes the policy affordable. With any driver, it makes them more responsible if they have to pay something in the event of a claim. With comprehensive cover, insurers will often include windscreen cover as standard. This will have a smaller excess applied compared to other excesses that you will see on policies. Fire and theft cover will generally come with an excess of £100. Accidental damage excesses can vary from £100 to £300 on average.
There are several ways to get discounts on car insurance. One is to shop around and compare quotes from different insurers. Another is to be a careful driver and build up a no-claims bonus that can be applied to any motor insurance policy that you take out. Once you reach 5 years or more you could be looking at either 60 or 65 percent off your premium each year.
Other discounts are given for keeping vehicles in garages overnight and having alarms or immobilisers fitted that are insurer approved. Thatcham approved is a term you may well have come across. If you see this, then you also know that you have got a good alarm system.
Comparison Sites and Insurance Brokers
One of the best ways to find the most affordable car insurance is to use a comparison site. Comparison sites allow you to compare quotes from a variety of different insurers, all in one place. This makes it easy to find the best deal and save money on your car insurance.
However, when you seek out an insurance broker, you can think of them as like a comparison site because they provide a service that means they search around different insurance companies on your behalf to look for the best price. Brokers can do the work for you in that respect. Always allow plenty of time when looking for a cheaper quote, then you can have the pick of the internet. Go with a trusted broker and they can look after your motoring interests for years.
When you are looking for car insurance, be sure to understand the cover types and discounts available. By doing your research, you can find a policy that suits your needs and budget. And, by using brokers or comparison sites, you can be sure you are getting the best deal possible.