Car insurance is a very important aspect of owning a car. You have to have insurance in place by law and that means you have to find the right insurance to suit your specific needs. It is there to protect you from fire, theft and accidental damage and so, understanding how to purchase car insurance will ensure that you are covered correctly. So, how do you buy car insurance?
The days of having to phone around each insurer to obtain a price are gone. This long-winded and laborious task would have taken hours but now you can do it in a matter of minutes. Finding the right insurance is so simple and you can save yourself a lot of money at the same time. However, remember that the cheapest price you see is not always the right cover because your needs might not be covered. You might require legal cover, a courtesy car and more which means that you will have to break each price down and find out what cover you are getting.
When you compare prices, you will be asked for details such as the number of years you have been driving, how many drivers you want adding to the policy, what vehicle you have and how many miles you will be driving each year. To obtain a true and correct quote, you have to get these details correct, so be honest and open because if you are not, you might find that your insurance is invalid.
Only add necessary drivers to the policy
Often, adding experienced drivers to your policy can bring the price down but there is no need to add too many drivers to the policy. Therefore, if yourself and one other driver are only going to be using your vehicle then that is all you need to add.
Protecting no-claims bonus
You might already have some kind of no-claims bonus but then again, you might be a new driver but still, you should consider protecting your no claims bonus. Yes, this will cause the price of your insurance to increase slightly but should you ever need to make a claim, the increase in cost will be insignificant. However, protected no-claims can be interpreted differently by insurers and so, you should check the small print before taking out insurance.
Increase your voluntary excess
If you want to bring your premiums down then you might want to consider increasing your voluntary excess, which is the amount you pay towards the cost of any accident repairs. If an accident is not your fault then it is possible to recover the excess but do not increase it too high, especially if your car is worth less.
Consider the security of your car
This is another thing that you will need to consider when purchasing car insurance. You can make significant savings if you install an alarm, tracking device or plan to park it in a secured area each night such as a locked garage.
Prove that you want to be a better driver
Many insurers are now looking offer black box policies. This will mean that you have a small box secured to your car that monitors your driving to see how you are driving. This will check your speed, your acceleration and braking as well as how cautiously you drive. It will also determine the times that you are on the road. Rush hour times will put you at risk of an accident and so if you are happy to prove that you are a competent and safe driver then considering a policy such as this can help to bring your premiums down.
Where to go next?
Once you have your insurance quote and you're happy with the costs. The next step is to get your car finance. CANdoo can help you get the Car Finance you need. With our rates starting as low as 6.9% APR why go anywhere else for your car finance?
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