Car insurance is a topic that causes an involuntary shudder for most. As a nation we dread renewal time and many of us simply pay whatever renewal price our current insurer demands.
The thing is - it really isn't that difficult if you know where and what to look for.
Below is an (almost) definitive car insurance guide to help you get the most for your money at renewal time:
• Make use of a comparison site; Most mainstream insurers offer insurance on their website and these can be compared using any of the new brand of car insurance/financial comparison sites. There are many to choose from, just watch the TV for a couple of hours and you're bound to see several advertised.
You should aim to get at least 3 quotes to allow you to make an informed decision on which cover to go for.
• Which level of cover should you choose; there are currently three levels offered which includes; third party (the minimum level required by law) this covers only the car you collide with, third party fire and theft which includes protection should your car be stolen or damaged in a fire and the highest level of cover; fully comprehensive which covers the above plus damage and repair to your own vehicle with variable extras such as personal injury, courtesy car, legal protection, etc.
• You should consider the elements of your quote that will effect your price: Your age, sex, driving history (such as claims and convictions), the vehicle you drive, any modifications you have made, the location of the vehicle overnight and the mileage you will accrue in a year.
You should choose a vehicle suitable for your age, circumstances and driving history. If you are a young driver you should start with a small safe and reliable car which a small engine size. Anything above this will increase your premium drastically.
• Save a little extra money; opt for a smaller engine if you really don't need that extra speed, install an immobiliser/alarm system if you don't already have one, use your garage if you have one (a locked garage will save you a little money off your premium usually) and try to present yourself to the insurer with as little risk as possible. For example if you will only travel 8,000 miles in a year avoid stating 12,000, you will be charged extra money for this convenience.
So remember; don't accept the first renewal quote you get, always shop around.
