UK Insurance Listed

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Getting insured for your car is like a spaghetti junction – which way’s home?

Make the right turn – compare quotes!

There are tons of car insurance policies to suit your pocket. As a tip, its worth bearing in mind that shopping online for car insurance can save you thousands of pounds compared with obtaining quotes from call centres. Simply key in your details!

Guide to Compulsory Excess and Voluntary Excess

Its bad news if you’ve had a road crash and even worse luck if you’re required to pay Excess or Total Excess Insurance.

You’ll find that Excess and Total Excess Insurance consists of two parts.

Compulsory Excess

This is the amount the insurer expects the policy holder to pay.

Voluntary excess

This is the amount the policy holder volunteers to pay.

In principle, its possible to set your voluntary excess to £0, however, as a hint, your premium will be less expensive if you choose a higher voluntary excess.

In the UK, there are three main types of insurance to choose from: Fire and Theft, Third Party Fire and Theft and Fully Comprehensive.

Third-party car insurance

Third-party car insurance is the cheapest form of car insurance and will only provide ‘basic cover’ to remain legal.

If you’re involved in an accident or cause an injury, this insurance will only pay for claims made against you, costs for repairing or replacement of the other person’s car.

Disadvantages

You won’t be covered for damage to your car or a replacement car if you car gets stolen..

 

Third-party, fire and theft car insurance

Third-party cover, fire and theft car insurance will protect you in the event that you’re involved in an accident, cause an injury or cause damage to the claimant’s car. This insurance will also pay for fire damage and costs related to your car if its been stolen.

Disadvantages

You won’t be covered for damage to your car caused by an accident.

 

Fully-comprehensive car insurance?

Fully-comprehensive car insurance includes the widest cover to protect you and your car if you’re involved in an accident or your car’s stolen. Advantages of fully-comprehensive insurance include cover for cost of repair or replacements if your car’s involved in an accident whether or not you’re at fault.

 

Fully-comprehensive car insurance - Additional benefits

Additional benefits include medical expenses and personal belongings.

 

 

Car Insurance – Your Guide to Save Money!

Whether you own the latest luxury limo or third party banger, it pays to get the best deal by pre-planning, reading the smallprint and shopping around for the best deal.

 

As a general rule of thumb;

A car alarm or fitted security device could entitle you to a discount

Check terms. Read the small print for add-ons before purchase. Do you

really need that courtesy car?

Add your spouse – you may be entitled to a discount

Off-road parking entitles you to a discount – look for a garage

For a reduced premium, downsize to an older car

Deborah Harris

Car owners in the UK are required by the government to have car insurance or at least have third party personal injury insurance. There are different policies or coverages available for consumers and the prices are calculated based on different variables, such as the type of vehicle you own, your age, sex and your residence. To find cheap car insurance with good policy terms you will need a lot of time and effort, but with detailed research and careful planning, you will most likely end up with good auto insurance.

Normally, consumers have three choices when it comes to insuring their vehicles. The most basic and the cheapest is the Third Party Only Cover. This insurance will protect other people if you happen to crash into them. This type however doesn’t insure your car, and you will have to pay for any damages done to your vehicle during the accident. Another type of coverage will insure your car against fire and theft. This adds extra protection in case you live or work in areas where car crimes are extensive. The most expensive, but the best form of insurance is the Comprehensive coverage. So no matter who is at fault during a car accident, you are sure that all parties will be covered. However, insurance coverages will of course depend on the type of car you use. If you have an old heap, it’s better if you just opt for the Third Party only cover. But if you are driving a luxury vehicle straight from the shop, it would be best to go all the way with the insurance coverage.

Within these policies are small but important details you should know about. The Policy Excess is basically the amount that you will have to pay for when you make your first claim. Most companies will typically ask for £100 – £150 for damages, theft or fire. If you plan to pay more than the Policy excess, you’re monthly premiums will be lowered as you are taking on more risks yourself. Some third party coverages will cover widescreen damage, but for Policy excess you could pay £60. The No Claims bonus is usually simple; if you haven’t filed a claim in a long time, you will get a larger discount. However, don’t protect this bonus as many people make a mistake of doing this and usually end up with higher car insurance premium. This could be due to the fact that your insurer will add the claim to your risk before deducting your discount.

Last but not the least, don’t be comfortable driving other people’s cars just because they have Comprehensive coverage. Some insurance agencies will not cover you if you are not listed as one of the drivers of the vehicle insured. If you do get into an accident, you will be covered by the Road Traffic Act Cover. However, this is even less than the Third Party Only Cover and you could end up being liable for a huge fraction of the other party’s claim.