Insuring YOUR Car! (Guide)

[Demi]

Just thought I would write a little information for those that are looking at new premiums etc... and insuring their cars! (I am aware that a lot of you will be aware of this, it is just a guide for those who aren't)

Insuring YOUR Car!

So you want to insure your car? To start off with, hit some of the following:

• Go Compare
• Money Supermarket
• Confused
• Compare The Market
• U Switch

The above are a good starting point to insuring your car, they will provide you the cheapest options with the companies that use comparison sites.

However, some companies like Sainsburys, DirectLine, Aviva, RAC, Endsleigh, Churchill, LV, Elephant, 4 Young Drivers, Co-Operative Insurance, More Than, AXA, Quinn Direct are not on comparison sites, so it is worth looking at some of these!

Do your homework (all links above) and follow some of the tips that I have written below to give you some more guidance. You may have to do a couple of hours searching to save a few hundred pounds but this is completely worth it!

When looking at quotes, make sure you look for the following (I have listed some reasons):

1. Excess - This is covered by two factors, voluntary and compulsory. Voluntary is the excess that you will have to pay if it is your fault along with the compulsory. Compulsory is what you will pay regardless, usually if the accident is not your fault then you will get the excess back. (This is dependant on insurers)
2. Legal Assistance - This covers you for legal expenses, this is important as sometimes you may need to take legal action depending on what has occurred.
3. Courtesy Car - Self explanatory, get yourself a cover car (usually between 1 - 3 weeks) which you can use whilst your car is repaired.
4. Windscreen Cover - Take this, you will get tonnes of chips or sometimes damage to your windscreen,. this means that repairing chips is free and/or small fees apply to replace the windscreens.
5. Personal Accident - Covers the policy holder for any personal injury, usually up to £5000.
6. Breakdown Cover - Extra breakdown cover which is provided by your insurer (you can always look for other companies to provide this) which will get you help if you ever break down!

My two pence:

Going directly to get your insurance can sometimes be cheaper, this is because comparison sites (to make money) will charge a certain percentage off of the insurance companies that use them. It is a clever way of making money and each company/comparison site will have their own little perks and features that only you can decide if you want.

Just because you get a free meerkat, doesn't mean that they are the best insurance company. Try using the same insurance company as your family which sometimes can occur a multi-car discount.

If it is your first car and the quotes are TOO expensive, get yourself as a named driver with someone of your family as the first driver, this will bring down the insurance a LOT but you may not get any no claims discount.

No claims discount is a points scheme that you earn for every year that you drive, this means that if you have 5 NC points, your insurance may go down a lot more than someone with per-say no NC points.

There's all that I can help with, I hope you enjoyed reading it and if there is anything that I've missed, I apologise.

Regards,
Demi

[JACKTARD]

This is useful, thanks

[j0rd]

May I just add. I would not recommend fronting, it's highly illegal and insurers will not pay out if you are caught.

What is fronting?

A major problem in the insurance industry at the moment is the issue of 'fronting'. Fronting occurs when a young person is the most frequent user on the car but the insurer is falsely told that a parent is the main driver. This practice has financial and legal ramifications.

[Kieran]

May I just add. I would not recommend fronting, it's highly illegal and insurers will not pay out if you are caught.

What is fronting?

Was just about to say this myself!

[Demi]

This is useful, thanks

Thanks

May I just add. I would not recommend fronting, it's highly illegal and insurers will not pay out if you are caught.

What is fronting?

Yeah I agree, it is just a tip if they are not going to be using the car so much.

[GoldenMerc]

Sometimes going full comp ends up cheap also, Stay away from Insure the box etc...

[Demi]

Sometimes going full comp ends up cheap also, Stay away from Insure the box etc...

Very true

[Kieran]

Can get discounts at places like LV if you or family members have life insurance etc. Mine was like 20% cheaper cause I had life insurance with them.

[Demi]

Can get discounts at places like LV if you or family members have life insurance etc. Mine was like 20% cheaper cause I had life insurance with them.

Yeah you can usually get some insurance if your parents have home insurance with some etc...

[danzooo]

Awesome guide, Demi! +rep coming your way as soon as I get back onto my laptop (doesnt seem to be an option to do it on tapatalk on my phone!)