| Car Basics - Car insurance tips
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| | insurancepolicy with a £500 excess
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| Here are a few bits of insurance
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| | will be less than with a £100 excess,
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| terminology you should knowbefore buying
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| | however if youhave an accident that is
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| your car insurance
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| | your fault then you will have to pay the
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| | first £500 ofthe claim.
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| View the fullarticle at -Â
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| | 6. If your vehicle is not fitted with
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| NCB - No claims bonus, you get one years
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| | anapprovedalarm or immobiliser, compare
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| no claims for everyyear that you do not
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| | carinsurance quotes with and without one
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| claim off your motor insurance. Also
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| | fitted. It may be cost-effective to
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| referred to as a 'No
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| | haveone installed.
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| Claims Discount', typically if you build
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| | Approved alarms and immobilisers that are
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| up 5 years NCB this can reduce
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| | recognised by the insuranceindustry are
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| yourinsurance premium by 60-75% dependant
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| | those that have been tested to 'Thatcham'
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| on the insurance company.
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| | standards are will besold as 'Thatcham
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| Many insurers offer 'protected' no claims
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| | Approved', typically category 1 (alarms)
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| bonus, it will costyou a little extra but
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| | and category 2
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| in the event of an accident your NCB will
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| | (immobilisers). Having one of these
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| be protected.
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| | fitted will help reduce your
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| So it can be worth the extra as the
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| | insurancepremium. In addition, there are
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| savings from your NCB can far outweigh
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| | RAC Trackstar and
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| thecost of the extra on your premium.
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| | Tracker security devices that can be
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| Excess - This is the amountof money that
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| | fitted to your vehicle. These will
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| you will pay in the event of a claim.
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| | helpget your vehicle recovered quickly in
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| Voluntary Excess allows youto top up this
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| | the event of theft and will help
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| amount and the higher thevoluntary excess
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| | reduceyour premium too.
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| the cheaper the insurance premium will
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| | 7. Limiting the number of miles you drive
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| be.
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| | each year will reduce your
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| Fully Comprehensive - Thisis the highest
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| | insurancepreium. They will ask you how
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| level of insurance cover. It includes
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| | many miles to expect to cover annually.
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| what is covered under TPFT
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| | Tell thetruth though and be as accurate
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| (see below), but in the event of an
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| | as anyone can. Chances are that most
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| accident which was your fault (even
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| | peoplesmileage is to and from work, so if
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| ifno-one else was involved) the insurance
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| | you live closer to work then this should
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| company will pay to repair or replaceyour
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| | bereflected on your estimate.
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| own car.
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| | 8. If you commute to work or you take the
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| TPO - Third Party only -The insurance
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| | company van home, then you will onlyneed
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| policy will only pay out to repair the
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| | insurance cover that is referred 'social,
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| other persons car inthe event of an
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| | domestic and pleasure', insteadof
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| accident that was your fault. It will not
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| | ;social, domestic and pleasure and to and
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| pay out for repairingor replacing your
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| | from work'. This may help reduceyour
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| vehicle. This policy does not cover you
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| | premium.
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| for fire or theft ofthe car. This is the
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| | 9. Having just you as the named driver on
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| cheapest type of insurance policy
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| | your policy will help keep costs down.
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| available.
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| | The number of other people on it will
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| TPFT- Third Party, Fire and
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| | increase its cost, especially if they
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| Theft - This is the same as TPO above,
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| | areunder 25.
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| but will cover your car for fire
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| | 10. Start building and protecting a 'no
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| andtheft.
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| | claims' bonus as soon as possible. In
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| Here are some tips for helping keep your
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| | thelong run, this will have a significant
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| car insurance down
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| | impact on your ability to get cheap
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| 1. Shop around (read more about this
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| | carinsurance.
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| below), those companies with the
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| | 11. Keep your car standard. Don't modify
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| biggestand flashiest websites and adverts
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| | or customise it as it may add to
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| may not be the cheapest.
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| | yourinsurance. If you can't resist having
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| 2. Drive a cheap car with a small
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| | that newinduction kit, then ask
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| engine. This is important especially
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| | aboutwhether it will be covered first and
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| ifyou are a young driver and perhaps it
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| | how much it will be. Be honest with
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| is your first car. It is tempting
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| | theinsurers, sometimes these small mods
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| tobuy a nippy motor and stretch yourself
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| | don't cost much extra (if at all). But
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| to afford the insurance, but it is
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| | ifyou don't tell them then your insurance
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| betterin the long run if you get yourself
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| | will be invalidated. Make sure thecar
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| a car with a small engine and has a
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| | has not been modified before you buy it.
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| lowinsurance group. The insurance will be
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| | If it has, then you will need todeclare
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| lower and you will be able to build
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| | all these modifications and they could
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| upyour no-claims bonus.
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| | increase your premuim.
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| 3. If you have recently passed your
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| | 12. Consider just having 'third party,
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| driving test, look into whether it's
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| | fire and theft' cover if your car was
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| worthgoing through the Pass Plus
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| | verycheap. The alternative is 'fully
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| trainingprogramme to qualify for car
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| | comprehensive' cover and then you are
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| insurance discounts. Not all insurers
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| | coveredfor repairs to your own vehicle
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| givediscounts for Pass Plus drivers, but
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| | even if no-one else was involved. But
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| the number that do is increasing all
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| | hey, if itwas that cheap then it may be
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| thetime.
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| | cheaper to buy another car than loose
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| 4. Consider using the internet to get
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| | yourno-claims bonus. You could even
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| quotes and buy your insurance online.
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| | consider just insuring the car 'third
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| Mostcompanies offer a 10% discount for
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| | partyonly'.
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| buying online instead of over the
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| | 13. Where you park your car will affect
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| telephone.
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| | your insurance, it will be lower if
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| 5. Choose to pay a higher excess in the
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| | youhave it locked in a garage at night
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| event of an insurance claim. This is
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| | instead of leaving it out in the road.
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| theamount that you will agree to pay in
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| | Evenparking it on a driveway can reduce
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| the event of an accident i.e. an
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| | your premium.
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