Tips for buying car insurance

Car Basics - Car insurance tipsinsurancepolicy with a £500 excess will be
Here are a few bits of insurance terminology youless than with a £100 excess, however if
should knowbefore buying your car insuranceyouhave an accident that is your fault then you will
have to pay the first £500 ofthe claim.
View the fullarticle at -Â6. If your vehicle is not fitted with anapprovedalarm or
NCB - No claims bonus, you get one years no claimsimmobiliser, compare carinsurance quotes with and
for everyyear that you do not claim off your motorwithout one fitted. It may be cost-effective to
insurance. Also referred to as a 'Nohaveone installed.
Claims Discount', typically if you build up 5 years NCBApproved alarms and immobilisers that are recognised
this can reduce yourinsurance premium by 60-75%by the insuranceindustry are those that have been
dependant on the insurance company.tested to 'Thatcham' standards are will besold as
Many insurers offer 'protected' no claims bonus, it will'Thatcham Approved', typically category 1 (alarms) and
costyou a little extra but in the event of an accidentcategory 2
your NCB will be protected.(immobilisers). Having one of these fitted will help
So it can be worth the extra as the savings from yourreduce your insurancepremium. In addition, there are
NCB can far outweigh thecost of the extra on yourRAC Trackstar and
premium.Tracker security devices that can be fitted to your
Excess - This is the amountof money that you will payvehicle. These will helpget your vehicle recovered
in the event of a claim. Voluntary Excess allows youtoquickly in the event of theft and will help reduceyour
top up this amount and the higher thevoluntary excesspremium too.
the cheaper the insurance premium will be.7. Limiting the number of miles you drive each year will
Fully Comprehensive - Thisis the highest level ofreduce your insurancepreium. They will ask you how
insurance cover. It includes what is covered undermany miles to expect to cover annually. Tell thetruth
TPFTthough and be as accurate as anyone can. Chances
(see below), but in the event of an accident which wasare that most peoplesmileage is to and from work, so
your fault (even ifno-one else was involved) theif you live closer to work then this should bereflected
insurance company will pay to repair or replaceyouron your estimate.
own car.8. If you commute to work or you take the company
TPO - Third Party only -The insurance policy will onlyvan home, then you will onlyneed insurance cover that
pay out to repair the other persons car inthe event ofis referred 'social, domestic and pleasure', insteadof
an accident that was your fault. It will not pay out for;social, domestic and pleasure and to and from work'.
repairingor replacing your vehicle. This policy does notThis may help reduceyour premium.
cover you for fire or theft ofthe car. This is the9. Having just you as the named driver on your policy
cheapest type of insurance policy available.will help keep costs down.
TPFT- Third Party, Fire andThe number of other people on it will increase its cost,
Theft - This is the same as TPO above, but will coverespecially if they areunder 25.
your car for fire andtheft.10. Start building and protecting a 'no claims' bonus as
Here are some tips for helping keep your carsoon as possible. In thelong run, this will have a
insurance downsignificant impact on your ability to get cheap
1. Shop around (read more about this below), thosecarinsurance.
companies with the biggestand flashiest websites and11. Keep your car standard. Don't modify or customise
adverts may not be the cheapest.it as it may add to yourinsurance. If you can't resist
2. Drive a cheap car with a small engine. This ishaving that newinduction kit, then ask aboutwhether it
important especially ifyou are a young driver andwill be covered first and how much it will be. Be honest
perhaps it is your first car. It is tempting tobuy awith theinsurers, sometimes these small mods don't
nippy motor and stretch yourself to afford thecost much extra (if at all). But ifyou don't tell them then
insurance, but it is betterin the long run if you getyour insurance will be invalidated. Make sure
yourself a car with a small engine and has athecar has not been modified before you buy it. If it
lowinsurance group. The insurance will be lower andhas, then you will need todeclare all these modifications
you will be able to build upyour no-claims bonus.and they could increase your premuim.
3. If you have recently passed your driving test, look12. Consider just having 'third party, fire and theft' cover
into whether it's worthgoing through the Pass Plusif your car was verycheap. The alternative is 'fully
trainingprogramme to qualify for car insurancecomprehensive' cover and then you are coveredfor
discounts. Not all insurers givediscounts for Pass Plusrepairs to your own vehicle even if no-one else was
drivers, but the number that do is increasing all thetime.involved. But hey, if itwas that cheap then it may be
4. Consider using the internet to get quotes and buycheaper to buy another car than loose yourno-claims
your insurance online. Mostcompanies offer a 10%bonus. You could even consider just insuring the car
discount for buying online instead of over the'third partyonly'.
telephone.13. Where you park your car will affect your insurance,
5. Choose to pay a higher excess in the event of anit will be lower if youhave it locked in a garage at night
insurance claim. This is theamount that you will agreeinstead of leaving it out in the road. Evenparking it on a
to pay in the event of an accident i.e. andriveway can reduce your premium.