Car insurance protects you and your vehicle if you’re involved in a crash. All your adventures are covered and your daily excursions to give you peace of mind if you’re ever involved in an accident.
When it comes to car insurance, most people will want to find the best cover that is also the cheapest. This is particularly difficult if you’re a young driver. One of the best ways to find cheap car insurance is to compare different quotes, however, this can be quite time-consuming. We can help you find the best quote for you and your vehicle.
What type of car insurance do I need?
This covers you for injury or damage you cause to other people. This means you’re only covered for compensating other people for injury or damage you cause. You will not receive help for any injuries or repairs to your vehicle.
Third-party fire and theft:
This type of cover covers you if your car is stolen or damaged by fire. This covers the cost of damage or injury to third parties, but also compensate you if your car is damaged due to fire or theft. However, if your car is stolen, it will not cover the costs for this.
Fully comprehensive cover:
This usually offers people the most complete coverage. This includes cover for all third party, fire, and theft policy. But also protects you as a driver and may payout for damage to your car. It also includes compensation for medical treatment, legal expenses, and accidental damage.
How much is the cost of insurance?
Insurers often set a premium based on a driver’s ‘risk’. This is the probability they will need to make a claim.
Insurance firms work out your risk using the information you give them when you get a quote. There are many factors involved in this calculation but a key one is the kind of car you drive.
The make, model, age, security, value and size of your car all affect the price of your insurance.
Brand new cars can have lower insurance if they have top-of-the-range safety and security features.
The cheapest cars to insure are ‘group 1’ cars. The insurance industry uses 50 groups to set pricing levels.
Cars with particularly powerful engine sizes, old or rare cars are likely to have higher insurance premiums and you may even need to buy specialist cover.
In addition, sports cars on average are more likely to have involvement in accidents, so they’re often at higher risk. In addition, repairing a powerful car is likely to be a long and expensive process, which also adds to the cost of a premium.
Get in touch to get help finding the right insurer for you.
Black box insurance
New drivers do have the option to reduce their insurance by having a black box installed in their cars. Black box insurance involves fitting a small device to the car that tracks the owner’s driving, giving them a rating based on things like how well they brake, accelerate and corner. The driving score can then be used to calculate a lower premium or reward customers with discounts.
Young drivers can also bring down their insurance further by being a ‘named driver’ on a more experienced car. Furthermore, their insurance can be cheaper if they or add an experienced named driver on their car.
Insurance costs should noticeably drop when a driver reaches around 21 years old, as long as they haven’t been involved in an accident.
Breakdown and GAP Cover
It’s likely that your vehicle, at some point or another, will require a bit of assistance. Whether it comes down to a sudden fault or eventual wear and tear, a breakdown can leave you stranded at the side of the road.
Luckily, with breakdown cover you can have peace of mind that you’ll be rescued in such an event. Breakdown cover may appear to be fairly inexpensive, but don’t underestimate just how valuable it can really be.
As with similar policies like insurance, the cheaper the option, the less cover you’re likely to receive. A more comprehensive policy can provide additional services on top of the basics of breakdown assistance. This can include home starts, onward travel to get you to your destination and even European cover to ensure you get the same level of emergency assistance if you’re driving on the continent.
What is GAP cover?
If your vehicle is written off or stolen, your insurer may offer you the current market value of the vehicle. However, the value of any new vehicle can start to fall the moment it’s been driven off the forecourt. This means it’s quite possible that an insurance payout may not fully cover the amount that you actually paid for your vehicle in the first place.
GAP (Guaranteed Asset Protection) cover intends to make up the difference – bridging the gap, as it were – so you don’t end up out of pocket simply because of the depreciating value of your vehicle. This could help you to pay off any remaining finance debt or to buy a replacement vehicle of the same or similar specifications.
Why cover your car?
It’s important to have protection in place in case you’re involved in an accident.
Car Insurance Quotes
Vehicle insurance quotes can be one or many different types of cover lumped into one policy to make sure you’re covered from all angles.
The cost of insurance will vary depending on what type of vehicle you have. To get advice about which insurance is best for you, please get in touch.