Without realizing it, you could be paying too much car insurance
Many people purchase covers they will never use.
Are you aware of all the risks your car insurance policy covers? You may not be aware of all the risks your car insurance policy covers.
Many motor insurance policies, particularly the standardised ones, come in a package. They include a wide range of risks and each one is rated and added to the premium.
A free windscreen repair service on comprehensive policies, for example, will be included in the policy price.
If you are involved in an accident or claim, the offer of a courtesy car will be honored. Every driver risk and every car risk is included in the total cost to you, the consumer.
Every element of a policy can be considered a payment for coverages you don’t need. Before you buy insurance or car insurance, it is important to consider all risks. You could, for example, be purchasing unnecessary breakdown coverage on a new vehicle.
It is worth taking the time to research and determine what coverage you require before you spend hours searching online for motor insurance quotes.
You can then compare car insurance coverages and see what you don’t require. This will help you save time and avoid companies that charge you regardless of whether or not you use the coverage.
It is important to honestly reflect on how much you used your car during the last period of insurance. One example of usage is how many miles you have driven in a year.
If you’ve driven only 3000 miles in the past year, and your standardised policy covers you for 12000 miles, you may be paying too much. You should notify your Insurer at renewal. Or you can switch to a policy with a limit mileage.
This is especially true if you’re a young driver who wants to get cheaper insurance but has not yet had any claims years or driving experience. It is possible to accumulate a great no-claim bonus by limiting your driving mileage each year and receive cheap premiums.
This applies to classic or expensive cars that are kept in a garage for a majority of their driving time. You will pay more for insurance if you don’t have a limited mileage policy.
As these are the elements that you will be charged, it is important to provide as much information as possible when applying for quotes. Most car insurance price comparison websites offer standardised risk policies, which do not include discounts for lifestyle usage.
You should contact a broker or specialist car insurance company that offers these types of policies and motor schemes. They can usually provide you with tailored, cheaper coverage for how you drive your car.
You can search the internet by the characteristics of your risk to find the right motor insurance specialist for you. This is how many specialist insurance companies present their policies. If you’re a female who drives a classic car only a few thousand miles per year and lives in a large city, you can search for lady classic cars limited mileage schemes. This will give you a list with specialist insurers in your region.
