If you are looking for the very, very cheapest
car insurance then you need to look at potential policies from the insurance
companies' point of view. All insurance is about risk, and the more you can
reduce the risk in the eyes of an insurer the lower the price of your cover
will be
Reduce risk
Ideally you should live in a crime free area
and drive a vehicle with a small engine and a good safety record but life is never
ideal. However, you should try to ensure that your car is kept on a drive or,
even better, in a garage overnight. Any modifications to the car are a complete
no – no and you should keep the annual mileage down as much as possible and
offer to pay as large an excess as you feel you can afford. If you are driving
an old car with a low value then third-party fire and theft cover may be
sufficient but bear in mind that many insurers do not encourage motorists who
are looking for such a low level of cover to insure with them, because they
believe that those motorists may not maintain their cars as well. If you still
wish to go down this route then at least get a quote for comprehensive
Pick the right insurer
There are a number of cut-price insurers
offering comparatively cheap policies but the majority of these are registered
abroad, particularly in Gibraltar. Do bear in mind that in the event of a claim
you may have some difficulty getting the claim settled if the insurance company
proves obstinate; although all insurers offering policies within the UK have to
be authorised by the Financial Services Authority, meaning that you could have
some protection in the event of the company becoming insolvent, they are not
usually members of the UK Insurance Ombudsman Scheme which is otherwise a very
useful protection for consumers. There are also some cheaper insurers that can
be contacted only over the Internet and these companies tend to attract a
disproportionate number of complaints from
Be truthful
Motorists sometimes bend the facts a little.
Young drivers claim to be a little older than they are, minor bumps are
forgotten and previous no claims discounts can be exaggerated. Insurance
companies are wise to all these
cover as well, surprisingly there have been
cases where fully comprehensive policies have cost less than third-party ones.
Look for special offers
Many insurers offer cut price policies for
short periods and sometimes the reductions can be as much as 50% of their
normal premiums. The problem is that there is usually no way of telling just
when these offers will come a long. You therefore need to begin your search for
your next policy as early as possible, and search regularly using a good
comparison site so that you have plenty of time to find the right price.
Sometimes insurers will allow you to book a policy to begin at a date in the
future at the cut price rate even though by then the offer will have expired;
but of course some will not.
clients who find difficulty in dealing with
them when things go wrong. Sometimes you may find it better to pick a
well-known company that has a reputation to uphold.
Be promiscuous
A lot of insurance companies offer very
attractive premiums to new clients. The following year the rates return to
normal but the majority of drivers renew anyway, often encouraged by the fact
that the car
insurance companies get them to agree to automatic renewal. You should
never agree to this and towards the end of each policy you should see what
other companies will offer you if you switch to them. This may mean changing
insurer every year but it could save you a packet.
manoeuvres and they share an awful lot of
information amongst themselves meaning that any incorrect information you give
can result in an insurer refusing you a quotation.
What is worse is that a lot of insurance companies will accept a proposal form at face value, provide a quote and issue a policy.
They will then make background checks and if they find any anomalies they hit the insured person with either a straightforward cancellation or demand an additional premium. Even worse are those who wait until a claim is made and then wriggle out of payment on the grounds that incorrect information was given to them in the first place. If you are scrupulous in ensuring that everything you write on an insurance proposal form is 100% accurate you have the best chance of avoiding these problems.
Follow the above guidelines and shop around carefully and you will have a very good chance of finding the very cheapest insurance policies available.
What is worse is that a lot of insurance companies will accept a proposal form at face value, provide a quote and issue a policy.
They will then make background checks and if they find any anomalies they hit the insured person with either a straightforward cancellation or demand an additional premium. Even worse are those who wait until a claim is made and then wriggle out of payment on the grounds that incorrect information was given to them in the first place. If you are scrupulous in ensuring that everything you write on an insurance proposal form is 100% accurate you have the best chance of avoiding these problems.
Follow the above guidelines and shop around carefully and you will have a very good chance of finding the very cheapest insurance policies available.
[Source: http://www.verycheapestcarinsurance.org.uk/]













