In this short, but sweet post, we are going to give you 5 tips for getting good value car insurance. Ok, so you've decided to get car insurance – good call – and you've even read our "5 steps to getting car insurance" and now know how to get it. But now you should be asking yourself how to I get the best value on my car insurance? In other words, how do I make sure I am paying for something I really need and that when the day comes (hopefully not) I will get paid and won't have to run around and fight with my insurance company to get what is due to me?
Well, in this very short and to the point post, we will give you:
5 Tips for getting good value car insurance:
1. Make sure to read your motor insurance policy details carefully. It is important that you know under which conditions you’ll be covered. Not sure what some of those confusing terms in your policy mean? Not a problem. Take a look at our "Car Insurance Terms and Definitions" page.
2. Don’t look only at the cost of the premiums. Check how high the excess is for each policy, and make sure that you have all the cover you need.
3. Be sure to give the car insurance company as much relevant information as possible, especially about your mileage and the conditions under which you’ll be using your car. Car insurance companies are famous for refusing to pay out in a situation which does not exactly match the details which were agreed upon in the vehicle insurance policy, so if you live in a dangerous area with a high theft rate, or if you don't have an alarm, tell them and make sure it is writen in the policy terms or policy summary. On the other hand, if there is other information that could benefit you, for example a great a larm system, a safe neighbourhood or a clean drviing history, make sure to tell them this as it can lead to a substantial discount on your car insurance premiums.
4. If your circumstances change – for example, you start to drive much less each week – make sure to let your car insurance company know, since it may affect the cost of your premiums and you could save money for the remaining months or get a return.
5. Review your policy every year. Your car will depreciate and be worth less every year, but your premiums will continue on the same level which they were initially. The payout in the event of an accident will be based on the current market value of your car, but you may still be paying a premium based on the car’s originally assessed retail value.
If you enjoyed reading this article ("5 tips for getting good value car insurace)", then you will also enjoy reading:
"6 things to check before choosing your vehicle insurance". and:
"9 ways to reduce your car insurance costs"
