Looking for car insurance is a pain at the best of times, but finding exactly what you want can be difficult. Many insurers will not only provide the policy but will also offer a range of add-ons which may or may not be beneficial to you. Here we go through all the car insurance shopping tips you need to know.
Ben and Lenny’s top shopping tips
One of the biggest mistakes drivers make when it comes to their policy renewal is not shopping around for the best premium. They simply accept the price of the renewal but are yet to realise they can get the same policy at a far cheaper price just by switching insurance companies.
While looking for insurance can be tedious there are a lot of websites out there to help you compare prices as well as provide you with all the information you need. We recommend when it comes to looking for insurance you should always use comparison sites such as:
By using a comparison site, it provides you with a benchmark of the cost of the policy you have which will allow you to negotiate with your existing insurer if you wish to stay put.
While you may like the insurer you are with because they have caused you no trouble, you should always shop around. By doing so, you could be saving yourself hundreds of pounds. When your insurance company first provides you with a renewal quote, it is often more than what you paid last year.
When it comes to shopping around you, always need to pay attention to the insurance policy details, make sure you are looking for policies that are like for like. Some policies you are looking at may seem cheaper, but they might not have all of the add ons or extra features your current policy holds. You will also need to look out for the level of cover when it comes to making a claim, for example, not all policies offer legal protection.
Not all insurance providers are on comparisons sites, so it’s vital to look on their individual websites, the big two we recommend looking at are Direct Line and Aviva. If you are looking to ensure more than one vehicle at a time you should also consider Admiral, they provide a range of multicar offers.
Once you have been provided with a range of renewal prices from other insurers, we highly recommend going back to your existing insurance company. At the end of the day they want to keep your business, so more often than not they will match the cheapest price you have been offered.
Be careful who you put on your policy
As a young driver putting a more experienced driver on your policy with no points on their licence can be very beneficial. However, for any driver, it is not always a good idea to have drivers on the car that do not drive it often. If you are going to add someone to your policy make sure they are an experienced driver and have no driving offences, otherwise you may have a little shock at how much your insurance policy price increases.
No claims bonus
Your no claims bonus is going to be your best friend when it comes to looking for new insurance. A long reign of no claims bonus means your insurance is going to stay cheap and you won’t be a victim of your policy price spiking.
Some insurance providers will help you protect your no claims bonus, now while this may cost you a few pennies more when it comes to paying, it’s critical you protect it. We highly recommend reading any T&C’s when it comes to a no claims bonus as the definition varies between insurance companies.
When it comes to voluntary excess, you may not want to put a large sum of money towards fixing your vehicle if you are to have an accident. If you agree to pay more towards your voluntary excess, it is more likely to bring your premiums down. If you are going to increased your voluntary excess, we highly recommend you always have this money saved away in case you are caught in an incident and need the money for vehicle repairs.
Do not worry, if you are not at fault in the incident you may be required to pay the excess fee, but you can have this cost recovered. If you have a lower value vehicle make sure that the voluntary excess is not too high as it might not be worth it.
Insurance car traps
If you are thinking of purchasing a car midway through your policy, make sure that the make and model does not mean your insurance price significantly increases. By changing your car to a sportier one, you could be inclined to have a price increase when it comes to your policy.
You should also be aware when it comes to changing your policy a fair few insurance companies will charge you administration fees. Costs can range from £25 to £50 which can be a charge for small changes such as change of name when you get married or change of address.
Clear out your garage
If you have a garage which is solely full of junk and clutter, it might be a good idea to clear it out and make space for your vehicle. By storing your car in a safe place, the insurance company is more likely to reduce your insurance policy. There are also added benefits to parking your car in the garage such as not having to scrape the ice off in the winter.
Insurance companies believe if your vehicle is parked on the road outside your home your car is more likely to be stolen or damaged. This can also be said for if your vehicle is parked in the driveway, while it might take a little off your premium the safest place to park your car would be in the garage.
What I need to do before purchasing car insurance
Car insurance is a legal obligation you take when owning a car, while it may seem like a big payout it puts you and other road users in a better position if you are to be caught up in an accident.
Before you apply for car insurance, your car must pass its MOT at an approved MOT testing Centre in Milton Keynes, otherwise you will not be able to drive your vehicle. You should also keep an eye on when you MOT expires if it is halfway through your year’s policy by not having an up to date version your policy may be void.