The law requires you to have car insurance, but if you simply type the term into a search engine, you’re going to come back with an overwhelming number of results. The last thing you want to do is pay too much for your insurance, but you want the coverage you need too. These three tips can make shopping for cheap car insurance much easier.
Know What You Want
Car insurance can cover many different things, and an understanding of what you want in a policy can help ensure you have neither too little coverage nor too much. There are three basic categories of insurance coverage. Third party insurance is the most basic type, and as a result, it’s usually the cheapest. The law requires that you have at least this amount of coverage. At the heart of this is protecting those involved in an accident. If you do cause an accident, third party insurance covers the other individual who is injured or has a car repair bill as a result of the accident. What it does not cover is the damage to your car. A third party, fire and theft, is one step above.
Here, your insurance company will still cover the damage to someone’s car, but they’ll cover the damage to your car if it’s hurt by a fire or they’ll pay out if your car is stolen. The final type of coverage is the comprehensive cover. It pays the other party, it pays for your repairs, and it might pay for other things, like a new windscreen if yours is damaged on the motorway.
Get Several Quotes
If you’re serious about finding lower premiums, shop around for quotes. Sure, it’s a process, but the reality is that if you do a bit of shopping, you’re going to find cheaper rates than you expected. There is one way to make the process quicker. Before you shop, have several pieces of information on hand. It can help if you know your car registration, but you should absolutely have the make, model, and year your car was made at your fingertips.
Additionally, you’ll want information about any car drivers. Names, dates of birth, and driving license information is a must. If there are motoring claims or penalty points against a driver, that needs to be part of the equation. Finally, know whether you’ve ever had any car insurance claims in the past. Plug this information into many online quote sites, and you’ll have exactly what you need to get car insurance at a great price.
Know How to Lower Your Rates
There are a few ways to lower your rates you may not have considered. For example, did you know that adding an experienced driver to your policy can result in lower rates? If there isn’t an experienced driver in your life, a black box policy may help keep things in check if you’re fairly young. Moreover, simple moves like increasing the security of your car above the manufacturer’s standard may mean lower premiums.
Car insurance doesn’t have to be the most expensive part of your life. Take a look at what you can do to keep the costs down now.
Danielle is a freelance writer who covers a variety of finance and health and car Insurance topics.