Motor and Comprehensive Car Insurance
If we drive a car
on the public roads we need car insurace.
Motor insurance policies can vary wildly in price as it is dependant on
many factors. Where the car is kept, the driver(s) occupation, the age
of the driver(s), the annual expected mileage, the occupation of the driver
and of course the type of car. All things being equal, a 50 year old married
man who drives 5000 miles per year and stores his family saloon in a garage
overnight will pay a much lower premium than a 19 year old man who drives
a "hot hatch" and parks it on the public road.
types of car insurance are available?
The two kinds
of insurance are Comprehensive Motor Insurance and Third Party Motor
Insurance. Comprehensive motor insurance covers damage to the vehicles
belonging to the policy holder and any third party where the policy
holder is at fault. Third Party motor insurance only covers the
third party. In addition, there are specialist car insurance policies
such as classic
car insurance and young
driver car insurance.
There are various
things that you can do to reduce your insurance premium. You can elect
to increase your voluntary excess. Most motor insurance premiums have
a compulsary excess, but if you agree to a voluntary excess as well it
usually reduces your premium. If you only travel 5,000 miles per year,
tell your insurance company. Informing the insurer that you travel limited
miles within a year usually makes your motor insurance premium cheaper.
Don't include your 19 year old brother who has just passed his test. It
might seem like the brotherly thing to do, but having a young, inexperienced
driver on your insurance is a sure way to increase the cost. Garage your
car overnight. A car locked away in a garage overnight is less likely
to be stolen or damaged. This should knock a few pounds off your premium.
But above all, be
a safe driver. A full "no claims" discount can knock well over
50% off your premium.