Vehicle Insurance Facts To Remember Always

Nature of motor insurance

Some motorists cringe at the mention of 'car insurance premium'. This fear is not based on the renewal time looming- but instead, how they'll pay up another monthly instalment . Over the last couple of years, motor insurance premiums has seen a sharp rise in the motoring industry. It's now become the 'norms' for drivers to search for cheap and affordable policies- in order not to experience the consequence of not having one. And no matter how expensive a policy may be, it's still a necessity- read on to find out why having a policy is vital.

Is car insurance policy a necessity?

In most countries, vehicle insurance is considered vital for every motorist. In the UK for instance, the law enforcement agencies are always on the prowl to enforce drivers have valid insurance policies for the cars they use. Two of the major benefits of having a valid cover includes:

Coverage against claims from motorists or passengers looking to exercise legal obligation against a policy holder that is the major cause of an accident in which losses and or damages occurred as a result.

It's always advisable to always be on the right side of the law- driving without a valid insurance would lead to your vehicle being impounded or you may even risk a driving ban for not adhering.

Disadvantages of having no insurance cover when driving

Driving without a valid insurance policy constitute a driving offence. These are the consequences for driving without a valid motor insurance policy:

1. Not having a valid insurance cover on your vehicle can generate points on your licence- and if you accumulate up to 12 points, you then get disqualified from driving- which can be a severe blow when you depend on your driving job to make a living.
2. Bans are often given to drivers without a valid insurance coverage on their vehicle, however, large fines do accompany these fines depending on the degree of the offence .
3. Depending on the severity of a driving offence- whether being involved in an accident whilst not being insured or just being caught driving without a valid insurance, the amount of fine imposed will hugely differ in direct proportion to the severity of the offence.
4. There have been known cases of prolific offenders doing time for the amount of damage they've caused as a result of not having a policy.

Important aspect to consider in a car insurance policy

It can be rather confusing for new and young drivers trying to buy an insurance policy for the first time. The manner in which policies are written and structured can be extremely difficult for new drivers looking to purchase a car insurance policy- more experienced drivers within the family might need to explain it to them in simpler terms. However, there are vital factors to look out for in a policy before you decide to buy. These are primary factors to consider:

1. The 3 levels of cover you can select from includes: comprehensive, third party fire and theft and third party only.
2. Consider the Level of excess you're comfortable with- Should incase you're involved in an accident, you'll be required to pay the excess you chose at the beginning of your policy.
3. If your premiums are unaffordable then it's time to keep on comparing quotes until you find a cheaper and much more affordable quote.
4. Make it a point of duty to look at the special conditions that apply to your policy to avoid getting breaching the terms of your policy which can inevitably void your policy.

Five ways to obtain low-cost quotes from insurers

Cheapest car insurance company doesn't exist when your looking for cheap car insurance premiums. There are simply too many variables affecting the price of a car insurance policy: who you are, what you do for a living, where you live, the type of car you drive and your driving history, all contribute to what insurers use to determine the amount of premium you pay for your policy. Your sole objective will now be to spot the cheapest car insurance deal possible by:

1. Getting a car that's categorised to fall within the low insurance group. Some examples of cars within the low insurance group bracket includes: Vauxhall Corsa, Fiat Punto and Nissan Micra because of their small engine sizes. High insurance premiums are allocated to bigger engine cars while smaller engine vehicles attract lower premiums.
2. Increasing your excess levels would decrease your premium but exercise due caution when setting your level of excess because, the amount you state on your quote form is required of you in the event of an accident. Resist the temptation of inflating it, stick with an amount you're comfortable with.
3. Putting your motor vehicle in a secure garage at night eliminates risk of it being stolen or damaged. Keeping the risk of damage, theft and burglary to a minimum is what insurance companies prefer, so they reward drivers with lower premiums.
4. Install security devices that minimizes the chances of the vehicle getting stolen.
5. Shop around, compare quotes, use car insurance comparison sites like <a href="http://www.cheapcarinsurancex.org/" rel="dofollow">cheapcarinsurancex.org/</a> to compare over 110 insurance companies from selected low cost insurers.

Where to get low-cost vehicle insurance quotes

Discovering affordable premiums can some times become mission impossible. The most viable way of unlocking cheap quotes is to lower your risk factor to the bare minimum then begin to compare quotes from as many insurers as possible.

Vehicle insurance organizations do offer varied type of insurance products thereby offering different quote forms like- student motor insurance from cheapcarinsurancex, http://www.cheapcarinsurancex.org/cheap-car-insurance/short-term/pay-as-you-go, green car insurance-http://www.cheapcarinsurancex.org/cheap-car-insurance/green and so on.

Rounding up

It cost more to drive your car without adequate insurance protection than when you have a valid cover : The essence of being insured is to cover against any liability or litigation that may arise as a result of a loss or liability resulting from accident caused by the insured. Examples of risk motorists face for not having appropriate insurance cover on their vehicle includes- the risk of their cars been seized or destroyed by local authorities, fines, claims from other third parties and so on.

But driving with a valid insurance cover only gives you peace of mind because your insurer deals with any other issues that may arise as a result of you getting covered. So, be insured before you drive any vehicle on the road.

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