Compare Car Insurance Guide

Compare Cheap Car InsurancePurchasing car insurance can be intimidating: most companies seem to be selling the same type of cover, with each company offering approximately four different cover plans. Apart from comparing prices, you first have to decide which “level” of cover is best for you.

Finding the best value for your money is simpler when you compare insurance companies and policies online.

Choosing a Level of Insurance Cover

Your first consideration should be the value of your car. A fully comprehensive package should only be purchased if the value of your car far exceeds the annual premium. By contrast, if your car values £5000 or more, a fully comprehensive package is the obvious choice.

In the event of an accident, a comprehensive cover will pay for the cost of repairs for damage done to all cars involved in the accident.

It will also cover the costs of medical bills due to personal injury and other less obvious costs. Whether you opt for third party cover, fully comprehensive cover, or for something between the two, most policies give you the option to add extra cover at a discounted rate, and when choosing a level of cover, discounts will play an integral role in comparing costs.

Online Car Insurance Discounts

Additional Drivers
Unfortunately, insurance companies do not offer discounts for adding drivers to a policy. A good way to create your own discount if you have multiple drivers is to consider how frequently each driver will actually operate the car.

Instead of adding all drivers to your policy, if one or more drivers infrequently uses the car, just take out temporary insurance for those drivers as needed.

Age & Experience
Insurance companies correlate age with experience and for this reason older drivers receive discounts. Consequently, a young driver in a less expensive car might consider merely applying for third party cover, in order to ensure that any damage an accident might cause to another car would be covered without emptying the pocketbook.

Meanwhile, an experienced driver, particularly one with a clear driving record over the years, may be more able to afford a more expensive or even a fully comprehensive cover.

Clear Driving Record
In the insurance industry, the clearest driving records can result in a discount called a “No Claims Bonus” or “NCB”. The premise behind the discount is that the insurance company can safely assume that the fewer accidents or claims you have made in the past, the less likely you will be to make a claim in the future.

This bonus is commensurate to the number of years a driver has gone without making a claim, and the more drivers on a policy who qualify for the NCB, the cheaper the policy will be. It is even possible to receive a discount as high as 65% off if you have gone five years or more with a “No Claims Bonus”.

It may be important to note, however, that not all insurers allow the NCB to continue to build and become more valuable to you for your “additional” drivers. This is a means by which insurance companies can encourage these drivers to purchase their own policies. On the other hand, some insurers do build the NCB for all drivers on a policy.
Breakdown Cover

Insurers also offer breakdown cover policies–which cover costs related to automobile malfunction or breakdown. Like the accident cover policies, you can purchase one of an array of levels of cover, and like accident cover policies, discounts apply. For breakdown cover, discounts, prices, and the value of your car are not all that should be considered: the company’s guaranteed response time will also be of import.

Response times do not vary between policies, but they do between insurers. Quality care related to breakdown cover may have more to do with trusting your insurer than with accident cover, and a few benefits that might contribute to this include whether or not the comprehensive package compensates for putting you up in a hotel if you should breakdown away from home.