Buying insurance for your vehicle can be a bit of a minefield. Not only is there a great deal of information out there, but the situation is compounded by a number of myths which have grown up around car insurance.
Here are 10 myths we can hopefully dispel as you compare free online car insurance quotes:
Fully Comprehensive is more expensive than Third Party. Not necessarily. Younger and more 'risky' drivers are often forced to go for Third Party cover as it is the only affordable option for someone of their age or with their driving history. This has actually led car insurance companies to increase Third Party cover premiums. It is important that you compare costs by checking out the free online insurance car quotes available.
Comparison websites charge commission. Many people think that comparison websites charge. Not true. Free online insurance quotes are usually just that. Free. Statistics show that you can save as much as 35% of your car insurance premiums by using comparison websites.
Your insurance company rewards loyalty. This can be true, but often it is well worth checking out comparison websites. Competition is so great that you may find a cheaper quote. It is estimated that people in the United Kingdom waste almost ten billion pounds a year by failing to shop around.
It's cheaper to insure in a parent's name. Not only is it not true, it is now illegal to do this. If you have already taken this approach, you will need to review your insurance cover as it may well be invalid.
I never have to pay an excess if an accident is not my fault. This is not true, if the other party is not insured. In this situation, you may have to pay the excess.
There is no claim limit on stolen possessions. Not all policies will cover everything stolen from your vehicle. Many of the items we take with us on a daily basis are actually quite expensive and unless you have taken the trouble to take out extra insurance to cover higher value individual items, you could well find that your phone or laptop, for example, will not be replaced. Check your policy.
Older cars are cheaper to insure. This is often true, particularly for those using classic car insurance. However, many current policies take into account the security features and the cost of spares associated with your vehicle which will affect the premium.
Comprehensive insurance allows you to drive other cars. This may be true of many policies but it is not always so. Moreover, it is likely that any cover for other cars will be Third Party only. Again, check your policy.
I can claim the remaining premium if my car is written off. No. You pay your premium for a whole year, so if you are paying monthly, you must still pay until the annual premium is paid in full.
Expensive cover is better. If your cover is expensive, there is a reasonable likelihood that you have a more comprehensive policy. However, shop around. You can get free online car insurance quotes, which may be cheaper, whilst providing the same or indeed better cover.
Free Online Car Insurance Quotes
To get free online car insurance quotes, visit our Instant Quote page. Here you will find a wide range of insurers to help you find the best free online car insurance quotes on the market. Visit our News and Feedback pages for more information about how the car insurance market works, and also how you can reduce your premiums as much as possible.
Visit www.car-insuranceuk.com regularly for the latest car insurance search news and links to the best car insurance providers. Please follow the links on this page to obtain your own personalised free online car insurance quotes and make your own comparison.
© October 2009
