What is the most important thing that someone looking to take out a car insurance policy is most interested in? It will come as no surprise to read that the answer given by most car owners would probably be “Price”. A car owner’s biggest concern is likely to be how much he or she is going to have to pay to insure their motor vehicle for the next twelve months whether they pay annually or monthly premiums.
That is understandable. In fact, how much something is going to cost is a factor that is of great importance for the majority of people whether they are buying a loaf of bread, a three-piece suite, a property or a motor car.
However, when considering taking out car insurance, there are a number of other factors that need to be borne in mind.
For instance, what level of cover do you require i.e. fully comprehensive, third party or third party fire and theft. If you are driving around in a car worth £500 do you feel that just third party cover would be sufficient but if your car is worth £20,000 do you feel it would be better to have comprehensive cover so that any damage to your vehicle is covered if you are involved in a road traffic accident?
Before deciding which insurance company to take out your car insurance with do some research into their claims history is i.e. what percentage of claims do they meet and how long do they take to deal with claims. It will come as no surprise to read that this sort of information can be found on the Internet.
When comparing car insurance premiums with different providers make sure that you are comparing like for like. For instance, if you want to include an optional extra such as breakdown cover how does that impact upon the premium being charged by different insurers. What difference does the choice of excess amounts payable make to the premium.
So, before deciding which insurer to arrange your car insurance with, spend some time considering what you are getting for your money. Remember – price is not everything!