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Every year the cost of running a car rises, due to the need for petrol, road tax, MOT and car insurance. The expenses mentioned are constant for all of us in that to legally drive we all have to pay for them. Car insurance however is a very individual cost. With the growth and popularity of comparison websites it can be very simple to just stick in your details and be presented with hundreds of various quotes; the problem is that you still have to go through them before finding the best one for your circumstances.
Comparison sites tend to produce results that are skewed in favour of the price as the main concern so they tend to show you the cheapest policies first, even though they may not be the best for the criteria you submitted. It is, therefore, very important to check the finer details of each policy before taking the plunge.
Many companies are now offering a "no frills" policy to attract business and enable them to compete in a very competitive market. These deals mostly offer fully comprehensive insurance at a very low price, but exclude many of the extras that you would assume to be included as standard - you will generally find that such luxuries as the use of a courtesy car as long as yours is off the road will be excluded.
One of the other main disadvantages of a cheaper insurance is the fact that you will have to pay a higher excess payment on your car in the event of a claim. The only benefit to this is if you don’t make a claim, but this is unpredictable and the reason for having insurance in the first place. It could cost you a lot if you claim even though you have insurance cover.
One strategy is to get insurance cover where you can pick what you want and therefore how much you pay. Instead of offering all inclusive or basic policies many insurers, ASDA Car Insurance to name one, enable you to select which extras you would like to include.
Taking ASDA Car Insurance as an example then, on top of whatever you're paying for basic cover you could add £1.50/month for legal protection, including up to £50,000 in legal costs should you need it, for an extra £2.50/month will get you a hire car for up to 14 days and if you aren't already paying for such a service from The AA or RAC you can add a breakdown service to your policy starting at £6.30.
With so much competition in the market many insurers now try and target specific groups of drivers and provide them with quotes better than other companies offer for the same policies. Whatever car insurance policy you choose, always choose wisely and never put the cost before the quality! |
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