When it comes to car sales, you may be looking for a new or used car that will meet your specific needs. This means you may be looking for an economical compact that you can drive to and from work without it draining the bank account in fuel or you may be looking for a luxury 4 x 4 because you travel a number of country lanes and dusty tracks each day.
It doesn’t matter what car you purchase or why you need the car, what is important is ensuring you take out enough insurance to cover the vehicle and ensure that you are driving legally on the road.
In the United Kingdom it is illegal to drive any vehicle without insurance. There are three options to choose from; the first is third party cover, which only protects you if you cause an accident, paying for any third party vehicles or damages, it does not cover your vehicle in any way.
The second option is third party fire and theft, which is the same as third party cover, but also covers you in the event that your vehicle is stolen or if it catches fire, due no fault of your own. The final and most common choice is comprehensive cover, this protects you and the other vehicle, it also covers you should your vehicle be stolen or should it catch alight.
Always shop around, don’t take the first quote you are offered. When you have looked through the car sales available and identified a vehicle you want to purchase, and then shop around to find the best possible deals. You will find paying up front for a year will work out cheaper than if you were to pay it off in monthly instalments. Each insurance company offers their own rates, which is also why you should always shop around at the end of each insurance term to see if there is a better deal out there.
Over the years you have been building up your no claims. No claims are a fantastic bargaining tool which you can use when trying to get the best vehicle insurance quote. Most insurance companies will take the length of no claims you have into consideration, this proves that you are a low risk to the company. If you are claiming on a regular basis, then you can expect to pay a higher insurance premium moving forward.
Protect your no claims wherever possible. When it comes to car sales, finding insurance is a top priority. You can often pay a slightly higher premium to protect your no claims, ensuring you insurance doesn’t increase in the future.
Another consideration is when looking at car sales and deciding whether to finance or not, the insurance can be a huge factor, especially if paying monthly. In these instances you have your monthly repayment instalments and your monthly insurance payments. Identify if the insurance company will enable you to increase your excess. A higher excess usually means a lower premium. Insurance companies are often willing to consider this option for customers with a good history of no claims.
Ensure the car sales you are looking at come with an alarm system and immobilizer, this can help you reduce the insurance cost even further, helping you make your money go that little bit further.
Remember to never choose a car and drive out of the showroom without having your insurance in place. Some car sales companies provide you with a short term insurance solution, just enough to get you home where you can then start shopping around to find the best possible deal to match your budget.