Considerations When Buying Motor Insurance

When looking at buying motor insurance, in a nutshell, you have three choices of policy types

Third party, fire and theft insurance cover gives some basic protection for your car such as if it was stolen, damaged by fire or any third party costs. But it would not pay out for any damage you caused to your vehicle.

Fully comprehensive insurance cover is the dearest option as it offers maximum coverage, but it does mean that your vehicle is fully protected against just about anything. And even if you have an accident that was your fault, the insurance company will pay out (subject to you not having been under the influence of alcohol, drugs or where you were driving recklessly). It often comes with additional options such as legal and medical costs.

The bare minimum cover that you are required by law to have is third party only and offers the most basic of motor insurance cover.

As mentioned above, in the UK, having motor insurance is a legal requirement. You need a policy unless you want the police handing out penalties to you and you also need it to avoid having to payout for repairs or damage to your car or if you want to avoid losing out altogether in case of fire or theft.

Buying motor insurance on the internet can help you to cut down the cost of your policy. It is also the best way of comparing the contents of each policy against each other so that you can choose the right cover for your circumstances.

There are several ways that you can keep the cost of your car insurance low.

By keeping your car safe the premiums will be lower and to ensure it is harder to steal, fit steering locks, alarms and keep your car safe in a garage when not using it

Obviously, a small family car will be cheaper to insurance than a sporty number and the age of the driver - or named drivers - will also greatly influence the premiums. Younger drivers will be charged more for their insurance while those with a longer driving experience and a no claims discount will pay less.

One of the ways to make savings on your policy is to choose to pay out more in excess on your policy. By doing so you will have to stand to the amount set but for this the premiums will be less.

To save money on your policy always compare prices each year, by renewing when the policy runs out you could be paying far more than you need to.

And do look to see how many extras are thrown into the insurance policy. What you get in the policy will vary greatly between car insurance companies.

By using a specialist motor insurance broker they can do the legwork on your behalf and search out some of the most competitive deals, matching your needs to the right insurer.

Make the most of the internet for information when looking for your motor insurance cover as it offers many tips on ways to save along with what to look for and how to choose the right policy suitable for your needs.

David Thomson is Chief Executive of BestDealInsurance an independent specialist broker dedicated to giving consumers the best insurance deal. They offer great value home, life and car insurance.