3 Simple Ways to Get the Right Car Insurance

There’s no escaping it, sorting your car insurance is about as thrilling as queuing for fuel on a bright sunny day, but set off with these three simple tips and you’ll be ready to hit the road, knowing you’ve got all the cover you need…

1. Know Your Choices

The three main types of car insurance are:

• Fully
  comprehensive – the highest level of protection
  available, covers you against any damage to your own vehicle and damage to a
  third party in the event of an accident.
• Third
  party, fire and theft – protects against damage you cause to
  other road users and allows you to claim for loss or damage caused by (you
  guessed it!) fire or theft.
• Third
  party only – the minimum legal insurance
  available, this covers only damage you cause to other people and their
  property, but offers no protection for any losses of your own.

In addition to these, in some areas, you may also need a CTP Green Slip (Compulsory Third Party insurance) to cover personal injury claims for others in case of an accident. With protection against third party, fire and theft included automatically, most comprehensive insurance packages will also provide you with protection against personal injury, windscreen damage, personal belongings and, often, driving other cars too.

1. Know What You’re
   Paying For

You’d be forgiven for thinking that fully comprehensive insurance would be the most expensive option but that’s not always the case. In the past, many high-risk drivers have taken out low levels of cover to reduce the price they have to pay. Now insurance companies are wise to this and recognise that drivers buying third party, fire and theft or third party only policies are more likely to make a claim than drivers who opt for fully comprehensive insurance. The result? Comprehensive cover is often less expensive than lower level policies.

1. Protect Your No
   Claims Bonus

Being a safe driver always pays off. Having a no-claims bonus makes insurance providers happy and pays dividends when it comes to getting a competitive price on your car insurance. Every year you don’t claim on your insurance will knock pounds off the price you have to pay for cover. Typically you will see the following reductions on your premiums:

• One year -30%
• Two years -40%
• Three years -50%
• Four years -60%
• Five plus years -65% (or more!)

If you have an accident and make a claim against your policy you can expect to lose two years no claims and your premiums will rise. Have more than one accident in a year and you could lose your no-claims bonus altogether.

If you currently have any no-claims bonus it may be worth protecting this with a ‘no claims discount protection’. This lets you make a claim against your car insurance without losing your bonus.

Will your insurance go up if a car accident was not your fault? Is often a question that is asked. The answer depends on your insurance company, and whether your no claims were protected.

Costs and terms will vary widely but using an expert broker could save you a whole heap of time and money. Online Money Advisor works with independent insurance experts who can find the best car insurance offering the no claims discount protection at the level you want for the most competitive price. Leaving you ready to hit the open road without delay.