Get The Best Car Insurance Deal

I've got a super exciting article for you today. We're going to talk about car insurance.

More importantly, though, we're going to talk about the things that affect your car insurance, how it's rated, and how you could possibly make sure you're getting a good deal. Okay. I think you'll be really interested by some of this, and I think everybody watching this is going to learn one thing from it, at least. So please keep watching. Right firstly, I'm not giving you any insurance advice in this article and if there's anything that seems like advice, it's not. You can only get insurance advice from an FCA approved insurance broker or advisor.

I'm not speaking to you in that capacity whatsoever. So if you want proper insurance advice, speak to an fcaauthized insurance broker.

Just a quick reminder to give the article a thumbs up and don't forget to subscribe thanks right. So lots and lots of factors affect how your insurance is rated. And I'm going to tell you all this. And one of the main things is that you always tell the truth vitally important, because if you don't, you will be found out if something goes wrong.

Believe me right. First one, you postcode where you live, lots of different factors around this, but the main ones are the crime in the area and the amount of traffic and population there, and the number of accidents that happen in that area.

So you could say like inner city London or Birmingham, you're going to be much, much more likely to have a car accident than you are if you live out in the sticks somewhere, simply because there are loads more people and loads more traffic. There's nothing much you can do about that.

Don't lie about where you live. It is a major rating factor and it does get checked. So don't tell someone you live in the country when you live in Birmingham, because if you have a car accident, you don't want to find out at that point that a you're not covered.

B Your insurance is invalidated so c You might get done for driving with no insurance which means a big fine and six points on your license. Next personal characteristics so things like your age make a difference.

Obviously really young drivers are seen to be high risk and also very old drivers seem to be high risk and then different insurance companies have different sort of appetites for different age groups. So I'm now 4343 year old is reasonably attractive to most insurance companies. You know I've got rid of all that. Testosterone am I as a younger man stopped driving around like an absolute loon.

And possibly I'm a bit of a safer bet than someone who passed the test three months ago and you know is 17 years old or something. Mean your credit score as well also comes into it. Most insurance companies now run credit checks against their policy holders or potential policy holders, and they're doing that to try and give you almost like a moral rating.

If you've got really poor credit score, you might be more likely to try and commit some kind of insurance fraud. You might be a higher risk individual for them in some way. That's not to say that's the case. You know you could have a terrible credit score and be an absolutely fantastic driver and a good insurance risk.

You know they will use Dantas sets based against well in this category. This many people had a claimed versus in this categoryenglish where this many people had a claim, but credit score is a factor with a lot of insurance companies. Likewise, if you've just moved home, sometimes your credit score is negatively affected because you've literally just moved ham and you're not appearing on the Electoral Rolle yet.

Some insurance companies won't quite for you or they might quite a higher premium as a result of it. So that's something to bear in mind right the way you use the car. So your annual mileage has quite a big effect. If you say you do a low mileage, the insurance company might put a mileage restriction on your policy, so you need to check that and again don't lie. Be honest, if you normally do.

7 thousand miles a year. Tell them you do eight or something in case of're put an 8 thousand mile cap on. And if you look like you're going to go over that sort of ten months in, give them a call and let them know you've probably also heard about black box technology. This is where you have a little device in the car.

An insurance company can track your driving style the hours you typically use the car and you know if you're speeding and all that kind of stuff. If you agree to have one of those and you abide by the rules that can save you a few quid.

But again you have to abide by the rules and then what you're us in the car. For if you literally use it for social use and you go to one fixed place of work, so you go to the same office every day. You ask for social domestic pleasure and commuting use.

If you don't commute to work, don't use it for any kind of business use. It's social, domestic and pleasure only.

And then you've got class one business use, which is where you may go to different places of work.

So say you go to two or three different offices potentially and pre-booked appointments. So if you're a traveling salesman turning up at, you know, carpet showrooms every day with your samples, that's not going to be covered under class one business use, because you're just arriving at places.

But if you go to. The London office one day and the Birmingham office the next of your company whatever then usually come onto class on business sho. Get advice from a broker if you need any kind of clarification about any of these points and then where the car stored overnight is also a big factor.

So they usually ask you for the postcode where it's kept overnight, which would usually be your home address one and then whether it's kept on the street or in a garage or on your drive. Usually if the car's in a garage, the insurance company might put a garage in clause on there to say whilst it's out the home address between these hours, they expect it to be kept in a garage and then the next thing courses the car.

So they're going to look at things like the age of the car, but also combined with things like the MA model, the engine size, the potential cost of repairing that car, how attractive that car might be to thieves, how fast the car is. All these things are factors when it comes to giving the car an insurance group and of course also the value of the car might come into effect, something a lot of people do.

They say Oh my cars worth 30 thousand pounds and then it gets written off and they get off ten or something. Quite often they give the person says it's worth 30 thousand pounds because that's the price. It was new where they've got a three-year-old one with 60 thousand miles on it. You're going to get market value, which is generally trade price.

Okay, that's what the insurance companies usually give for writeoffs. Next, your driving experience. So how many years have you been driving? Have you got a full license? Have you got any points on your license? Have you had any accidents, anything like that and be honest. The amount of people that don't declare things like speeding convictions or driving without insurance convictions.

They can result in your insurance being invalidated. If you get that, you're getting more points from the police. You must be honest with these things. Everything is checked be as honest as possible if you're in like the Institute. Advanced Motor Risk or whatever.

It is also let the insurance company though actually if you've done Advanced Driving Qualification, they might give you a reduction for that you're seen as a better risk to them and then also who's the main driver of the car. This is another one where people sometimes get come unstuck.

They'll have two cars and the second one is, you know, for their son or daughter and they'll say that they're the main driver on it to try and get the premium down.

Well, if you've got a two-year old BMW Five Series and a ten -ear-old VW Up and you say you're the main driver on both, but the VW up happens to have your 17 -year old son or daughter on the insurance company will smell around on that if it comes to a claim and realistically, you're not the main driver on that VW Up, a son or daughter is so always declare it properly, then you've got some of the little add-on covers things like protection on your no claims discount. I think it's a thing you definitely need to have, because if you do have an accident, accident doesn't always have to be your fault for you to lose your no Claims discount.

If you have an accident or the car stolen or something, And a recovery can't be made by your insurance company, i. E. Someone drives into the back of you and drives off, or they hit you in a car park. It's not your fault, but as far as you no claims discount goes, it's a fault accident. It's a fault claim because they can't recover the money from anyone else, so bear that in mind. I think protection on you know claims discounts well, well worth it, because if you lose it, it takes years to build it back up, and you're paying a lot extra in the meantime.

Then there's stuff like uninsured loss recovery or legal expenses coveries. That's sometimes known. You can shop around separately from that. You don't have to buy it with your insurance. I would strongly recommend everyone has that because that can get you a lot of money.

All right that can be more valuable to you than your main insurance policy. If you have an accident because that can get you a curtsy car, you could might be able to pursue an injury claim if if an injurys happened in the accident, lots and lots of things that in my mind make that quite a good value. Little add-on, especially when you compare the price you pay for that to the price you pay for your car insurance.

A few things to look out for that comparison sites don't always have the best price they often do, but not always so bear that in mind and also not everybody is on their comparison in sites comparison. Ins sites charge the insurance companies and brokers a lot of money if they write a piece of business through that site, so not all of them go on there and some of the ones that are on there charge a higher premium and also they do look out for what they call quote manipulation.

So that's where someone's gone on and got a quote. And then they go back and keep changing little details. We'll take these three points off, we'll do this, we'll do this. All of that is logged. So if you're going on there and changing the quote to get a cheaper price, that's all logged.

A lot of the companies now have things built into their algorithm, so if quote manipulation happens, they either won't quote on another system or they quote higher rate or they'll call you afterwards and ask you to verify all that. So they've got recorded phone call of you verifying that informations correct.

It doesn't work in your favor. Changing things, give them the truth the first time and leave it at that and then admin fees you want to know about the broker admin fees because it's really important they might have the cheapest quote on day one, but in six months. Maybe you're going to move house or change your car or you need to cancel the policy or something.

They might charge you a 50 quid admin fee. The insurance company might not be charging you anything, but the broker might charge you an admin fee, so you really need to understand all the fees that come along with that policy, because although you're buying it today, you're going to have that for a year or two years or three years.

However, long you with them and you really want to understand their fees because otherwise that cheap policy bought can become very expensive in the long run. Hope you enjoying this one guys, please give it a thumbs up. Thanks. I'm not going to give you links to go to different insurance companies and stuff because I don't want to give anyone actual insurance advice.

I want to have a little chat about roughly how it works in my opinion and the things to look out for and things to be wary of. Because I think with insurance, people get so. Focused on getting the best price that they forget.

What happens if they don't get paid out or their policy gets invalidated. So the important thing is to focus on getting the right cover. Once you've done that, then try and get the right cover at the best price, but don't let yourself buy something and then find you're not covered.

Because if you save 50 quid on Somemit and it's worthless if something goes wrong, it's not much for saving. Is it really? If you want insurance advice, speak to an insurance broker, I'm not talking to you in that capacity at all. I'm talking to you as a bloke in the pub as an opinion on one or two things, al right, nothing more, nothing less. I hope you liked that article.

Disclaimer: Please note that the information we provide is for educational purposes & Reviews only and should not replace professional financial advice.