Car Insurance? Don’t Just Accept The Renewal Quote

admin — Thu, 29 Jul 2010 07:30:09 +0000

Many millions of insurance renewal, bills will be sent out over the next two weeks, you should consider if it’s a good idea to just accept the quote. On the other hand, maybe you should shop around to see if you could find a better deal.

Huge numbers of motorists will be in severe shock when they discover how much their premium will have risen since paying their insurance a year ago.

In the UK, new number plates are issued during the month of March; it is also the month with the highest number of car sales. So obviously, as a side effect is also the month, the highest amount of car insurance policies arranged.

So for many millions March will be the happy anniversary of the purchase of their brand spanking new car. Unfortunately, it will also be the anniversary of taking out their new insurance policy.

Renewal time is an excellent opportunity to look over your policy, and consider, could you get the same cover and pay less money?

A good place to start is by going through all the boring terms and conditions. You may find that in your rush to get into your new motor last year. You did not consider exactly what insurance conditions you needed for you and your vehicle.

You may find that their are some conditions that don’t apply to you what you no longer need, removing small pieces of cover can significantly reduce your insurance premium.

The floods last summer had a huge effect on the cost of renewing household insurance because of the massive number of claims. People do not realise that huge numbers of cars were also damaged or destroyed by the floods, which have contributed to an increase in car insurance costs.

The AA has released its latest index of quarterly insurance costs. The survey concludes that there’s been a large increase in the number of personal injury claimants on motor insurance companies. The knock-on effect of this has been a 2.5% increase in the cost of insurance cover. The index covers quotes from more than 80 large and small insurers, and found that the average comprehensive insurance premium is now nearly

Can Car Insurance Be Cancelled Because Of A Claim?

admin — Fri, 23 Apr 2010 02:52:52 +0000

You may have heard that car insurance companies cancel people’s insurance if they have had a claim. Typically that’s not true, however if you do have a claim that the insurance company believes is your fault you may pay a higher premium. Here’s what you can do.

Car insurance companies basically base the rate they charge you on their risk assessment of how likely you are to cause a loss. In other words, if are getting auto insurance quotes and you have a history of speeding tickets, or have filed claims with other insurance companies recently for accidents you caused, you’ll probably pay more than if you had a clean driving and claim record.

With that being said, if you file a claim with your current insurer they’ll analyze the type of claim and who was at-fault to decide if you have now become a greater risk. If they think you have, then you may end up with a higher premium. Depending on the company, and the number and types of claims you file, they may not renew your policy at renewal time.

If your car insurance rate is raised because of a claim you’ll probably want to do some comparison quote shopping. Rates vary from company to company and you may be able to get a lower premium. However, make sure that when you are requesting car insurance quotes to tell the truth about your driving and claim history. Insurance companies will find this information out when they go to underwrite your policy and you could end up having to pay more — or even be cancelled — because you weren’t truthful.

Make sure to get at least three comparison car insurance quotes and provide the same information to each company or agent. If you’re concerned about paying too much because of your claim, there are ways to lower your insurance costs by raising deductibles or asking about discounts.

By: Scott Lunt

Auto insurance » Renewal Time

Car Insurance? Don’t Just Accept The Renewal Quote

Can Car Insurance Be Cancelled Because Of A Claim?