Before buying a car, you should compare the market first and see what the prices are. You may find someone who sells the car even though it has insurance. Sometimes, it’s cheaper this way, because you only have to renew the insurance when it expires. But there are cases when it would be cheaper to just buy insurance yourself. But, in order to learn which of the two cases apply, you should compare the market first.
You can do this by walking around and asking, or searching the internet. There are several websites and calculators to help you do just that – compare the market, and find the cheapest, the safest, the most economic, or, simply, the best car of them all.
But you might not always find someone selling a car which already has insurance. In this case, it’s up to you to buy insurance for your car. Although it’s not that hard to do this, it is a little tricky, because there isn’t just one kind of insurance policy.
In the UK, there are three basic insurance policies: Third Party Policy, which means that you have to pay for damage caused by your car; Third Party, Fire and Theft, which allows you to recover losses caused by fire or theft; and Comprehensive Policy, which covers both the damages your car inflicts and part of the damages inflicted upon it.
But these are just the basic insurance policies. You can choose what your car insurance covers. If you compare the market, you’ll see that the options range from normal causes, like car accidents and motor problems, to extraordinary causes, like natural disasters and vandalism. So, if you didn’t buy a car with insurance, you should once again compare the market – car insurance companies offer many options and discounts. You can do this on the internet, as well.
Before you compare the market in search of a car with insurance, you should first decide what you wish for exactly. While it’s easy to choose a car, since you already have an image in your mind of the kind of car you would want, when it comes to insurance, you need to think about what you must be ready for: being involved in car accident, being the one who caused it, the car breaking down, being caught in a fire or being stolen, vandalism etc.
After that, you should decide on how much you want the insurance to last – the basic policies offer insurance for a day, a week, a month, or a year, but you might find others that cover different periods of time (two weeks, six months). Only after you’ve considered these two things you should compare the market to learn the prices.
The prices vary according to the type of car you have, and to the level of excess you are willing to or asked to pay (the standard demand from insurance companies is of £250). The excess is the amount of money the insurance company expects you to pay when the car suffers damage. But looking at it the other way around, the more the car insurance policy costs, the more events it covers, and the less you have to pay in such events. So you should first decide what to you expect from the car insurance company. Then, you are free to compare the market – car insurance companies, policies, and prices are easy to find in any city, and even easier on the internet.
When you compare the market, you should look for insurance conditions and complementary services as well. For example, some insurance companies take your age into consideration, while others offer car insurance even to 90-years-old people. Some insurance companies will ask you to pay for part of the damage inflicted to your car even though the accident wasn’t your fault, while others cover the damage fees completely.
There are also some insurers who will include protection for trailers as well. Some will send a vehicle to tow your broken car to the service (usually for a price), while other lend you a “courtesy car” to drive until your own car is being repaired. Other companies may provide other services, so you should gather all the data you can when you compare the market – car insurance dealers might tell you about them without you asking them to, but this doesn’t always happen.
Decide what you think it’s best for your car and for your wallet, then look around and ask for more information. After you have found a good offer, a good price and insurance that covers whatever you want it to cover, compare the market and see if there isn’t any other insurance company offering the same insurance and services for an even better price – you want the best offer with the best price, after all.
Compare the market – car insurance UK