Insurance Overview
There
is no point having a new car that resembles a twisted piece of metal artwork. If
your new car is not insured, and it is stolen or you have an accident, you will be
required to continue making the repayments on your new car even though you're not
able to drive it.
1. Try An Insurance Broker
Try to find some brokers who specialise in policies appropriate to your age, gender, make of car or occupation. One example might be the NFU National Farmers Union who do car insurance especially for farmers and give very competitive quotes. If you know someone who's got a similar car or occupation to yours, why not simply ask who insures them? - Chat forums, owners club magazines and garages are all good sources of this kind of anecdotal information.
2. Big Companies
Those companies who can afford to do the highest profile advertising are probably not the cheapest! With all of the policies please make sure you consider the Product Disclosure Statement available.
3. Don’t say YES to the first quote!
The first quotes you'll get
back for your car are likely to be on the high side - insurance companies
capitalise on the fact that until you've received a few quotes you won't know
what's actually a realistic quote - Never take the first quote you get, no
matter how competitive it might seem!
Make thorough notes about all aspects of each quote that comes back and play
the companies off against each other. Speak to a broker at this point if you
feel you are not sure what you are doing. There's no point in lying as most
companies are all too aware of the REAL cost of a car insurance quote! Quickly
you'll realise that the phone operatives have the ability to negotiate on the
price of their quote and most of them would rather drop their prices than lose
the business to a competitor! Overall, information is POWER, the more you have,
the better decision you can make.