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Car Insurance

4 reasons you should compare auto insurance online

If you have recently purchased a new vehicle, or you need to renew existing car insurance, many people believe the easiest thing to do is renew the policy they currently have or choose to use the first insurance company they come across. While this may seem like the most convenient option, if you choose to compare car insurance online instead, you could save a significant amount financially. Below we explore 4 reasons to compare auto insurance online…

1. Car insurance companies frequently change their rates

You may feel confident that a company you have researched in the past have the best insurance rates. Whilst this might have been true at one point, car insurance providers frequently change their rates. For this reason, you should always compare insurance rates online to check and see which company is offering the best deal.

2. New insurance companies are established all the time

If you haven’t compared insurance policies in over six months, you may be surprised to find multiple new insurance companies offering enticing deals. New insurance companies want to build up their client base quickly and can often offer the best insurance policies for this reason.

3. Your credit report may have improved

If you have consistently been paying a mortgage or loan on time, or have been working on keeping a healthier bank balance, you may have successfully improved your credit report. If you were able to improve your credit report, you may be eligible for a better auto insurance policy. For this reason, it is always better to compare insurance rates than to simple renew an existing policy.

4. Your car may have decreased in value

The moment you leave a dealership with a vehicle it decreases in value. Equally, after a few years of owning and regularly driving a vehicle, it will lower in value. If your vehicle is no longer worth the same amount, you should not be paying the same insurance premium. Comparing deals online ensures you are paying the right insurance for your vehicle.

If you live in the UAE, never drive around uninsured and think you could benefit from comparing auto insurance online, visit Compare Insurance today!

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Car Insurance

4 things you can do to lower your car insurance payments in 2020

Car insurance online is one of these necessary evils that all of us have to adhere to if we want to keep our cars on the road.

None of us wants to pay over the odds for our premiums, which is usually a key factor when comparing car insurance quotes. The surprising thing though is that not many people realise they can actually lower their monthly costs. Here we’ll look at 4 ways you can get better rates from your car insurance company and save on your annual outgoings.

Become a better driver

This does seem a bit of an obvious one, but there are a number of things you can do that will signal to your car insurance company that you’re a careful driver and in turn, will lower your motor vehicle insurance.

Look into completing an advanced driving course as many auto insurance companies will offer a reduction on your fees if they perceive you to be lower risk.

Check to see if your car insurance company takes into consideration the analysis of telematics. This is a type of ‘black box’ technology that can assess and feedback to your car insurance company how careful your driving is. See our car insurance tips on ways how to drive safer.

Easier said than done, but try not to incur any extra points on your licence if you can as this will stand you in good stead for preferential rates over time.

No Claim Bonus

The no claims bonus is the merit that insurance companies gives you in return of one full claim free year. Adding a no claim bonus reduces the premium at the time of insurance renewal. Some insurance companies accept a self-declaration from the customer that they have had no claims in the past years whereas other insurance companies accept the formal no claim letter from previous insurer. Getting a No Claim Bonus can significantly reduce the premiums and in some cases with a 3 to 4 year NCB, the premiums can be reduced by over 50%.

 

Increase the excess / deductible

This is the amount the insured person pays while making a claim on the car. The higher the amount the lesser the insurance premium. This means in the event of an accident or repair or theft, this is the amount that is committed by the insured person to pay from the pocket and the insurance company shall cover the rest of the claim amount.

All of these tips will help to keep your costs down and if you’re in the process of looking for discount car insurance, they should help with that as well.

Contact us today on Whatsapp to find the best deals on all coverage of car insurance. You can even contact us on Facebook.

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Car Insurance

Do car insurance premiums increase after an accident in UAE?

Accidents happen. Despite our best efforts, things don’t run smoothly all the time and we can’t control everything around us. Driving is one area where an accident can cause lasting problems, and one of the concerns is that car insurance premiums will go up. There are many drivers from different cultures in UAE, which increases the risk of accidents occurring. So just how much is your insurance premium likely to increase if you are unlucky enough to have an accident?

What will insurance companies consider?

Insurance premiums won’t always go up – there are several factors insurance companies will consider. The UAE insurance industry is quite accommodating and less likely to seize an opportunity to make more money than in many other countries. There is no mandatory premium loading in UAE, so a single accident won’t necessarily cause your premium to rise.

Loading insurance premiums is common amongst many insurers in other countries. It defines the amount that will be added to a car insurance premium to accommodate the perceived increase in risk with a driver who has recently had an accident. With some providers, an accident could lead to your premium increasing by 20-25%. But if you explore some other providers after having an accident you could find yourself a better rate. Bear in mind, however, that you will not get a protected no-claims discount.

What if the accident wasn’t my fault?

This is why you should get a police report immediately after an accident. If you have evidence that the accident wasn’t your fault, it could help with your car insurance premium. The insurance company of the person at fault usually covers the costs, but you may have to claim against your own insurance if the person at fault isn’t found (like in a hit-and-run).

So what factors affect insurance premiums after an accident?

The main factors that will have an impact are:

  • The severity of the accident
  • Who was at fault
  • Your overall driving history
  • Responsible driving

So if you have a minor accident that wasn’t your fault, and you have a clean driving history with no speeding offences, your insurance premium may not increase substantially. Nevertheless, it’s important to use a comparison website like Compare Insurance to look for the best car insurance. This will enable you to find the right deal for your lifestyle, your vehicle and your wallet.

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Car Insurance

How to get cheap car insurance online

Anyone who uses a car will need car insurance. This is a regular payment which can be a major expense for many people, as well as being time-consuming for owners to set up. There are many different policies out there, often with wide-ranging costs, so how do you ensure you get the best deal for your money? Our experts at CompareInsurance.ae know all the tips and tricks and want to share them with you!

1. Choose a cheap car to insure

If you are looking to buy a new car but are worried about the insurance costs, then take a look at the average insurance costs of cars before you buy. Cars that may be at the same sale price point may have hugely different insurance costs, so always check with an insurance broker before buying.

2. Pay in one go

You will often get a choice of whether to pay your insurance in one lump sum or in monthly instalments. Paying the whole cost in a single go will often reduce the total amount you need to pay, as your insurance company won’t charge any interest on monthly instalments. If you have the funds, then paying upfront is always best.

3. Reduce annual mileage

If you limit the amount that you are on the road, it stands to reason that your insurance premiums will be reduced. Insurance companies analyse your time on the road through annual mileage, so a lower annual mileage will lead to a lower insurance cost. Make sure you are realistic with your mileage claims, though, as if your provider finds out that you weren’t accurate then there could be problems further down the line.

4. Check the extras you get

Different insurance premiums will have different benefits, including windscreen cover, breakdown cover and the use of a courtesy car. All of these will increase the costs of your insurance premium, so it’s well worth thinking about whether you really need to be paying for these benefits.

To compare car insurance, speak to our motor insurance specialists via our online chat or Whatsapp. Our staff are always ready to help you save money, so take a look today!

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Car Insurance

Why does your annual mileage affect your car insurance?

There will always be a number of factors which will affect the price of your car insurance. This includes your age, profession and the vehicle that you will be driving. The majority of providers will also be interested in your annual mileage when determining your quote. This is the number of miles that you will – or think you will – be covering in the space of one year. The question is: why do the providers want to know this and why does it affect your ability to get your hands on third party car insurance? This is what you need to know.

Time on road

Your annual mileage will give insurance providers a rough idea of just how much you intend to use the car to determine the average cost of car insurance. This then helps them to determine the likelihood that you could be in an accident. Take, for instance, if you do a 40-minute commute to work each day. Due to the fact that you’ll probably be spending upwards of an hour on the road, it becomes more likely that you’ll be in an accident compared to someone who might only do a 10-mile commute and therefore only find themselves on the road for a shorter time every day.

Condition of car

You should know that your car becomes more worn with each mile it’s on the road. This happens in numerous ways, but generally, there’s an increased risk of damage to the engine and tyres when a car is readily used. Therefore, insurance providers tend to presume that someone who racks up a lot of miles in one year is more likely to be in an accident due to the fact that their vehicle will be less reliable. This won’t always be the correct assumption to make but it’s still how providers decide upon quotes.

What can you do?

You can still find cheap car insurance even if you’re planning on having an unusually high annual mileage. The trick is to make sure that you’ve weighed up all your different options by comparing insurance quotes. This will ensure that you don’t have to fork out more money than necessary to get your car insured.

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Car Insurance

Don’t wait to buy your car before checking car insurance quotes

It tends to be the case that people will only start looking up car insurance quotes after buying a vehicle. However, what most people don’t realise is that it’s actually in their interest to have different providers in mind before they part with their cash. This is something to consider if you’re in the market for a new motor but want to have a clear picture of how much you could be spending on car insurance. Let’s look at three reasons why you shouldn’t wait to buy a car before checking car insurance.

Budget

You’ll have a much better idea of how much you can spend on your car if you know roughly how much it will cost for car insurance. Take, for instance, if you can find a provider that will provide save money car insurance for you. Once you’ve got this knowledge, you should then have a much better idea of your budget. It could even mean that you’re potentially able to go for a newer or better-conditioned model.

Categories

You might think that the price of your car insurance will largely depend on such things as your age and experience. However, the sum of your insurance can also depend greatly on the type of vehicle you choose. Cars fall into different insurance categories depending on details such as the make, model and engine size. Once you find a car, you should compare different insurance quotes to check how much your desired vehicle affects the price.

Speed

The process of buying a car will run much smoother if you’ve priced up the insurance before purchasing the vehicle. In some cases, you can simply accept a pre-existing quote before driving off the forecourt. This should mean that you can start enjoying the open road as soon as you’ve got a car rather than only then having to start your search for cheap car insurance.

It starts now!

You can start checking out the price of car insurance by using Compare Insurance. This should help you to narrow down any vehicles that you might be choosing between and ensure that you’re good to go from the moment you’re the owner of the car.

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Car Insurance

3 surprising ways cheap car insurance can make you LESS likely to have an accident

There’s something very exciting about the prospect of finding cheap car insurance quotes. After all, who doesn’t love the idea of being able to safely run a vehicle and have a little extra cash in their pocket? However, the perks of cheap auto insurance actually stretch much further than just saving money. Instead, the fact that you’ve got it can actually make you less likely to have an accident in future. You might well ask: how is this possible? Well, let’s look at three thee ways cheap insurance can assist you in staying safe on the road.

Relaxation

The fact that you’ve managed to get your hands on comprehensive car insurance will be just another reason why you’ll be able to fully relax on the road. This is because you’ll be able to appreciate the joys of driving – rather than constantly worry about how much it’s costing you. Don’t forget, the more you’re able to relax and focus solely on the road means the less likely you are to lose your concentration and be in an accident.

Motivation

Sometimes there’s just no better motivation to drive safely than wanting to keep the cost of your car insurance down. Of course, if you’ve managed to get your hands on cheap insurance then you’ll know just how amazing it feels to have it – and this will just be added motivation to be extra safe on the road so that you can keep paying the same amount – or less – in future. Here are three reasons cheap car insurance can actually make you less likely to have an accident.

Updates

Due to the fact that you’ll have more money in the bank, you should find that you’re more financially equipped to make modifications to your car when necessary. This might be by having air routinely pumped into your tyres or by updating your brake pads when they start to deteriorate. It might seem obvious that you should be investing in these things anyway, but such features often fall on the back-burner when drivers have forked out huge amounts for car insurance.

Let us help

You can find compare car insurance by using Compare Insurance. Be sure to use our service to see the difference between providers and the competitive rates they offer.

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