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Car Insurance

5 key criteria used to determine your car insurance quote

We all want the best car insurance price possible, but finding very cheap insurance companies isn’t always easy. What sort of factors do insurers take into account when they provide you with your quote?

1. The car’s value

Of course, a prime consideration is the vehicle’s value. An older, less valuable car will likely not cost so much money to repair, and the threshold for writing it off altogether will be lower. Many people fall into the trap of overvaluing their cars when searching for an insurance quote – be sure to get an independent valuation before you apply.

2. The vehicle’s engine size

Car insurance quotes are calculated based on your risk of having or being involved in an accident, or the likelihood of your vehicle being stolen. If you have a powerful, desirable car it’s going to be more of a target for car thieves, and you’re simply far more likely to lose control of it when driving – as such, they’re usually expensive to insure.

3. Where you keep the vehicle

Another key element of the quote is where the vehicle is stored overnight. If your vehicle is outside on the street, it’s far more likely to be broken into or damaged than a vehicle that is kept in a secured garage. Finding somewhere safe to put your car at night not only keeps it in better condition but will potentially make it cheaper to insure.

4. How many miles do you drive a year?

When you get your car insurance quote, you’ll be asked what your annual mileage is. Again this is to calculate the statistical odds of you being involved in an accident – if you’re on the road more, you’re more likely to be involved in an incident. So someone who does 2000 miles a year is much less likely to claim someone who does 10,000 miles.

5. Have you made a claim on your insurance before?

The so-called ‘no clams bonus’ can be a great way to save money on a quote, as it shows you have a proven record of safely driving as you haven’t needed to claim. The longer you don’t claim, the higher the bonus will be.

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Car Insurance Health Insurance

How can you find cheap insurance companies to provide you a quote?

When it comes to finding the right insurance deal, whether it’s car insurance or the best medical insurance, you want to make sure you’re getting the best possible value. Finding cheap insurance companies to provide you with a quote that’s actually suitable for you can be easier said than done, however, which is why you need to think about looking online.

Using a comparison tool, you can find the perfect affordable insurance deal.

How does finding insurance online actually work?

The internet is a big place, so how do you actually go about finding the quotes you need? The answer is by using a dedicated comparison tool in order to narrow down the potential offers and leave you with those that are suitable for you. It’s a simple process, all you do is make an application online for the type of insurance coverage that you want.

With that, the application is presented to numerous insurance companies who will come back to you with their quotes. These quotes can be provided almost instantly, meaning you don’t have to put your life on hold while you wait. The quotes will be listed conveniently for you to decide which is the best – with that done, you can apply in moments!

Why do online insurance companies offer cheaper quotes?

So how do those online insurance companies save you money? It’s simple – it’s much cheaper to operate an online-only business than have to incur the costs associated with running a building too. That means they’re able to save money that they can pass on to you as a customer. Online insurance companies are also acutely aware of the competition that they’re in with each other to offer the best deals, so they are constantly monitoring their offers and adjusting them in order to remain competitive.

If you need an insurance quote that doesn’t skimp on coverage, but won’t break the bank, you’ll find it by going online and using a comparison tool. You can get quotes from a range of insurance companies, all of which are tailored to your needs and your budget – make your application with Compare Insurance today to see for yourself.

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Categories
Car Insurance

How do you choose the best car insurance policy for you?

We all have a different definition of the cheap insurance quotes. Some value sheer cost above all else, while others prefer to drive knowing they have the most comprehensive coverage possible. Whichever way you prioritise the best car insurance policy for you, you’re sure to find it by using a comparison tool.

Make your application with Compare Insurance today to get a list of ideal quotes for you.

Getting the perfect quote

Everyone has different circumstances, which means the right car insurance quotes for you will be unique. You might want to make sure you get the cheapest premiums possible. If you’re on a budget, car insurance can seem like a steep expense, but it’s a necessity if you want to drive, so why spend more than you have to?

Similarly, it can be disheartening when you need to make a claim only to realise that your actual car insurance policy doesn’t cover the specifics you need to claim for. If this is a concern for you, you’re going to want a car insurance policy that offers the broadest amount of coverage possible for your vehicle.

If you want to find that perfect package for you, normally you would have to call around each company individually and set about making an application for the level of coverage you want. But now, there’s a better way.

Finding your best deal online

Using a comparison tool is the best way to find a wide range of auto insurance quotes. There are so many insurance companies out there, it can be hard to know who can offer the best deal. With a comparison tool, you only need to make one simple application and the tool itself will do all the hard work for you.

At the click of a button, you can have quotes from a broad range of insurance companies. They will be presented in convenient list form, so you can easily filter them depending on your preference. Whether it’s by the amount of coverage offered or the lowest monthly premiums, you’ll find the perfect deal.

Get started by making an application through Compare Insurance today.

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