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Car Insurance

3 car insurance myths debunked

Car insurance can be extremely difficult to wrap your head around, so to make sure that you end up with the best deal, we’ve debunked three of the most common myths about cheap full coverage insurance.

No claims bonus protection will prevent my premium rising

Many car owners make the mistake of assuming that if they pay more to protect their no-claims bonus then this will stop their premium from growing if they decide to make a claim. However, it isn’t that straightforward. If you have chosen to make a claim and have already paid to protect it, you won’t lose your no-claims bonus, but your premium still has the potential to increase because your insurer might label you as ‘high-risk’. Your no-claims bonus also serves as a discount that is taken away from your premium, so you may still pay more at renewal.

Comprehensive insurance is always more expensive than third-party cover

While it makes logical sense that low-level cover would be cheaper, this is not always the case. Drivers that choose low-level cover have a tendency to make more claims, which has increased the cost of these low-cover policies. For many car owners, comprehensive cover can either cost less or the same as third-party cover or third-party, fire and theft cover, with the added benefit that your own vehicle will receive coverage for any damage.

If I don’t claim, my car insurance premium won’t increase

Every year that you don’t make a claim, you might be building up your no-claims bonus, but this does not mean that your car insurance premium won’t increase. The cost of your insurance will depend on a wide variety of factors. The majority of insurers will consider your age, so after you reach a certain age, your premiums might rise because you are regarded as higher risk. If you make specific adjustments to your insurance policy, such as your address or job, your premium could also change.

If you need help finding the best car insurance policy for you, get in touch with our team at Compare Insurance today.

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Car Insurance

What are the different levels of car insurance cover?

We find that many people become confused when trying to compare cheap car insurance near me. Before you attempt to sift through the large number of insurance companies trying to offer you the best deal, it’s important to know the difference between each level of cover. Here, we tell you everything you need to know:

The three variations of car insurance are:

• Fully comprehensive insurance
• Third party fire and theft insurance
• Third party insurance

Third party insurance

This is the minimum level of insurance that is legally required to drive in the UAE. However, you should be aware that if you are only choosing to invest in third party insurance, your cover will be the most basic. This type of insurance only covers damage that you may cause to someone’s property, or compensation for any injuries. Therefore, everyone is covered other than you. If your vehicle has sustained damage from an accident, you won’t be covered. This also applies to issues that aren’t self-caused, such as your vehicle being stolen or damaged by a fire.

As you’d expect, third party insurance used to cost less than other options. However, they are now often the most expensive. While we may recommend this to those owning an older, less valuable car, it is often more cost-effective to look for other insurance, and this will also reduce your level of risk.

Third party fire and theft insurance

This offers an extra layer of protection than third party only, as you’ll also be protected if your car is stolen or damaged by fire. Again, this tends to be more expensive than fully comprehensive insurance, and is more suited to older cars. If you have a new, top of the range vehicle, you don’t want to risk not being covered for accidental damage, which is much more common than theft or fire.

Fully comprehensive

This is the greatest level of insurance cover. With fully comprehensive insurance, you’ll be covered for any damage to other vehicles, and your own. You’ll also be covered for thefts, fires and accidents. Historically, this was the most expensive, but nowadays, full comprehensive insurance tends to offer the cheapest quotes. However, you should be aware that your insurance quote will vary depending on a number of other factors, and it’s always a good idea to explore your options before deciding to commit to one.

You can do this with us at Compare Insurance. For more information, don’t hesitate to get in touch.

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Travel Insurance

Why do you need travel insurance?

When going away on a trip, no matter how long or short, purchasing covid travel insurance is always advisable. While visiting a different country is a very exciting experience, a sensible traveller should always be prepared for the worst-case scenario. By taking out travel insurance, you can be confident that you will be financially protected no matter what happens on your leisure or business trip. To learn more about why travel insurance is so important, continue reading.

Combat coronavirus

Having travel insurance during the current coronavirus pandemic is more important than ever. Many countries have travel restrictions in place that limit who can and cannot enter the country. If you have a trip aboard planned, make sure to take out travel insurance as soon as possible, and look for a policy that covers coronavirus. Getting the insurance now means that if your trip is cancelled because of the virus, you may be reimbursed. Plus, if you do catch the virus or any other illness while you are away, your medical bills will be covered.

What else does it cover?

As well as paying for medical expenses, travel insurance can cover you for any other issues that might occur. This includes any lost or stolen baggage, lengthy delays, emergency assistance and personal liability. Most insurance policies have optional extras that you can choose to add on if necessary. For example, if you are going on a sporting vacation, you may need to take out further insurance to cover you if any accidents happen.

How do I apply?

The first step to getting travel insurance is using a comparison website. Fill in the questions in detail, making sure to include any pre-existing conditions you may have, as well as the length of your trip and your age. From there, the website will inform you of the cheapest deal that will protect you while you travel.

To find the best travel insurance deal for you, you need to compare insurance quotes. This is where Compare Insurance can help. We provide insurance quotes online with our simple comparison tool and can help you save money. To get started, use our online comparison tool today.

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Health Insurance

What to look out for when buying health insurance

When it comes to health insurance, you have to draw the line on what you can compromise on. Price is an important factor to consider when you buy health insurance, but cheap can be expensive in the long run. Remember, health insurance is supposed to protect you from worrying about your finances when a health emergency arises. We have compiled a list of some of the things to look out for when buying health insurance.

Waiting Period

Waiting periods deter you from making a claim shortly after signing on to a health plan. They also prevent you from claiming on pre-existent diseases, so check the company’s policy on that before signing. Maternity and dental treatments are some of the benefits that have waiting periods, but it varies from one company to another, so reach out to experts for more advice on this.

Hospital network

If you travel a lot or have family members living in different parts of the country, you should be very keen on this. Just because an insurance plan covers the UAE, it does not mean that you can access all hospitals in the country. Ensure that the hospitals nearest to you are in the company’s medical network to avoid any inconveniences. If you travel for work or have family members in other towns, check on the same.

Deductibles

Also known as co-payment, deductibles are fixed rates that you, the policyholder, have to pay when undergoing treatment. There are various types of deductibles: fixed amount per visit and annual deductibles. Fixed amount per visit is applied in outpatient treatments only, and you are required to pay 20 to 75 AED depending on the insurance company. Annual deductibles are not common in the UAE, but make sure to ask your insurance provider about it.

Exclusions

Health insurance companies do not cover all treatments in order to protect themselves from high-risk conditions. Review the policy carefully or consult one of our experts for more information on what is excluded and covered under the health insurance plan before buying, especially if you suffer from a chronic disease.

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Health Insurance

How can you get affordable health insurance cover for your small business?

If you’re considering taking out small business health insurance, you might be worried about the potential costs involved. Health insurance premiums are often perceived as expensive, and if you need coverage for yourself, your employees, or your customers, it’s easy to become concerned that you might not be able to afford it.

The reality is, however, that small business health cover can be affordable – as long as you know where to find it.

Why might you need small business coverage?

Depending on the policy you elect to take, small business health insurance can cover a variety of things. It can cover you if you’re a sole trader to provide protection against accidents and health issues while you’re working, it can cover customers who may have an accident while on your premises and it can even cover employees against the same thing. Business health coverage is a broad topic, so it’s important to determine the right level of coverage for you – and what your minimum legal requirements may be.

Where can you find affordable health coverage?

Finding small business health coverage at a price you can easily afford may seem a daunting prospect, but the reality of it is that you can find it quickly when you shop around online. Technological developments mean that you don’t have to make an application with each insurance provider individually anymore.

Instead, you can use a comparison tool to do the hard work for you. All you have to do is make one simple application and the comparison tool will present it to a range of insurance providers. They will look at the coverage you’re applying for before providing a quote – which you will then be able to compare.

You can check the details of the quotes and you can make sure it’s the right one for your budget before you apply. As a business owner, you want to maximise the quality of your investment, and using a comparison tool like Compare Insurance ensures you can choose the best level of cover for your business.

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Health Insurance

Shopping around for health insurance doesn’t have to take a long time

If you’re looking for the best health insurance policy possible, you want to shop around for it. There are so many health insurance providers out there, all willing to offer different levels of coverage for certain quotes. Finding both the cover and the quote that’s best for you demands that you shop around – but do you have time to do it?

The simple answer is yes, when you use a comparison tool to do it for you!

Why should you shop around?

Shopping around is the best policy when it comes to getting a great price on anything – not just insurance. But if you do happen to need health insurance, there’s no better way to find an affordable quote than shopping around. Every insurance company is different, and all of them offer different quotes for a similar level of coverage. If you want to find the right health insurance company for you, you need to be able to get a broad range of quotes to see which can match your requirements.

Shopping around is now quicker than ever

If you wanted to shop around before, you would need to devote quite a few hours to doing it. You’d need the details of every insurance provider that could give you a quote, and you would then need to contact each of them individually to get a quote. Every single insurance provider would require you to make an application, which is what takes so long.

Comparison tools, however, mean that you can now make one simple application and a broad range of health insurance providers can offer you a quote based on that specific application. So you make your single application and within the space of a minute at most you can have a selection of quotes to choose from, to see who is willing to offer the best deal.

You may want the cheapest quote, the most comprehensive cover, or an offer from one of the best health insurance companies possible – whatever your criteria you can find the cover that you need easily and quickly.

Make your application with Compare Insurance and get your quotes in seconds.

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Car Insurance

The number one tip for getting an affordable car insurance quote as a young driver

If you’re a young driver you’ll know that finding affordable car insurance cover is easier said than done. Young drivers are considered a high risk when driving, and as such young driver insurance premiums can be expensive. If you’re looking for the best car insurance price, however, what is your best option for finding the most affordable deal?

Where can you turn for affordable cover?

The secret to getting the most affordable car insurance possible as a young driver is to shop around. You need to find a broad range of insurance companies to get quotes from, to see which of them is willing to give you the cover you need for the least amount. It can be a time-consuming business, however, to get a quote from each of them individually.

This is where a comparison tool comes in fantastically useful. All you need to do is make one simple application, then wait a few moments while the comparison tool does all the work. Quotes will be generated from a wide selection of insurance companies, to allow you to see which of them can offer you the best possible deal on your insurance.

Picking and choosing the best cover for you

It’s easy to get locked into thinking the best cover for you is the cheapest – this isn’t always the case, however. As a young driver, you want to make sure your insurance cover is as comprehensive as possible, as well as being affordable. Fortunately, when you use a comparison tool you can see the details of the cover, as well as the cost.

This allows you to compare more than just the monthly premiums, you will be able to see what each quote actually offers in terms of insurance coverage. With that, you can find yourself the best deal, not just the cheapest deal. Car insurance is essential, and so worth investing in if it means you get slightly better coverage as a result.

If you’ve recently passed your driving test, find the best and most affordable insurance cover available for you by using a specialist comparison tool like Compare Insurance today.

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Car Insurance

Get the right motor trade insurance cover for your business today

Finding good motor trade insurance coverage is essential if you want to protect yourself, your customers, your employees, and your business – but finding the right deal can be time-consuming. If you want the easy way to compare motor trade insurance deals, make use of a comparison tool today to find a broad range of quotes tailored to you.

Who needs motor trade insurance?

Motor trade insurance is essential for anyone whose business involves driving vehicles. Whether it’s your own business vehicles you drive, customers’ vehicles, or even car sales, motor trade insurance coverage is necessary. It covers you for driving a vehicle in a professional capacity, so can involve all manner of cars, vans, and small trucks.

How do you find the right deal for you?

Naturally, you don’t want to spend too much of your hard-earned cash, but commercial vehicle insurance is a necessity if you want to properly protect your business. If you have an accident in a business vehicle or in a customer’s vehicle and you’re not covered, the costs could ultimately cripple your business – so it’s a worthwhile investment to make.

In the midst of running your business, however, you don’t want to invest more time than necessary getting the coverage you need. That’s why you should take advantage of the benefits that technology can offer and use a comparison tool. A comparison tool will take one application from you and turn it into multiple quotes from a broad range of insurers.

All you need to do is apply stating the kind of coverage you need – information such as the number of drivers you’re looking to cover, what kind of vehicles you will be driving in a commercial capacity, and how much mileage you expect to do. With that, you can get a wide selection of quotes and easily compare them to find the right one for your budget.

Get your business covered today

Motor trade insurance is a non-negotiable investment for any business that owns or operates vehicles in a commercial capacity – but that doesn’t mean you have to spend the earth. Find a fantastic deal by using Compare Insurance today.

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Categories
Health Insurance

Why should you invest in the best medical insurance you can?

Health insurance is an essential consideration for obvious reasons – if you’ve experienced a health issue or you have had an accident, the last thing you want to be worried about is your finances. Too many people, however, settle for a base level of cover thinking that it will cover them for everything. It won’t.

If you want the best coverage, you should invest in a comprehensive policy.

What kind of things does your health insurance cover?

Medical insurance is a broad category, and it can cover a wide variety of things. It can cover anything from compensation to medical bills to medical costs. If you invest in a base level of cover, you may not have access to a particularly high payout limit, and the circumstances in which you’ll be paid out at all might be quite limited. Good health insurance coverage is that which provides an appropriate amount of cover for every eventuality.

Of course, it’s impossible to be covered for everything – so how do you find the best health insurance policy? It’s a question of understanding the odds and finding the circumstances you’re most likely to experience, then ensuring you’re covered. For example, if you have a pre-existing health condition that may develop complications, be sure that’s covered. Or as another example, make sure you’re covered for accidental injury if you encounter risk during the course of your work.

Where can you find the most comprehensive deals?

If you want to ensure you’re getting the broadest coverage possible, you should always look online. Health insurance companies can offer the best deals possible to online customers, but how do you find them? The answer is simple – by using a comparison tool. A comparison tool can take your one application and use it to generate quotes from a wide range of insurance providers before presenting them to you in a simple and easy to read format. This allows you to find the best quote.

Ensuring you have the most comprehensive level of coverage that your budget will allow will give you great peace of mind, so use a comparison tool like Compare Insurance to find your ideal quotes today.

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Categories
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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