After the cost of your vehicle itself, the second-most expensive element to owning a car is the insurance. These policies can range from the hundreds of dollars up to the thousands depending on what kind of vehicle you own, and what kind of cover you’re looking for. Ultimately, all drivers are looking for a balance between cost and utility in their insurance – and this article is all about how you can nail that sweet spot, saving yourself cash while protecting your investment in your car, too.
The first consideration when you’re insuring a car is in determining how much you car is worth to you. If you own a vintage car that you’ve always dreamed of driving around your town, then you’re likely going to want to insure it with a great policy. If you simply want to insure an older vehicle that you’ll use for your weekly errands and your commute, then you probably don’t mind if the car gets damaged from time to time. Work out how much your car is worth to you, and you’ll know which policy is a good fit.
You also have to declare a number of things when you first get an insurance policy. For instance, you need to show your record of driving – and that includes all penalties and convictions, as well as any bans or crashes you’ve had in the course of your history behind the wheel. This record will impact on what kind of insurance policy an insurer will give to you – and often, the worse the record, the more difficult it is to find cheap insurance. Keep a clean record – but, most importantly of all, never lie when applying for insurance. It’ll invalidate whatever policy you do take out, leaving you unprotected in the event of a collision.
Some items on your driving record happen while your insurance policy is still live. Other changes – like to the named driver or owner of a vehicle, or to the vehicle itself – might also happen while you’re in the middle of an insurance policy’s one-year length. Happily, you can make updates to your insurance policy in order to remain on the right side of the law and the correct side of you policy’s small-print. See these tips on how you can update motor trade insurance while the policy is active.
The most important tip for finding the policy that’s right for you is to shop around and compare different policies online. There are many hundreds of car insurance provider dotted across the US, and all you need to do is find the most competitive package to insure your car with. This is made considerably easier by price comparison websites, which help you to compare different sets of policies without having to click between different websites. Do make sure you understand all the small print before signing off on a cheap policy that you find online.
These four tips will help you find and maintain good insurance policies over all of your vehicles.