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Don’t Forget These Expenses When Buying a Car

Are you currently in the market to buy a new car? It can be really exciting to buy a car, especially if your old one is falling apart and started embarrassing you ten years ago. Whatever your reason is for parting with your old one, it’s now time to take a look at the market and see what’s out there that you can buy.

When you head to a car dealership, do you immediately fall in love with a car and feel like you have to have it? I hope you don’t – first of all, that’s how you overpay for a car, and secondly, that’s how you incur a handful of other expenses that you may not have previously thought about. “What kind of expenses?” you might be asking yourself. Let’s take a look at three big ones that you’ll want to consider when you buy your next car.

Gas Mileage

When you’re looking at vehicles, you might just assume that the smaller vehicles have better gas mileage than the larger ones. This is not always the case. I once had a friend that bought a Jeep Liberty and just assumed that it would get great gas mileage because it was much smaller than most SUVs. On a good day, he was lucky to average 16 miles per gallon. Another good example is a Saab. These cars are small, but they are more powerful than you think. It makes them fun to drive, but it also means that their gas mileage is awful. If you don’t pay attention to the MPG specs, you might be paying out more than you bargained for at the pump every week.

Dependability

Some people like to buy brand new cars because they assume they’ll be more dependable, while others like to sit back and wait for a few years to see which models really live up to the hype of dependability. I really like the latter approach, especially if the car is a brand new body style and engine than the previous years. Every new car just seems so great when you buy it, but it can turn on you quite quickly if it wasn’t engineered well. Do your homework and check the Edmonds and Consumer Reports.

Insurance

If you fall in love with a car and buy it without finding out the cost of the insurance, you could be in for a terrible surprise when you take that car home. I have looked at Porsches in the past, and the Boxters are becoming quite affordable, but the insurance is still outrageous! There are many factors that go into insurance costs, but mainly the more safe a vehicle is, the cheaper your car insurance will be. Trucks and Jeeps are cheap, and tiny powerful cars are typically pretty expensive. If you’re shopping around for insurance, check out Motor trade Insurance from Flint & Motor traders Insurance. Once you find the rate that’s best for you, you can confidently drive that car home without any big surprises!

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How to Get Free Life Insurance Quotes

There are several benefits to securing free life insurance quotes. The first and most obvious is that they’re free. The good news is that this does not mean that they are necessarily low quality in terms of the information that they contain, which due to government regulations must at least be accurate with respect to the product that an insurer is selling.

Shopping around is a necessary undertaking for the purchase of any financial product, and free quotes help with securing the best price. However, free quotes are also a good way to learn the differences between insurers and their life insurance products, and to become familiar with some of the technical terms and concepts in the insurance industry. Free quotes are a good way of doing some necessary research.

Free life insurance quotes can be secure via telephone calls or by walking into an insurer’s offices, but these approaches involve exposure to sales people. While this is not always negative, it means that the buyer can be caught up dealing with upselling language or with details that are not relevant. It can also involve being exposed to hard selling where the sales person tries to secure a customer for an account.

The best way to secure free quotes for price optimisation and research is on line. Almost all large insurers have quote wizards and on line ‘apps’ that walk the Web user through the process of entering relevant details to secure a quote for a specific kind of policy. There are also insurer’s Websites and on-line third party Websites that will help the customer determine the best policy type. This is an excellent kind of tool to use, as there are many kind of life insurance product all with different features and suited for different needs.

Free quotes on line may result in some limited marketing emails or require the insurance buyer to register an on line account, but it may well be worth allowing the insurer to store details in order to get the benefit of their quoting system feedback.

Some sales commissions for some kinds of insurance selling can be very large. Often buyers of what are known as life cover policies can be paying a large commission to the sales manager or salesperson. It is good to avoid the involvement of account mangers or salespeople for this reason. However, this does not mean that sound financial advice should be avoided or ignored.

Researching life insurance offerings using on line quoting systems allows the buyer to take their time with the process, learning at their own pace. Moreover, with the internet close at hand it is easy to do further research using search engines and copying and pasting search terms. The World Wide Web is full of Web sites where experts, government regulators, consumer help groups (private and government,) consultants and many other informative contributors provide ample reliable information. Some sites offer very useful comparison tables to make quick comparisons between products.

Using the internet and on line quoting systems is an effective way to learn about the differences between term and permanent life insurance, and to find out what other kinds of insurance may be suitable, without having to worry about commissions or sales pitches. Care should be taken not to commit to any given policy, although it is usually clear (and in most countries due to government regulation has to be) from the process when a purchase is going to go through.  Most importantly, perhaps, there are significant discount based savings involved in using many online insurance buying systems.

 

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Pros and Cons of Making a Car Insurance Claim

Pros and Cons of Making a Car Insurance Claim

I backed out of my parking space ready to finish the day and go home. Feeling exhausted, and not completely paying attention, next thing I know I’ve rear ended another car. What was I going to do? Would insurance cover this? Should I even use insurance?




If you have been involved in an accident that wasn’t your fault, and the driver of the other car is insured, then your car insurance will not be affected.  But if you are at fault, or if the other driver is untraced or uninsured, or if your car is set on fire or stolen, you may need to claim against your insurance.

But it’s common knowledge that if you make a claim against your insurance, you’ll forfeit all or part of your no-claims bonus (unless it’s protected), meaning that your premium for the following year will be higher.  That can mean that it’s tempting not to go through your insurers to pay for any damage caused.  There are pros and cons of doing this, which are set out below.

Pros of claiming under your insurance:

  • However expensive the claims become (particularly if someone is injured, or their car is damaged to an unknown extent), your insurance will pay for it all, except for your excess.
  • If your car is still driveable, your insurance policy will continue to protect you for the rest of the term of your insurance, protecting you from further claims.
  • Your insurer will usually arrange for your car to be taken to a garage if it’s not drivable, and for a garage to inspect and repair it (they would arrange the latter even if you have to take it there).
  • The work done to repair your vehicle is normally guaranteed for several months after the accident.
  • You may have a hire car or courtesy car available under your insurance.
  • You don’t have to deal with the other party to the accident other than to swap details with each other at the time of the accident.
  • If you choose to pay the other driver, they may not be entirely honest about the costs involved and may later come back and declare that they have suffered a personal injury (and your insurers may refuse to pay since they were not informed of the original accident and had they been they might have advised you to dispute liability).

Cons of claiming under your insurance:

  • You will lose all or part of your no-claims bonus unless it is protected (and if it is protected, you will lose a ‘life’ in that you may not be able to make another claim without losing the bonus).
  • A hire car or courtesy car is usually only available ‘for the time it takes to repair the car’.  The garage that your car is sent to by the insurer may not have time to start work on your car for several days or even weeks, during which time you wouldn’t have a replacement car.  If your car is then declared a write-off, it won’t ever be repaired and so you won’t receive a hire car or courtesy car at all.
  • You still have to declare any accidents if searching for cover in subsequent years, even if you still have your no-claims bonus.
  • If you have paid in monthly installments, you will have to pay the balance due for the rest of the year before your claim will be processed (that can come as a shock if you’re only one or two months into your annual policy and have to pay 10 or 11 months’ worth of premiums ahead of schedule).
  • If you are coming to the end of your period of insurance and the claim is not yet settled, you may be unable to apply for insurance elsewhere whilst the claim is outstanding – so you may be stuck with an unfavorable renewal premium from your existing insurers without being able to shop around for a cheaper quote.

Think carefully about the above and weigh up the pros and cons relevant to your circumstances before claiming against your car insurance.

For more on insurance whether for a car or a bike check out these articles.

What factors can affect car insurance quotes?
Buying Your First Time Bike Insurance
Best Real World MPG Cars Which are Better Used

 

Image by everydayplus at FreeDigitalPhotos.net

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What are the benefits of combining insurance cover?

Whether you live in a multi-car household or have a holiday home in addition to your main residence, it’s important to have a sufficient level of insurance for your assets. Although it’s possible to take out cover on multiple cars and properties individually, it’s worth thinking about being insured by a single company.

Choosing a more inclusive policy can be especially useful when it comes to protecting goods that have a high financial worth. Doing so will mean you can be sure you’re always covered, as well as deliver a range of other benefits. Read on to find out what these are.

Save time

Perhaps one of the biggest plus points to consolidating the number of companies you are insured with is that it can save you a substantial amount of time.

Think about it – having more than one insurance provider for your fleet of cars means you have to spend a greater amount of time on the phone whenever you want to renew a policy or you have a question that affects all the vehicles that you own.

Rather than having to contact a string of companies to ask them the same questions, choosing to combine individual car policies into a contract with one firm means you should have only have to make a single phone call or send one email whenever you have got a query.

Save money

Another great benefit to combining policies from a range of insurers into a single product is that it offers the potential for you to save a substantial sum of money. As its name suggests, a multi-car policy enables you to insure more than one vehicle (often up to five) with the opportunity to receive a discount depending on the number of cars that are covered.

If you are considering taking out multiple-car insurance cover, however, you should bear in mind that this does not automatically give you (or other people in your household) the right to drive each vehicle that is in covered under the policy. You can only do this if you’re a named driver, so if you want to be legally covered to get behind the wheels of all the cars in your home, you’ll need to make this clear.

Alternatively, you might want to think about incorporating insurance for your second home into the cover for your main property. If you have built up a claims-free period on either residence, you could negotiate a discount, while you may also want to add family annual travel insurance. Do the latter and you won’t have to shell out on holiday cover each time you go away, something which can be costly if you have more than one break a year.

No matter if you want to ensure your overseas holiday villa has a similar level of protection to your UK home or are keen to get a multi-car policy to protect your collection of luxury vehicles, it’s worth contacting specialist brokers like Certis Insurance. Companies such as these are able to offer tailored insurance solutions so you’re able to get comprehensive policies that are suitable for your specific needs.

What experiences have you had when searching for insurance? Let us know by leaving a comment below!

 

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What factors can affect car insurance quotes?

Regardless of whether you enjoy exploring country roads in a convertible at the weekends or commute to work in a luxury saloon, there is one thing that all drivers need and that’s insurance. You’re probably already aware of this, but if you own a car you’re legally bound to be insured to drive it.

Although it’s perhaps the most unexciting aspect of having a car, this is something you need to have so there’s no use trying to avoid it. In fact, you’ll be in big trouble with the law if you’re caught without it, so it really does pay to have cover. When sourcing it – as with any other kind of insurance – it’s important that you not only get a comprehensive level of protection, but are able to get it a competitive price. Here are just some of the things that can impact on the amount you are quoted.

The type of car you drive

This certainly has a considerable bearing on your insurance costs and you’ll discover that high-performance cars tend to receive more costly quotes than ones with less powerful engine. Prestige vehicles certainly fall into this category, namely as many car insurance companies believe they will be more expensive and time-consuming to put right in the event they need repairing.

Cars with a low level of fuel consumption and/or ones with a smaller engine, on the other hand, tend to be less expensive to run and are usually cheaper to insure too.

Age

Another thing you’ll find has a huge effect on the quotes you get is age. As a general rule, the older you are the cheaper your policy ought to be. Remember that insurance companies decide how much to charge you based on the level of risk you’re perceived to present them. For the most part, older drivers are more experienced and less likely to be in an accident than an 18-year-old who has just passed their test. If you’re in your 40s or 50s, you’re certain to have a lower-priced quote than someone half your age, even if you both drive the same kind of car.

Who’s driving?

Insurance companies look at more than just your age when assessing how much you’re charged though; where you live will also have a major bearing on your quote. Again, this is to do with risk levels, so if you live in a small village with low crime levels you can expect to get a lower quote than if you were in an inner-city suburb.

If you’ve got more than one car and/or live in a household where you’re not the only driver, multicar insurance could allow you to access cheaper cover in comparison to having multiple single-vehicle policies. Not only does a sole policy for all drivers and cars in your house allow you to save money, but it also means you can avoid ringing around for quotes on each individual policy for hours on end.

On the other side of the coin, having penalty points on your licence will increase your premium. While a tendency to drive past the speed limit could come back to bite you in the form of higher insurance.

Although these are some of the most factors that can affect your quotes, you should remember that each driver’s circumstances are different. If you want to be sure of getting cover that’s right for your needs, it’s worth getting in touch with a specialist brokers like Certis Insurance that will take the time to understand your requirements before providing you with a selection of suitable policies.

What experiences of organizing car insurance have you had?

Post by Edel