Car Insurance

Car insurance, also known as motor insurance, is a type of insurance that is used to cover cars and other motor vehicles such as vans, lorries and motorbikes. You can also get motor insurance for specialist cars, high performance cars and caravans.

Like other insurance products, car insurance insures you against the risk of anything happening to your car. Depending on the type of policy you have you can be insured against the cost of repairs to your car if it is damaged in an accident; the cost of replacing the car if it sustains damage and is unfit to drive; or the cost of any liability if you are the cause of an accident. If you own or drive a car in the UK, then you are legally required to have car insurance.

Levels Of Cover

Different car insurance policies provide different levels of cover and it is important to understand what your requirements are before taking out a policy. The three main types of car insurance policy available in the UK are third party only; third party, fire and theft; and fully comprehensive.

A car insurance policy that is third party only covers you for claims made against you by others (known as third parties) for injury or property damage resulting from using your vehicle on public roads. This is the minimum level of cover you can have to meet your legal obligations.

A third party, fire and theft policy increases your level of cover. Not only are you covered for liability arising from injury or damage to others or their property, but you are also covered if your car is stolen or damaged by fire.

Finally, there is a fully comprehensive insurance policy. In addition to covering all the risks covered by third party, fire and theft car insurance policies, a fully comprehensive policy also covers injury and property damage to your car and your passengers. There may be other types of cover included in a comprehensive policy as well, such as coverage for personal belongings.

Car Insurance Premiums

The premiums for comprehensive insurance policies are usually higher than those for third party car insurance policies. For this reason, many people get a third party policy when they first own a car, then move to a comprehensive policy when they can afford to.

All insurance premiums vary according to the age of the driver, the gender (women get better premiums because they are lower risk drivers) and the length of time since making a claim (known as the no claims bonus). The type of car and insurance group also play a part in the equation.

Top 4 Most Ridiculous Car Modifications

When placed on the right vehicle, many car modifications can look super cool and will turn heads wherever you go. If you overdo things however, or if you use the wrong vehicle as your base, then they will simply look ridiculous and attract attention for a host of unwanted reasons.

Here are four of the most ridiculous car modifications of all time:

The spoiler that’s just too big

If it’s subtle, then a spoiler can really enhance the look of your motor and as with all car modifications, if you do it properly and sensibly and place it on just the right car then it can look amazing.

The jury is also divided when it comes to the actual benefit of placing a spoiler onto a vehicle in the first place, but one host it is unlikely to influence is a four cylinder Honda. Not only will the performance be unchanged in these circumstances, your modification looks ridiculous and on this vehicle the only attention you’re likely to attract is from the police.

While driving along and wondering why this car was receiving such incredulous attention, the driver may also have had to watch out for any low bridges on his or her route.

Knowing which car to lift

Lift kits are also popular and once again, if you choose to place them on just the right vehicle, they can look amazing. With a higher chassis and taller wheels you can draw admiring glances and even if you’re not aiming to do this on a road car, you can easily race or just show your pick up or sports vehicle at a major show.

However appealing lift kits can be however, they simply don’t work on every day, A to B vehicles so don’t be tempted to follow the lead shown by this owner!

To lower or not to lower

If you’re not going to lift your vehicle then the other option is to lower it closer to the ground and this is another relatively straightforward option that can return great results when done correctly.

Strangely enough, although lifting a pick up could make it look fabulous, lowering it to the floor has quite the opposite effect which is perfectly illustrated by this example. Once again, the only attention that this vehicle is likely to get is the unwanted kind so before you make those alterations, remember just how important it is to choose the right model as a base.

Accessories you should avoid

A simple accessory can be fun and it can also improve the look of a car but your purchase should be made with great care. The last thing any motorist wants is to be laughed at but by placing a giant pair of rubber testicles at the back of a car you can be certain of ensuring just that.

Quite what the motorist is trying to say is unclear but the only message this conveys is that the car is compensating for the driver’s lack of adequate manhood.

This post was written on behalf of Fincar, click here for any car financing related topics.

Car Cover Got You Down – Here’s How to Really Save Money

Trying to save money and still keep car over can really be a challenge. Third party cover is the cheapest option, but is that always the way you want to go? Not if you want to actually be able to repair your own vehicle in case of an accident. If something is stolen from your vehicle or the entire vehicle is stolen, you will still want to make sure that you can recover from the loss and move forward. If you aren’t thinking about just about every angle of the insurance industry, it’s very easy to miss things. It’s very easy to find yourself without the power to really be able to get things done. Don’t worry if you can’t figure out the time to investigate everything — that’s what we’re here for!

Motorists can find some relief for shy high premiums, but they’re going to have to get smarter and smarter about it.

Here’s a few things that you might want to try.

First, you might want to put someone else on the insurance, regardless of what age they are. This is because insurance companies rate jobs at different risk levels, and it’s really all about risk. So if you have a spouse or a partner that is in a “safe” profession and you’re not, it might be well worth your time to run multiple quotes in order to figure out which configuration would be the best deal. As long as you aren’t lying, it’s going to be just fine.

Another thing that you might want to try is thinking about a camper van. Converting an SUV into a camper van can save you a lot of money with your insurance company, and you will be able to camp freely in the summertime.

Another thing that you might want to try is to go with a classic car. Insurance companies know that people take good care of a classic car, and that means that premiums are lower. However, you will need to make sure that you’re asking each and every insurance company that you contact what they actually consider a classic car. You might just be surprised to find that some consider certain rarer brands a classic after just 5 or 10 years! That’s quite a good bargain if you tend to keep your vehicles for a long time and with things being so high already, who is really in the market for a new car these days?

Some tricks are a little strange. Some UK consumers have found that if they indicate that the car will be parked on the street rather than in a garage or driveway, they pay a lot less in terms of car cover premiums. It all depends on the claims history of the area that you’re getting a quote for. If there’s a history of thefts and damages when cars are parked in driveways or garages, then there’s going to be a lot more expense for that vs. when you indicate that you will park the car on the streets.

The final point that you will want to keep in mind here is that not all of the best deals are going to be on the comparison websites. We’re not saying that these sites don’t serve a valid purpose, but you will want to make sure that you focus on other deals that might come your way. You need to quote compare based on mailouts, online, phone calls — really, anything and everything. Don’t get so caught up in the online game that you skip over the stuff that really matters — saving money, of course!

If you want to make sure that you really do save money on your ongoing premiums, it’s important to think about every time you file a claim or even let the insurer know about an accident. If it’s a minor prang or fender bender situation, you don’t want to call them about it. Pay out of pocket and save yourself the money!

Even if you don’t file a claim, your insurer may raise your premiums anyway — after all, you were in an accident. Be careful and choose carefully what type of information you say to any insurance agent.

This goes double for changes in lifestyle. You may think that you’re just making small talk, but you never know what the insurance agent is actually documenting in your account. You may find that the information you gave just made you a risky customer in the insurer’s eyes. Just be careful.

There’s always a bit of debate about monthly premiums or annual premiums. If you can save up the money, an annual premium is often the best option. It doesn’t include the interest that comes from the finance company. Some insurers don’t even allow you to pay monthly, so you might be missing out on some premium savings.

There’s a lot to think about when it comes to car cover, but at the end of the day it’s pretty important. After all, whether you save money or not on your car insurance, you’re still going to need the coverage!

The Trust Deed System Can Carry You Out of Debt in All Seasons

Is there a perfect season to get out of debt? Some people think about their finances during the first part of the year, shortly after New Year’s Day. The thrill of working on a resolution usually fades away after you realize what’s involved with the rest of it. If you can focus on the road ahead of you consistently, you can get out of debt. But it isn’t the end of the world if you need help.

The trust deed process outlined over at is a great way to get the ball rolling on the right track. Instead of living in fear of your finances and what each day will bring, you can actually get your life back together and continue following your dreams. The more that you can work on tying everything together, the less problems you will have in the long run. It’s just a matter of making sure that you really do look at all of your options and handle them accordingly. Unfortunately, when you’ve lived under the stress of financial burdens for a long time, you often feel like it’s impossible to move forward.

If it helps, you can see the trust deed process is something you do with the help of someone else. Your trustee is there to help you with anything and everything that you might need. You don’t have to feel embarrassed that you’re reaching out for help. It’s better to get assistance and eventually get out of debt than to find that years later, you’re not only handling everything alone, but there’s no real end in sight. You don’t want to find that you’re struggling to handle debts, because that will eventually just wear down your spirit.

Be aware that many people have been in your shoes, stuck at a crossroads. They stayed up late at night, hoping that something would change within their finances. They wondered how to tie everything together. They didn’t always have the answer right at the beginning, and there were times they were afraid. However, they pushed forward even when it was a scary time — and they emerged victorious in the long run.

The secret that you need to know right here, right now, is that it doesn’t have to be a secret at all! You can break out of the chains of debt and frustration and embrace a world beyond your imagination.

The Unsung Benefits of Maxing Out Your Auto Insurance Coverage

Accidents happen. And when you really, really love your car, those accidents can take away the pleasure of driving. The beauty of the open road with your car on it is that you have the ultimate power. You can go where you want and do whatever it is that you want to do. You’re really limited only by your ability to stay seated and your ability to put gas in the tank. Otherwise, the road is yours — as much as you want.

So what does that have to do with car insurance? After all, most people get away with the state minimums, so why should you have to worry about anything else? The truth is that drivers get liability insurance to save money, only to find that they could be out for a lot more money than they might realize. Now is the time to realize that you need to be able to protect your vehicle from loss and damages, and that means raising your insurance coverage.

Yet full coverage can be a lot more expensive than people realize. Even though there’s not a standard definition for full coverage, drivers realize that it includes protection for their car as well. This means that if you are hurt in an accident or your car was damaged by an act of nature, you can get the protection that you need to move on with your life.

Rental car coverage is also something important that you will definitely want to have if you’re going to ensure that you always have transportation. See, a lot of people expect that when their car has been in a bad accident they are going to get their car back the same day or even the next day. Yet it doesn’t often work that way — you’re going to need to give the mechanic’s shop enough time to tend to you. If you don’t, you’re never going to be able to get anything else done.

That’s a hard pill to swallow, especially in light of the facts — you don’t have a car, and you need one. That’s where the rental coverage comes in handy so much. In addition, you can’t forget about towing — you need to be able to have your car towed and brought to a qualified towing service. That’s the only way that you’re really going to be able to get anything else done. Otherwise you’ll have to pay out of pocket for the tow truck. Some mechanic’s shops have gotten smart and offered this service as a perk to their customers, but these are still few and far between.

It’s important to make sure that you’re getting enough coverage in terms of the services that you want. Comprehensive coverage can work for you in a pinch, and collision is nice when you have a car where the repairs to the car are pretty expensive.

As always, you need to be shopping around. The last thing that you want to do is just jump at the first policy that says hello — look around. It really will not hurt you in the slightest to look around and see what’s out there. You also want to make sure that you ask the right questions if you have them. You need to make sure that you’re getting immediate coverage on the whole policy, and not just the state minimums.

Yes, it’s going to cost you more, but think about the costs to your world that would occur if you didn’t have the policy in place. You’ll find that if you crunch the numbers, it’s a lot more expensive to not have the insurance that you need rather than assume that you can skip it and be just fine. The funny thing about accidents is that we really don’t know when they’re going to happen. That’s why it’s so critical to make sure that you have everything in order — start today!

Teen Drivers and Car Insurance Are a Match Made in Heaven – Really!

When your teenagers are learning how to drive, you might have a lot of different emotions running through your head. For starters, you’re going to be pretty worried about your car insurance rates going sky high, but is it really the case? Not always, actually. You see, today’s insurance companies are studying different models of risk management and realizing that one size truly does not fit all. This means that you actually have a lot more leeway to get a good rate than you did in the past. It all depends on your teen.

If you can line up a lot of safety factors on your side, you’ll find that teen drivers and car insurance is truly a match made in heaven. Let’s face it — you’re going to have to get the coverage one way or the other. Without covering your teenagers, they can’t drive. Getting caught without insurance means serious fines, and no one really wants to deal with that. It’s cheaper in the long run to go ahead and get a good policy that covers everything. Liability insurance and teenagers is something that you want to skip over unless the car is really, really old and you can replace it outright. If it’s a newer car then you’ll want to go ahead and get full coverage just to be on the safe side.

There are some discounts that do indeed come with getting a teen driver on your policy. For one if you have multiple cars because of the change, you can expect a discount there. In addition, if your teen is actually a safe driver with good grades, then you’re going to have discounts there. Don’t forget to document safety features, because those can become discount factors as well.

As you can see, nothing is in black and white just yet. You will have some negotiating room with the insurance company because they know that you really do need to get the vehicle insurance. If they don’t work with you, you’ll end up taking your business elsewhere. If you can help it, try to get all of your insurance products under one company — that’s going to save you money as well.

It can be tough to get past the old myth of being unable to afford insurance because you have a teen driver on your policy, but you actually might be surprised at how affordable vehicle insurance can be for your teenager — why not check it out today?

Could Driving Less Be the Key to Saving Money on Car Insurance?

One of the most interesting expenses that we have on our budgets every month would definitely have to be insurance. Specifically car insurance, but we suppose that other types of insurance would be eligible as well. You see, there comes a point where it gets frustrating to pay for insurance.  You’re paying all this money for something that you hope that you’ll never have to use, otherwise your costs go up even more. This is something that we know is frustrating, but the truth is that you are just going to have to suck it up and roll with the punches, you know? We’re not trying to be rude, but the reality is that insurance is here to stay, and you will need to have car insurance in order to make sure that you are legal and safe on the road. The fines for not having insurance are pretty stiff, and with good reason — if you hit someone without insurance, they’re stuck trying to figure out how to repair their lives and their car in spite of your negligence.

Yet today’s question is a little different — what if you’re really not that much of a driver? Should you still have to pay the same rates as someone that drives 10, 15, or even 25 thousand miles a year? Certainly not. What you have to step back and realize is that the insurance industry is based on the principles of risk management. This means that there are a lot of opportunities to actually cut down on your rates by simply cutting down on your risk. So if you’re not that much of a driver, you should definitely speak up.

Calling your insurance company about the matter may or may not be as productive as you would like, however. You see, you will nee dot provide proof that you don’t drive that much. You can opt into a lower policy that saves you money, but you definitely don’t want to try to go behind the company’s back on this. For one, they’re going to take record of what your odometer read at the start of the year. If you drive more than that, you can bet that there are going to be extra fees involved with keeping you on as a customer.

If you really want to make sure that you save money on car insurance, it can be worth your while to simply turn down the amount that you drive. This is much easier to do if you carpool or you live in an area where mass transit options are abundant. If you live in a more scattered region, you might be on the hook still for those higher rates.

Of course, if your insurance company isn’t going to cooperate, you might want to start thinking about switching to another insurance company that is more receptive to hearing you out. You can go online and compare insurance quotes, which is actually the smart way to do it. It sure beats having to drive all over town and waste gas just trying to save money. When you look at it from a different perspective, that approach doesn’t even make sense — why would you spend money just to save money?

Overall, could driving less really be the key to saving money on auto insurance? Definitely. However, you will still need to make sure that you’re doing your homework on the subject and looking into every option possible before making a commitment. You can do it — get out there and get a better insurance rate today!

Critical Illness and Life Insurance Are Far Cheaper Than The Alternatives!

If you’re thinking about critical illness and life insurance right now, you’re definitely not alone. It’s not an easy subject to broach in front of your family, but it’s important to get everyone on the same page. Just because you’re talking about it doesn’t mean that it’s much more likely to happen — you just want to make sure that you’re prepared. It’s very much like auto insurance. No one gets the best auto protection they can just because they’re betting on an accident, but it’s nice to know that you are covered in the event that something major does indeed happen to your vehicle.

That’s when you really want to make sure that you have the right coverage and everything set up. It’s the same in this situation. You might not be looking for a heart attack, stroke, or cancer, but these diseases are running rampant through our society. It’s important to plan in case the worst happens and you do have to make sure that you are tended to, for your family’s sake. The cost of treating the critical illnesses of today has gone up, which is very much a shame. Do you want to have to watch your family struggle to make ends meet? Not at all.

You will just need to ensure that you are thinking ahead of time to get things together.

First, you need to think about the type of coverage that you need. Your premiums are going to be determined by how much you’re looking for. Trying to figure out how much you honestly need to cover in the event of an emergency is going to be key. If you already know what type of bills you have both short term and long term, these calculations are going to be pretty easy.

Getting multiple quotes is also going to be important. Like with most financial products, you don’t want to just go with the first offer.

Does your credit rating really matter? Not as much as your current health. If you’re in good health, then you’re going to get a better premium and policy than someone who has preexisting health problems. It’s just a matter of risk.

For more information on your options, check out — you will definitely be glad that you did!

Top tips for insuring family cars

Whether you’re about to become a parent for the first time or your teenage son or daughter has just passed their test, it’s important to think about how this can impact the car you drive. Admittedly, it might not be on the top of your to-do list – especially if your family has just welcomed the arrival of a baby boy or girl – but it is worth your attention.

The majority of households have at least one car these days, and if you think about it, it’d be difficult to manage things like the weekly supermarket shop and the school run without one. Of course though, not all vehicles are suitable for families – two-seater sports cars, for example – so it’s worth getting something that will transport you, your partner and children around comfortably.

That’s not to say you ought to get rid of a sports car altogether, but it’s worth having something more child-friendly as well.
As is the case with all road vehicles, when it comes to family cars it’s important to have a sufficient level of cover. Here are just some of the things you ought to think about.

Type of car

We’ve already said a two-seater sports car isn’t a great choice of family vehicle, not least of all because they can be expensive to insure, but what makes a good one?

As the type of car you drive is one of the biggest factors that will impact on your insurance costs, this is something you ought to think about carefully. Space is a vital consideration and not only will you want your kids to be able to sit comfortably while you drive, but if you have babies or toddlers you’ll need plenty of room to fit a child seat. Five-door cars are easier to place these seats in compared to their three-door counterparts, which is just one reason why estates are a popular choice for families.

However, if you’ve got a particularly large brood or you often ferry your children’s friends, you may want to get a people carrier. These can fit up to seven passengers, though if every seat is occupied there might not be too much room left for luggage in the boot.

It’s worth seeking out a model that has a high standard of safety features. A vehicle that is highly accredited under the Euro NCAP crash safety ratings can serve as an indication that you’ll be well protected in the event of an accident, which in turn can reduce your insurance costs.

Level of cover

Although you have a number of options when it comes to the level of car insurance you can get, it’s a good idea to seek out fully-comprehensive cover. That way, you and your family will have complete peace of mind that you’ll be completely protected in the event of suffering a mishap.

Should an accident mean that your vehicle is out of action for a while, a thorough level of cover will ensure that your family’s life shouldn’t be disrupted too much. You’ll get a similar courtesy car as it is being fixed, although if it turns out to be beyond repair you will be financially compensated. Having a comprehensive plan means that you will agree with your insurer on a value for your car from the moment you take out policy and if it ends up being written off at a later stage you’ll get this amount in full.

If there’s more than one car in your household, it’s also worth seeking out family fleet insurance. This is designed for those with a range of cars and, as all your insurance costs are consolidated into a single policy, it can be cheaper and easier to manage. Instead of having to pay a number of companies for cover each month, you will only have to deal with one!

Whether you’ve just one vehicle for transporting your entire brood in or have several motors that you, your partner and teenage children drive, what have your experiences of getting insurance for family cars been like?

Digging Deeper Into The Multiple Types of Life Assurance

Life assurance is a great insurance product, but many people really don’t know a lot about it. They assume that life assurance is only for people nearing the end of their lives, but that’s not true at all. There are many young adults looking at all of their options for the future and choosing protection products for their families. The moment that you have more than just you relying on your income is the moment where you honestly need to consider life assurance. It’s not really a product just for the elderly in any way.

There are multiple types of life assurance policies out there, and it’s important to make sure that you really understand them before doing a lot of comparison quotes. It’s a smart idea to figure out what you can honestly afford and what you can’t afford. What isn’t a wise move is thinking that you can’t get anything because everything looks complicated. The world of insurance products in general is designed to protect you and your family through anything and everything that can happen.

Life assurance policies tend to be a bit more expensive than life insurance policies, but the increase in premium is worth it when you look at what you get.

That brings us back to those types that we talked about earlier.

The first type is a whole life policy. This is going to cover you for your entire life — no matter what. This is considered to be permanent life insurance since it sticks with you until the day that you die, as long as you get your premiums paid.

There is also universal life policy, which allows you to choose the way your premium payments are actually paid — you can use some of your stored up cash value in order to pay the premiums, in case life changes and you’re not able to really take care of your premiums the way you are used to.

There is a 3rd type, the variable life policy that gives you control over how to invest the cash values.

Which one is right for you? Honestly, we recommend universal life over many other types, but you will want to talk to an adviser who will know more about your own unique situation.

Don’t forget to read more about the issues behind life assurance today, including more about the three types mentioned in this guide!