- 11 Feb 2021
- 4 minutes
On average, there are 155.000 car accidents every year in the UK alone. If you’ve fortunately never been a part of one, even then, it’s still better to stay safe than sorry. You never know when another person’s reckless driving may leave you dealing with the sky-rocketing expense of auto repairs. Thus, knowing the basics of car insurance can go a long way.
There’s a chance that you may never have to file a car insurance claim but “chance” is the keyword here. It’s always best to be prepared for the worst, especially if you often go too hard on the accelerator.
How Does Car Insurance Work?
Car insurance covers your financial liability in case you collide with another vehicle or vice versa. Car insurance policies do not only cover the repair costs of the vehicle but also, at times they include the expenses for treating personal injuries that are caused to the driver as well as the passengers.
Nonetheless, there are certain terms and conditions to claim car insurance that you would have to agree upon while purchasing the policy from your insurer.
Is Auto-Owners Insurance Worth it?
Auto-Owners Insurance is one of the most popular car insurance providers in the UK. Just as their name suggests, their main niche is automobiles, but they have also extended their services far beyond that by covering other insurances.
Compared to most companies, Auto-Owners Insurance has much fewer complaints and according to online reviews, they always strive towards the satisfaction of their customers. Keeping all of that in mind, it’s safe to say that they’re a sound option for car owners.
With that said, if you want to explore other options, then we have also written reviews about iCar Hire Insurance that you may be interested in.
Where to Find a Cheap Car Insurance Quote
Insurance quote is an estimate of the premium that you would have to pay to your insurer to purchase the policy. There are a number of factors that may influence the insurance quote which may include your age as well.
In the past, getting an insurance quote used to be a time-consuming process. However, with modern technology, all of the complex paperwork and calculations can easily be taken care of. If you’re looking for a quick and cheap car insurance quote, then consider looking into Lemonade Insurance. You might be able to combine your car insurance with another insurance.
How to Switch Car Insurance in 3 Steps
In case you do not know, consumers can save on average $560 every year just by switching their auto insurance. So if you’re wondering how to switch car insurance then simply follow these steps:
1) Compare Prices & Reviews
The main idea behind switching car insurance is to save money. Thus, before you proceed, make sure to conduct thorough research, compare pricings of other companies and communicate your needs with the insurers. However, if you’re getting a much better quote from the new insurance providers, do not jump ships too early. Always check the ratings and reviews of the new company to avoid becoming a victim of frauds.
2) Contact Current Insurer
Once you find a better quote, contact your current insurer and let them know of the offer you’ve got. There’s a great chance they might throw a lower counteroffer. If that’s not the case, then ask them about the cancellation process to end your policy. Some companies also charge a cancellation fee and even offer refunds, so it’s worth talking things out.
Keep in mind that regardless of what you do, always cancel your current insurance before moving onto the next one. Otherwise, you may continue to get charged from your insurance company. In the worst-case scenario, failing to make payments may ultimately affect your credit score.
3) Finalize the Switch
Now all that’s left to do is to notify your new insurer that you’re ready to roll. Try to time the switch in such a way that there’s no coverage gap and your new insurance starts right after the old one ends. That’s because even if it’s unlikely, there’s still a slight chance of getting into an accident during the coverage gap.
Why is my Car Insurance so High?
As important as car insurance is, sometimes it can cost far more than what you expect. If you’re asking yourself the question “why is my car insurance so high?”, then one of the most common reasons is age. If you’re under 25, then most insurance providers see younger drivers as a bigger risk.
Apart from that, other aspects like your driving history, your credit score and even the car you drive may be contributing factors to it.
The Bottom Line
Car insurance is one of the most sought-after insurance policies in the world. Considering the high number of accidents every year, it does not come as a surprise. Thus, the sooner you apply for car insurance, the easier it would be for you to cover the losses in case of an accident.