It this article we give you five important tips before you buy your new car insurance policy. You find information about risk address, excess, and what happens if you not are careful when you buy your insurance and what horrible surprises it will bring.
Here you will find some elements that can invalid your car insurance policy. Remember most important is to not change anything to the car itself or make any address changes without update your car insurance company. If you fail on any of these elements below, the car insurance company may invalidate your car insurance policy.
It is your car insurance company that make the the judgement how much it will cost to repair your car compared to writing off your car. The insurer's decision is often based on the garage recommendation or the engineers on the insurance company.
Have you caused an fault accident? A Fault accident is an accident where it can be proven that it is your fault. At the same time your car insurance company will increase your insurance premium.
If you got a clean driving history and clean driver license combined with a good NCD (No Claims Discount) then you will be paying less money than some who is for example younger and don't have a clean driving history. Of Course the car affects the car insurance cost.
Where you park your car and where you live make a lot of difference and affects the premium of your car insurance. The cost of the insurance will be higher when the area you live in is rougher. The insurance companies call the place you park your car most of the times in a year as the risk address.
The car insurance companies have made analysis and found out that male drivers are a higher risk on the road than female drivers. They have also carried out that car accidents that male drivers are involved in are more serious than those of female drivers. So that's why gender has to do with car insurances.
Age is a factor when it comes to car insurance. All young drivers are considered and classed as both a high risk and inexperienced. So age and experience favours older drivers. If you are at the age of 17 - 20 you will have to pay high insurance premiums.