What you need to be looking for when shopping for the right car insurance

Car insurance has officially become costlier in recent years, with the introduction of the Insurance Premium Tax making not helping matters. It has never been more important to thoroughly investigate the market, and to make sure there is nothing you are doing inadvertently that is making the premium higher than it needs to be.

Here are some of the key things to bear in mind in 2016.

Firstly, be aware that premiums are calculated with the assumption that you drive an average number of miles in the year. If your drive to work is a short one, and your friends and family are local, then the chances are your mileage will indeed be lower than average. If this is the case, then make sure you let your insurance company or broker know. It will make a difference, and possibly quite a large one. This makes sense, as the less you drive, the smaller the chance of anything happening to your car that will require insurance being claimed.

Getting a new car is very exciting, but it may not have everything exactly as you’d wish it. Many of us take this opportunity to enhance our car with modifications. This might cause a change in premium however. Modifications that change the look or appearance of your vehicle, such as turbo charging or transmission changes, roll bars and body kit changes, can cause quite big additions to your cover. It isn’t all negative however. Some modifications can decrease risk and therefore actually bring down an insurance premium. Parking sensors are a perfect example of this.

Most of us know that different insurance companies use different excesses in their cover. This can make a true comparison between policies quite difficult. But what you do need to realise is that you can ask any company to alter the excess to suit your own needs. The larger the excess, the better the result for your premium. All you need to do is assess what you think is the likelihood of needing to make a claim, and whether you would be happy to pay a large excess if you needed to.

Finally, give some thought to where you park your car when you are home. As your vehicle spends a lot of time parked up at home, this is a key area that insurance companies pay attention to when devising premiums. If you have a garage, but choose to park your car on the hard standing outside your home, it may be more convenient, but it certainly will not make your premium cheaper. If you have a garage, use it to park your car. Simple!

If you would like to know more about insurance and how you can get the best premium, then contact our friendly staff at P& W Insurance Group on 01252 343 822 or email us at insurance@pwins.net.

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