Car insurance is something that just has to be paid for, though doesn’t always seem like the most endearing of prospects when bills for it start coming in.
Unfortunately, dependent on your age and other status, car insurance can be very costly and really take quite a bite out of your pay packet. There are also wide discrepancies between policies and some provide far greater cover than others. So, when looking for a new insurance policy for your contract hire or new car; what should you ensure it covers?
If you are unfortunate enough to have to claim and your vehicle is out of action, then a courtesy car is something of a necessity. Make sure that your insurance company provides you with a courtesy car for your requirements. Some policies are far better in this regard than others. So, ensure yours covers you.
Discounts for Advanced Drivers
If you are willing to take an advanced driving course, then you should be liable for a discount. Better drivers lower risk and so this should be reflected in insurance policies. Those who take advanced motoring courses are better prepared for unwanted eventualities than others and so should be offered lower premiums.
As we’ve already mentioned, insurance is costly. Try and take the burden off with an insurance company that allows you to pay on a flexible basis. This may be quarterly or monthly and many companies do so at no extra cost, which may suit many.
Guaranteed no claims bonus schemes
Your no claims bonus is something that can really make a significant difference in the level of insurance you pay and losing it can be a nasty surprise. Insurance companies that offer guaranteed no claims bonus schemes are a great benefit. These schemes provide you with security for your no claims bonus which you have worked hard for and will ensure it’s covered in the event of anything unfortunate happening.
Many insurers now provide roadside assistance as part of their packages at no extra cost. This entitles you to support should your car break down, you aren’t able to find your keys or a raft of other issues. Roadside assistance is included in a wide number of insurance packages either offered directly from insurers or in partnerships with some of the traditional roadside businesses.
Uninsured Loss Recovery
If your car is stolen and so are the valuables inside, you most likely will not be covered. An uninsured loss recovery policy provides someone to argue the case and aids you in recovering the additional expenses you may be at a loss with. It is limited to a number of clauses, but gives you a fighting chance should you lose cash, electrical items or other goods if your car is stolen.
Cormac Reynolds works for First Vehicle Leasing a UK car leasing contract hire company with a wide selection of cars and car leasing insurance.