Insurance can be confusing to the majority of consumers and car insurance is no exception. It is imperative that you understand exactly what the quote you are given for your car insurance entails.
An important aspect of the car insurance quote is what the insurers take into account about your driving record. Different companies will go back a different amount of years, some go only back as far as three years, while others go back more.
The type of car you drive also plays a part in the quote you are given. Cars that are classed with a bigger engine will attract a higher insurance premium than the smaller car, so take this into account when thinking of buying your car. While we all might look good driving around in the latest sports car, when in comes to insuring it, you could find it costs an arm and a leg.
The area in which you live can also make a big difference to how much your car insurance quote is. Usually the insurer will go on your postcode to determine the quote for your car insurance. Certain areas are deemed to have a high crime rate and if you are unfortunate to be classed in one of these post codes then your insurance will reflect this. However if you do live in an area such as this then there are steps you can take such as protecting your car against theft by installing the latest anti theft devices and letting your insurer know.
Other factors which are taken into account include how old you are, whether you are single or married and if you are male or female. Younger people are often quoted higher insurance premiums for their insurance, while female drivers have been deemed as safer drivers and as such often get cheaper car insurance.
Finally you need to know what percentage of the premium you pay for your car insurance actually goes towards the insurance. Some of your premium will be for administration costs and not your actual car cover.
Quotes for car insurance do differ from company to company and the hidden costs in a policy have to be taken into account. Once you have assessed all the information then you can go for the best deal.
Of course there are different types of policies and this should also be taken into account when comparing car insurance quotes. Third party insurance is the cheapest, but also covers you for a lot less than fully comprehensive which is the dearest level of insurance.
So take your time, shop around and make comparisons for the type and level of insurance that you require and don't forget to look at the small print hidden in the car insurance quote before going for the deal.
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