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Useful Car Insurance Guide

If you drive in the United Kingdom then to have temporary car insurance is a must. There are many reasons to have this kind of insurance cover and every driver should be aware of their options. This article will go through a few different types of temporary car insurance to explain why you might need it, and what to be aware of with this type of slightly-more-unusual cover.

car insurance

Courtesy Car Insurance

Courtesy car insurance is a must when you rent a car or van. Whether it is for your own car or van that is being repaired or car rental for a holiday; courtesy car insurance steps in and takes care of you if you have an accident.

Drive Away Insurance

Driveaway insurance is for those that want insurance before they pick up a vehicle. It can be used for a newly purchased vehicle from a car supermarket, a car that has been in storage, or one that has been bought through a private or Internet sale. This type of cover is immediate and works to ensure you are taken care of as soon as you have the vehicle in your possession.

Temporary Additional Driver

Whether you are loaning your vehicle to a family member or friend or you plan to drive a long distance and need someone to help you out whilst driving; temporary additional driver cover is perfect for those moments. This is also sometimes used for young people or students if they don’t yet own a car but want to borrow one temporarily.

Temporary Car or Van Insurance

This type of cover is an excellent choice for those that plan to drive for a short period of time. For instance, if you have your vehicle for sale and plan to move it to different locations or if you plan to drive a friend or family member’s car that they have loaned you. Even short-term driving can cause accidents so ensure that you are in the clear with a temporary car or van insurance.

Everything You Need to Know About Performance Car Insurance

Is there any activity as exciting and invigorating as driving that speedy sports car on the motorway with the top down? The wind rushes over the windbreak and tussles your hair as the tires on your sports car scream along the road. This is the life. But, it is a motoring life that can be costly. High-performance automobiles such as sports cars typically cost much more to insure than a plain, four-door family sedan. There are many reasons an insurance provider charges top premiums for high-performance vehicle cover.

Risk Causes High Premiums

The very top reason insurers charge top money for cover on high-performance automobiles is they possess a record of high accident incidence. Another reason is that most high-performance vehicles have been modified with third-party parts that when necessary can be quite costly to replace or repair. Furthermore, many people purchasing high-performance vehicles usually are risk-takers in and of themselves and, according to readily available statistics, typically file more claims than other driver categories. In fact, more young men die in crashes involving high-performance vehicles than any other age according to a report in the Telegraph – Driving young men sane.

Age Does Matter

This is the very reason insurance companies take into consideration the driver’s age when determining the premium rate for a high-performance vehicle. The driver’s record also plays in the mixed determining rates. So will any engine modifications or any other parts installed that make the vehicle faster. An older driver with a clean record stands a greater chance of obtaining lower rates than even a young male with a clean record could attract.

Which Car Should We Steal?

Thieves target high-performance vehicles for theft because, when stripped, these vehicles produce a storehouse of parts that are extremely profitable when re-sold. Plus, this inherent value also means that they will be more expensive to replace requiring providers to increase policy rates. The actual statistics showing high-performance cars are more likely to be stolen make these types of vehicles doubly expensive. They usually cost much more than most vehicles and because they are such high cover risks, insurance policies hit the wallet making the operating costs for driving such vehicles rather costly as well.

High-Performance Car Specialty Insurance

Since a high-performance vehicle carries increased value, writing the car off sometimes is the better method than paying for replacement costs. Insurance companies always treat high-performance cars believing these vehicles are more likely to be driven by thrill-seekers looking to go faster, longer, louder, and whatever else gets their blood flowing. Unfortunately, often the blood flows due to crashes. Therefore, purchasing a cover to protect against financial loss may direct individuals toward specialty insurance cover.

Why Specialty Insurance?

Specialty insurance companies are in business seeking to attract a specific segment of the automobile insurance-buying public. Therefore, these companies take into consideration the type of vehicle a high-performance car is and how it will be driven. Often, premiums can be discounted through limited mileage cover. The provider agrees to issue cover where the policyholder maintains a certain amount of mileage limited per year. It’s almost similar to HGV insurance – if a vehicle is particularly unusual, premiums will vary massively from one insurer to another because they’ve got limited data on which to base their decisions, which means you, the driver, can get a real bargain if you shop around and compare car insurance carefully.

The reasoning is that if the vehicle is driven less, the chances for an accident occurring are reduced.

Learning About HGV and Large Vehicle Insurance

It is important for businesses transporting large quantities of heavy goods to understand the particulars when it comes to proper insurance coverage. HGV insurance policies are designed to protect companies hauling not only expensive goods but vehicles as well. These large lorries are usually very expensive. The proper cover protects the owner from financial liability as well as employee/drivers operating the vehicle. This allows for financial protection for both since the driver’s well-being is at stake and the owner is exposed to financial responsibility.

What Conditions Involve HGV Cover?

Any heavy goods transporter needs an up-to-date cover and must employ a qualified, licensed HGV driver that adheres to all government regulations and guidelines to obtain this specialty cover. In the UK, a special license is needed for each driver operating an insured HGV. There are strict rules and regulations applicable to operating an HGV with restrictions concerning prohibiting any drug and alcohol usage that are very serious. Driving a large, heavy vehicle needs special training. It is considered far riskier than driving either a van or a smaller automobile. Therefore, obtaining the correct HGV insurance will demand drivers adhere to a list of qualifications. These generally deal with the different types of truck equipment installed (typically different braking systems) meeting a minimum age, having driving experience, and maintaining a clean driving record.

Types of Cover

There are several aspects to obtaining HGV cover that includes covering but the basics such as damage inflicted on other vehicles. Keep in mind that premiums will rise when more cover is needed. Such an expanded cover would include:

Goods and Transit Insurance – covers materials when being transported as well as company assets against any loss, theft, or damage. This applies to deliver either company stock or a customer’s goods. It also applies to the vehicle owner’s property when in transit to make sure these are protected from anything that may damage it in transit. The goods cover typically includes loss from theft of goods or any damage resulting from an accident, A popular feature that may be included is earnings cover when transit delays are caused by an accident as well
Additional covers may include special riders protecting any tools carried by a vehicle driver for in-transit use
Covers may depend on the proper protected overnight parking of an HGV in a secured location.

A good consideration when seeking cover is to examine a need for a new-for-old replacement. Check to see if the cover accounts for depreciation.

Always ask for a breakdown of just what the provider offers to determine what is and is not protected. This will also help to make comparisons of quotes received from several companies that apply to specific needs. The value for the goods transported also determines premiums to be paid when choosing cover levels

Most HGV insurance cover will not extend to dangerous goods transported. This requires special cover for transporting such as chemicals, explosives, or other volatile, potentially threatening materials on roadways in the UK. It’s also important to check the age of the driver – young drivers may not be insured very easily.

Choosing Best Business or Fleet Insurance

The recent economic downturn has forced many business owners to examine expenditures where cost savings may be found. The tough economic times have a decidedly negative impact on businesses small and large. To compete in today’s market as well as simply survive, business managers need to look across the board at expenditures causing a great impact on the bottom line. Even everyday people are spending a lot of time reading up tips on how to cut their car insurance costs.

Insurance Premiums Need Exploration

One area that business managers are taking a serious look at is insurance covers. This is especially true for those organizations operating vehicle fleets such as businesses with a delivery component to operations. Examining current commercial fleet insurance policies is one method toward finding possible savings. This might be an area that considerable savings could be found before drastic measures such as employee layoffs become the only alternative to economize.

Locating Correct Commercial Fleet Insurance May Be a Daunting Chore

When times were exceptionally good, most businesses went about operations day-to-day, month-to-month, and even year-to-year never giving a conscious thought to examining current fleet cover. In fact, insurance was one of those expenditures most businesses just simply automatically continued when the policy renewal date arrived. Many business owners and managers in the UK never understand that options are available when seeking commercial fleet insurance. A little amount of self-education might “steer” commercial fleet insurance buyers in the proper direction.

Insurance Information is a Money-Saving Tool

The goal is premium reduction. Therefore, fleet owners need to realize that several factors are determining how rates are set including:

– Number of vehicles insured
– Age of vehicle drivers
– Contents carried
– Operating locations
– Vehicle safety/security features

…also fleet owners need to decide the level of cover that meets the organization’s specific needs including choosing:

– Fully Comprehensive Cover
– Third-party theft and fire
– Third-party Only Cover

Obtaining just ordinary motor cover choosing one of the above is necessary to put a fleet of vehicles on the road. Basic cover is mandatory. Most commercial fleet policies usually are comprehensive – this means that the policy covers company-owned vehicle damage. This type of cover also protects the fleet owner from any legal liability concerning injury to people or property caused by one of the company’s vehicles.

Do Not Go It Alone

The daunting task of finding the best fleet insurance may put off busy owners. Do not worry. Turn to the services of a broker. This is an insurance professional who has the experience and knowledge needed to guide you to a money-saving deal.

When dealing either with a broker or directly with a provider, make sure to prepare by gathering detailed company information that is completely current and correct. This is important so an adequate cover proposal is prepared.

Details of Newly Qualified Driver Insurance Policy

In the present world, driving is an interesting sport, especially among the young generation. It also refreshes and relaxes the mind. But in the case of the newly qualified drivers, it is considered a great risk factor, as they are younger in their age and more susceptible to accidents. It is for this reason; the premium of newly qualified driver insurance is quite high in comparison to the other drivers.

The premium is high as the newly qualified drivers are also inexperienced. According to the statistics, it has been observed that one in five drivers that have just hopped onto the road suffer from an accident and crash following the passing of the driving test within a span of a year.

If you are a student driver, then you can ask about any availability of student discounts. You, as a student, will have to present proof along with a copy of the report. There are some of the insurance companies which offer these drivers with extended discounts.

Do not always accept the newly qualified driver insurance quotes as provided by the companies. Shop around and compare all the prices to increase your number of options and therefore get the best policy.

The most important point, insurers look upon is the mileage count. So keep an eye on the number of miles you are driving during the course of the year. The more you drive; the more is the cost of your premium. Therefore, drive less and save the cost of your premium.

Do choose a higher excess, which can eventually reduce your premium. But make sure that you can bear the cost when you are claiming to do so. You can acquire vehicle insurances online, which can often offer more discounts.

The insurers take into account and keep a watch on the safety and security issues of your car. You can add on some of the security devices such as immobilizers, tracking devices, and alarms.

They often offer cheaper insurances if they judge that your vehicle is being stolen. To fulfill the basic requirement, make sure you always park your vehicle in a locked garage.

You should also be aware of the insurance cost of a particular vehicle before buying your own car. Do a little bit of homework some research about the car and its safety measures. Don’t get carried away by the looks. This is because great looking cars will always attract a higher premium.

You can add a named driver to your policy such as someone older or more experienced, which will minimize your premium costs. The insurers will feel that the driving responsibilities will therefore be shared while driving.

You can also take the Pass plus test. After completion of the Pass Plus test, the newly qualified drivers could be eligible for up to a 20% discount from their car insurance. The test will also improve your driving skills. This is one of the most common courses which are being undertaken by most of the teenage, young and newly qualified drivers to obtain discounts on their car insurance policies.

When Commercial Auto Insurance is a Must

Generally, getting auto insurance is a straightforward process. There is, however, one small detail that can lead to major problems if it is not considered properly: the difference between personal insurance and commercial insurance. In fact, your vehicle or vehicles must have the right type of insurance; otherwise, they and their drivers risk not being covered by your insurance at all.

What Is Commercial Insurance?

At first, it would seem easy to determine whether a car needs commercial auto insurance or not. This type of insurance policy is necessary for all vehicles that are used for commercial purposes. However, there are times when you walk a fine line between personal and commercial use and it can be difficult for you to determine what kind of insurance is best. There are several factors that you should take into account.

First of all, you should consider all the people that use that vehicle. If it is being driven by people that are employed by you, even for personal purposes, this would constitute a need for a commercial insurance policy. Furthermore, if the car is registered under the name of a company then it would also call for this kind of insurance. However, that is not to say that if the car is registered under the owner’s name automatically excludes it from being a commercial vehicle.

The best way to determine what kind of insurance to get is to consider whether the car gets regular business use. Unfortunately, this is a definition that will likely change from insurance company to insurance company, but it generally means using the vehicle for commercial purposes for business several times a month.

Who Needs Commercial Insurance?

Most people that have issues with this are small business owners that often use their own personal vehicles at their jobs, as well. However, if the car is used to carry equipment, material, transport people or goods, or has winches, cranes, etc. mounted to it, then it is most definitely a commercial vehicle and should be treated as such. One notable exception to this rule is people that transport clients regularly such as lawyers, real estate agents, doctors, etc.

There is no reason to avoid getting a commercial insurance policy. It offers the same basic coverage in case of an accident and will pay for repairs as well as damages to any third party involved in the accident. The extra costs of the premiums are very insignificant compared to the prospect of driving around town in a car with the wrong type of insurance, which makes it basically uninsured.

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