What is the cheapest way to get car insurance?

There are a number of different factors that affect the rate of the cost of a car insurance policy, some of which are determined by the nature of the person seeking the quote, the potential policyholder and some factors that are determined by the nature of the insurance policy itself.

An insurance company will look at the entire nature of an individual and their circumstances to determine and assess what they deem to be the level of risk involved in agreeing to insure the individual.

The most important things that an insurance company will look at regarding an individual are their age and occupation, their driving history in terms of both claims and accidents, the type of vehicle they are looking to insure, their annual mileage, the geographical area that they live in and who else is likely to be driving the vehicle either on a regular or occasional basis.

The factors in terms of the insurance policy itself that determine cost are many and varied. The primary level of cost will relate to the amount of liability cover that the insurance policy carries by way of protection for the individual if they are deemed liable for damages against another individual or their property.

This type of liability insurance is normally deemed to underlie any legislation that may exist in the area you live that makes having some level of car insurance a legal requirement.

In addition to whatever legal requirements they may be for some type of car insurance if the car or vehicle is to be used on a public highway, there are many other sections of an insurance policy which either come as standard or as optional extras at an additional cost.

Cheapest Car Insurance

The most common other area of car insurance refers to insurance of the vehicle itself. This is where the car is insured for its market value, and in the event of the car being seriously damaged or a write-off then the insurance company agreed to pay whatever they deem to be its market value at the time of loss.

This can seem quite reassuring to a number of people, but can also be a source of tension as in the event of a claim an insurance company’s valuation of the car will always be much less than individual deems the car to be worth.

The cheapest way to get car insurance is to obtain several different quotations from different insurance companies and compare them on a like-for-like basis.

This sometimes is actually more difficult than it may seem as insurance companies like to add on additional extras at seemingly small additional premiums, but which add up to a significant amount when totalled. It is worth being aware of what these are within any insurance quotation and making sure that all quotations contain the same level of cover, and therefore can be compared on a like-for-like basis.