New Car Insurance Quote

A new car insurance quote comes with the territory when you purchase a brand new motor. But searching for a new quote can often add to the hassle you may have just experienced in selling your old automobile. In order to get the best value quote on the market, you need to do some research before you commit to a new policy for you vehicle. It is best to review all your options and identify any discounts you may be entitled to while shopping for car cover quotes.

There are different types of insurance policies available from which to obtain a new car insurance quote. By ensuring that you know the difference between them and which best suits your circumstances, you will be well prepared for your purchase. Each type of car policy has its advantages and disadvantages and you need to weigh them up in order to choose wisely.

Types of Insurance Quote

When you are seeking a new car insurance quote, cost may be a factor in your deliberations. If you need to be on a budget, then you may wish to focus your search on a basic third party policy. This will give you the cheapest type of quote for your car insurance and provide you with the minimum coverage required by law.

However, whilst third party cover gives you a cheap new car insurance quote, it is not comprehensive. It covers you against liability for damage to another vehicle or another person involved in an accident in which you are at fault. However, it does not cover any passengers you have in your car at the time of the accident, and it does not cover repairs to your own car. Therefore, while it may appear to be an excellent bargain, it may leave you with a big repair bill if you drive carelessly enough to become involved in an accident.

You may wish to investigate a slightly more expensive type of policy when searching for a new car insurance quote. Third party fire and theft can provide you with all the cover that comes with basic third party, but with the additional coverage against damage to your car due to fire, or theft of your auto. If your motor has value, it is definitely worth insuring it against theft. However, if your vehicle is quite old and low in value, you may feel that it is unlikely to be stolen and you may therefore be happier with a more basic policy quote.

The third type of insurance which may be worth investigating for your new car insurance quote is fully comprehensive cover. This gives you protection against most unfortunate events and extends the coverage available from third party fire and theft. In addition to the cover given by other, cheaper policies, this type of policy also offers to protect you from further types of damage to your motor and pay for repairs. Sometimes, it even covers contents theft and breakdowns also, but you will need to check the policy carefully to make sure.

Discounted Insurance Quote

Once you have chosen the type of policy you wish to have, you will need to work out what kind of discounts can be applied to get a cheaper new car insurance quote. If you have been driving for a number of years, you are likely to have accrued a no claims bonus. This special discount, awarded for careful driving, can be transferred between vehicles. This means that the bonus you have built up while driving your old motor can be transferred to the policy on your new car.

However, if the reason that you are buying a new vehicle is that you have been in an accident with the old one, your bonus may be devalued. Your no claims bonus is only valid if you have not made a claim on it. Once you have been in an incident where you have been forced to claim on your policy, your no claims discount is lost or reduced. Your new car insurance quote will reflect this once you have given your details on the application form.

If you do have a no claims bonus to transfer, it is a good idea to keep the paperwork which pertains to it in a safe place. Most of the time, an insurance company will accept the details that you give regarding the number of years you have built up your no claims discount. However, more of them are now insisting on seeing evidence that you have indeed accrued that no claims bonus over the number of years that you have stated on your application form. This means that you may have to show your new insurer a copy of your old policy documents in order for your discount to affect your new car insurance quote.

Finding an insurance policy to cover myself and my family became much easier (and a lot faster) when I started using this site to find quotes. Great service!
Jack D, Dudley UK