Car insurance for you: Part 2 We've covered the most common factors affecting the price of your premium, but they are not the only factors. The type of car you drive will have a significant impact on cost.
Currently, vehicles fall into 20 insurance groups, with group 1 being the lowest, the least expensive group. This includes low-power small cars like Fiat Cinquecentos, Skoda Fabia and the like. Group 20 includes high-risk, high-performance cars such as the Lancers, Lotus and Mercedes. If you plan to buy a car, it is best to check what group he belongs in advance, so you know what to expect. It only serves to save to buy the ages Impreza you had your eye on, to find you can not pay group 19 insurance.
How will you use your car is another factor to consider. Specialist awards are available for cars that are not used on the road, but only in exhibitions or on a Dragstrip, for example. "Laid to cover is what you need in this case. This covers the car to be transported and shows on a trailer, and in a closed garage or private security entrance.
If you own a race car that you also use on the road (sometimes called Street Legal), you may have to tailor the performance or auto insurance . These policies should cover for damage resulting from both on and off the track, but cost much more than a standard premium because the risks involved.
Owning a 4x4 can hurt your premiums too. traditional insurers tend to be wary of anyone who has non-standard vehicles, and that includes off-road vehicles. Again, there are specialized companies that may be able to find the cheap car insurance for your off-road.
Whichever policy you get, no claims discount can reduce the price of your premium, sometimes up to 75% (with some suppliers). If you have so many years, no claim, be sure to mention when obtaining a quote.
To find the best deal, make a list of everything you want from your insurance policy, and stick to it. Do not just look at traditional suppliers, look for specialists too, if you want to insure a non-standard vehicle. Better yet, use a comparison site that could save you hours of sailing time. Get more than one auto insurance quote , and make sure they are like for like. If a quote is much cheaper than the other, it may miss something important.
Do not rush into buying car insurance, you may end up paying more than necessary.
Posted on April 3, 2010.
