If you own a vehicle, you know the law requires that you have a basic car cover in the UK, but it is up to you to decide if you want a more comprehensive plan. It is clear that the overall plan will pay more if you have to file a claim.
On the other hand, when you have a comprehensive plan, you will pay more in premiums whether you use the benefits or not. However, if you choose to only cover a third party and you are in an accident where your car is not covered, you may want to get comprehensive coverage!
Many people choose to go with the base cover just because it is cheaper premiums but this is not always the wiser choice for many reasons.
First, if you are a young driver without much experience, the most comprehensive plan, although it will cost more in premiums, may be best suited to you because inexperienced drivers usually have more accidents. Second, if you own the car and finance it with a bank loan, you definitely want to get comprehensive coverage to protect your car and the other driver if the other person is not insured.
Moreover, if you have comprehensive coverage, it is wise to shop for the best rates because they differ depending on who is the broker and what is the accessibility of the various companies that provide the cover. There are ways to reduce your premium costs now by simply adding security features to your vehicle, but you must know a broker familiar with the security services that get the most discounts. You definitely do not want to waste money by adding security features that will not earn you any credits or discounts on your current installments.
You will need to check auto insurance comparison rates from many different companies. The best way to do this in the shortest time possible is to check quotes online. This way you can compare many plans at the same time and find the cheapest rates possible regardless of whether you are looking for basic coverage or a more comprehensive policy. You can save when comparing different company rates. You are never required to take the first price offered to you, which is the beauty of the Internet, as it allows you to conduct extensive research in the shortest possible time.