Motor Insurance Quotes

motor insurance quotes

If you are driving a vehicle for private or for commercial use, you need to have the right motor insurance policy covering you. Not having one would mean exposure to penalties including seizure of the vehicle and in some cases disqualification of the driver from driving in future. The Road Safety Act passed in 2006 prescribes harsh sentences for those drivers who are involved in road mishaps and are found driving without any insurance.

If you have a vehicle that you don’t expect to get on the road, then you have to get the SORN or Statutory Off Road Notification. It won’t cost you anything to get this done but when you have to hit the road again, you would have to get the vehicle re-taxed by the DVLA.

So what are the different motor insurance policies quotes that are available for you:

a) The first one is the third party insurance. This is the cheapest and mandated by law for any driver to have. It offers financial protection to the person or vehicle you happen to hit during an accident while not covering damage to your own vehicle. Since you cannot predict what damage your own vehicle might suffer, it is better to go for a motor insurance quote that offers financial cover for your vehicle as well.

b) The third party, theft and fire insurance is a tad better in the sense it now offers financial protection to third parties as well as covers your vehicle as well for damage caused by fire or the vehicle gets stolen. You can get lower quotes if you can show that your car is always parked in a garage that is secure every night.

c) The comprehensive car insurance is the one that is all encompassing and also the most expensive. It offers you protection against all eventualities and that is irrespective of who is at fault. It can also include extras such as medical and legal cover as well as coverage for even some of the personal stuff in your vehicle.

The motor insurance quotes for each of the above mentioned policies will depend on factors such as:

• The vehicle model you are driving

• Parking location

• Age and previous driving history of the driver

• Place of residence

• Usage of the car and the purpose

• Claims history

• Extra driving qualification

• Absence or presence of car modifications

• Security devices installed

• Excess you are willing to pay

Tips for Saving on your Car Insurance

Car Insurance

Car Insurance

If you’re a regular driver, chances are one of your biggest motoring outgoings is your car insurance. Shopping around for the best value deal can be exhausting, so chances are, once you’ve found a provider that works for you, you’re not going to look at switching for a long time. Although this may seem like the easiest option, by not keeping your finger on the pulse as the market changes, you could end up paying much more than you need to. Here are some handy hints to help you cut down on your insurance costs.

Ask About Discounts

Many providers offer discount if you are insuring more than one vehicle, or if you buy a different type of coverage as well, such as homeowners. A quote you obtain for insuring one vehicle will almost certainly be higher than if you inquired about insuring several drivers and/or vehicles with that company, so think carefully about this before you shop. Generally speaking, multiple drivers must live at the same residence and be related by blood or by marriage. Some insurers also offer discounts if your car has antilock brakes, air bags, automatic seat belts, alarms or antitheft devices, or if you complete a driver education course, as well as potential deals available if you are a member of certain professional, business or alumni associations.

Consider Your Deductible

When choosing your car insurance, you can typically choose a deductible, or the amount of money you would have to pay before insurance picks up the tab in the event of an accident, theft or other type of damage to the vehicle. Depending on the policy, deductibles typically range from £150 to £1000. Generally speaking, the lower the deductible, the higher the annual premium, so a way to cut costs is to check with your insurance company how your premium might be affected if you raised your deductible. In some cases, raising your deductible may make your annual premium considerably more affordable.

Check your Cars Reputation

Something to keep in mind when it comes to choosing a car is its reputation on the road. That’s because insurers track the average insurance claim for every car make and model, and they use the data to help determine their rates. If drivers of a specific vehicle tend to have more accidents, incur more frequent or higher claims, or have their cars stolen more often, insurance companies will charge higher rates for everyone who drives the same type of car. It’s also a good idea to get a quote directly from your car manufacturer – you can check out insurance from BMW here.

Reassess your Coverage Package

Certain types of insurance, like collision coverage, may not be worth paying for in the long run. If your car is worth less than £1,000, the cost of collision coverage could potentially be more than what you’d recover if the car were in a crash. The best thing to do is determine your car’s value, and decide which (if any) elements of your coverage you can live without.

Should I Cash My Pension Early?

My Pension

My Pension

When money is tight and the recession is hard, people throughout the UK are looking for smart ways to keep their heads over water, pay bills and put food on the table. With the cost of living continually increasing and job situations worsening, it can be a scary time.

Because it is such a terrifying time for those that are living with these issues, people often look for quick-fixes such as short term loans or remortgaging. Although there are many harsh downfalls to be financially stretched, before you do anything you may regret make sure that you are properly knowledgeable about your options and what they might mean for you in the future.

What is pension liberation?

One of many options available is pension unlocking, also known as pension liberation or pension release. This option enables you to take the benefits of your pension before you retire. Even though this sounds like a great idea, it doesn’t always work out the way in which you expect it to. Usually, you can only take money from your pension once you have reached 55 or over.

For those that are below the age of 55, unlocking your pension might not be quite so straightforward. Here’s why…

Can I cash my pension?

Although most organisations do not allow you to access your pension funds before the age of 55, some schemes claim to provide you with “cash in my pension facility even before you retire simply by borrowing from your pension fund. However, simple is not exactly the word we would use for it, because many of these schemes try to trick you into paying back more money than you realise, without giving you much warning at all.

How do these schemes work?

The way in which these schemes work is by offering you 50% of your employee occupational pension fund as cash. You will be told that there are no upfront fees or deductions from your pension pot (which isn’t exactly true as you will find out the further you read on). Once you agree to the scheme they will then take full control over your entire pension fund simply by transferring it into a separate corporate bond, but often they won’t inform you of this side of things.

The company that issues the bond will then agree to loan you 50% of the amount transferred to them. Even though the company does not state anywhere or inform you of any fixed-loan repayment schedules, both the loan and the interest will need to be repaid in full before you retire.

These fees for the scheme will be taken out of the remaining funds in your pension pot, but at this point there is nothing you can do to stop them because the scheme has now been handed over full control of your pension.

The scheme will not tell you exactly when the charges being made are, neither will they tell you the precise level of these fees or charges, so your likely to end up with less money than you started with.

What is the investment risk?

If that’s not enough to put you off already, then you might want to think about the risk of pension unlocking. The actual value of you pension depends on the performance of the reserves in it. Which means if there is poor market performance, the value of you pension will be reduced, but the amount you repay back stays the same.

How to get cheap car insurance for ladies

Cheap Car Insurance For Ladies

Cheap Car Insurance For Ladies

Getting your car insurance is sometimes ignored by women. It is very much important to get proper insurance for your car irrespective of your gender. Not getting proper insurance for your car can result in heavy penalties. You will also lose a lot of money any accident happens during this period. It is very simple to get insurance for your car and you should ideally lookout for cheap car insurance for ladies.

Common mistakes to avoid

When it comes to insurance, there are many mistakes that women tend to make which will cost them heavily. The most common mistakes is trying to drive around a car that is not registered in their name. Even though it might be registered in the name of another family member, you should make sure that your name has been included in the insurance policy of that car. If you are found violating this rule, you will have to pay large amounts as penalty. It can leave a permanent negative mark on your driving record and there are chances that your future insurance premiums will be increased to to this reason. You should avoid this mistake at any cost and lookout for cheap car insurance for ladies. You can find many attractive plans on the Internet.

How to get the best insurance policy

You should thoroughly research the Internet for cheap car insurance for ladies. This is the best way to find out the leading insurance companies in your region. There is huge competition among insurance companies and they come up with many attractive schemes. You should go through the features of all the leading insurance companies and choose the best one as per your requirement.

Getting cheap car insurance for ladies depends on many factors. Your previous driving record will be the main benchmark when it comes to finding cheap insurance for your car. Apart from that, the condition of your car and the safety equipment installed in your car will also play an important role. Your vehicle will have to pass the safety inspection to prove that it is in safe working condition. The age of the policyholder will also be considered while granting insurance.

It is easy to get cheap car insurance for ladies in many countries. This is because, statistics show that women drivers are found to be more safe than men. The number of insurance claims by women are far less when compared to that of men. For this reason, insurance companies are likely to offer lesser premium rates for woman. However, it is important to maintain a good track record and also make improvements whenever possible. Normally, woman or not known to be rash drivers and this is the reason behind lesser number of accidents involving women drivers.You should take advantage of this fact and negotiate for lower insurance rates while speaking to the agents. You should also make it a point to go through the insurance policy in detail before signing the document.


Guidelines to get cheap car insurance in Virginia

Cheap Car Insurance

Cheap Car Insurance

You can follow the simple guidelines mentioned in this article to get cheap car insurance in Virginia. With increasing competition among insurance companies across the country, you will get lots of options to choose from. The best way to get cheap car insurance is to compare the rates and features of all the leading companies in your region and picking up the best option from the lot. If you are careful when choosing the insurance policy for your car, you can save a lot of money

Minimum coverage in Virginia

The minimum insurance coverage varies from state to state. You should understand this fact and carefully before going to buy insurance. Virginia requires you to have $25,000 coverage for bodily injury or death of one person, $50,000 for bodily injury or death of 2 or more persons and $20,000 in case of damage to property. These are just the minimum coverage required in the State and it is always advisable to have an insurance coverage which is more than the specified requirement. The amount of insurance you need to have also depends on what features you want in the insurance policy and the worth of your car.You should keep in mind these basic requirements when you want to shop for cheap car insurance in Virginia.

How to lower your insurance costs

The cost of insurance policy varies from company to company and the same company may offer different rates in different regions. The rates will also vary from person to person depending on his previous driving track record and the condition of the car. In order to get cheap car insurance in Virginia, it is advisable to install all the required safety equipment in your car. This will not only reduce the premium rate, but it will also provide you enhanced safety. You should adopt safe driving practices and install the required safety equipment in your car to reduce the premium rates of insurance. If you have a very good track record for a period of more than 3 years, you are likely to qualify for some discounts in premium rates. If your car is more than 5 years old, you can choose to drop some features from the insurance policy which are not required for your car. A simple example would be to reduce the collision coverage and comprehensive insurance.Following these simple guidelines will help you to get cheap car insurance in Virginia.

Many insurance companies are not charge any membership renewal fees. Some companies charge a fee once in a year to renew the policy. You should carefully looking to these factors when choosing your insurance company. It is also advisable not to switch from one insurance company to another until the term is over. Many insurance companies charge a hefty fee when you break the policy’s term. The best way to get cheap car insurance in Virginia is to search for insurance policies online. You should go through the features of the insurance policy in detail before finalising on the best insurance company.