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A Cheap Car Insurance Quote Could Be Very Expensive

A cheap car insurance quote could be the most expensive insurance you have ever had if you don’t read and fully understand the policy terms and conditions.

All insurance policies these days have a seven day ‘cooling off’ period which should be ample time for you to read, understand or question, any wording in the policy that you don’t understand or think needs further clarification either from a lawyer or from the insurance company issueing the policy.

There is no point in asking advice from a mate or from another insurance broker dealing with another company because you are taking the insurance out with one company so you need to clearly and fully understand their terms and conditions.

When taking out a car insurance policy you need to know if you have any excess to pay and if so, how much and what for. Some policies charge a higher premium and include things like windscreen damage while others charge a lesser amount but you either have to pay a set amount per claim or so much of the replacement windscreen cost. It’s all these ‘little’ things that you need to be very clear about because you could be caught short cash wise or put in a claim for some minor damage but end up losing that years no claim bonus which may have been worth several hundred dollars. And that would make any claim a very expensive claim because you pay this price for a couple of years in lost bonus points.

Losing a no claim bonus is a bigger deal than some think it is because over the years this no claim bonus will save you many hundred’s of dollars. If you have been a trouble free driver for the past fifteen years, don’t you think you have earned a special deal on your car insurance? Well, the insurance company thinks you do too, so treat it with a lot of respect. After all, you have earned a cheaper quote on your car insurance but be careful not to make it the most expensive insurance you’ve ever had.

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