The main UK insurance companies for car insurance:


Car insurance tips:

•    Add a woman to the policy – women are considered to be safe drivers.
•    Add a person who has already being driving for a while to the insurance policy.
•    Add an older person to your policy.
•    Always make your children wear their seat belts.
•    Always wear your seat belts front and rear.
•    Annual payment of premiums works out cheaper.
•    Any changes to your insurance policy – name, address, modifications and where the vehicle is parked – must be reported to the broker immediately; otherwise there is the possibility that a claim may not be paid.
•    Ask your credit card company what is covered when renting a car in terms of insurance.
•    Ask your insurance provider as to what is exactly covered if renting a car.
•    Be honest and don’t get blacklisted.
•    Buying a cheap car may result in lower premiums.
•    Buying a one-year or two-year-old car is a lot more economical as most of the negative equity has occurred already.
•    Check that a courtesy car is included, if your car is in for repairs.
•    Check which insurance group from 1 to 20 your car is in.
•    Choices of cover for your car are:
–    Third Party only.
–    Third Party fire and theft.
–    Comprehensive.
•    Choose a car with less CO2 emissions.
•    Combine car insurance with contents or home insurance to save.
•    Complete a Pass Plus test.
•    Do not eat or drink while driving.
•    Do not have too many young drivers on your insurance policy under the age of 25.
•    Do not modify your car as this may increase the cover required.
•    Don’t claim for rather minor items.
•    Drinking alcohol and driving is not recommended.
•    Engine capacity may affect your premiums.
•    Ensure your car has an insurance industry recommended security device fitted.
•    Fitting special and expensive wheels may increase theft.
•    For expensive cars, fit a tracker device.
•    Fuel consumption may be a lot better if your drive below the legal road limits.
•    Get a quotation for protected bonus scheme as this may save on your premiums.
•    Get different quotes for voluntary excess.
•    Have all car equipment professionally installed.
•    Have less named drivers on your policy, it may save you money.
•    Have you or your partner named on the policy only.
•    High performance cars have higher premiums and an increased chance of theft.
•    If you are using the car for business use, make certain that it is covered.
•    If you do not need legal expenses cover or replacement car cover – don’t take it up.
•    If you drive another car tell the broker.
•    If you have a low value car, it may be reasonable to insure it for third-party insurance only.
•    If you have more than one car ask, the broker to give you the same no claims discount.
•    Insurance companies tend to charge much more, if modifications have been made.
•    It is better to have a driving license at an early age and may lower your premiums if you have enough years of driving experience.
•    Less powerful cars are easier to insure.
•    Low annual mileage may result in lower premiums and the tell the broker your estimate of annual mileage and say add 15% more as you do not want the mileage to be  exceeded – you may not get paid.
•    Make sure that you are not already covered for driving a hire vehicle as part of your insurance policy.
•    Make sure you have enough driving experience.
•    Middle lanes on the motorway are for overtaking.
•    Modified cars have higher insurance premiums and an increased chance of theft.
•    Naming drivers under 25 on your policy may increase the premium, so try to avoid this.
•    No-claims bonus amount – get it right, and make sure you have proof of it when you go to your next insurance company.
•    Not using the air-conditioning can save money.
•    Obtain a number of quotes and a re-quote if renewing annually.
•    Off-road parking or in lockable garage may save money.
•    Optionally, if you agree to a higher excess the premium may be cheaper.
•    Pay annually.
•    Search the internet for those giving special student discounts for car insurance.
•    See if you can get a low mileage discount.
•    Some clubs, professional bodies have special discounts.
•    Some high performance cars and modified cars may not be able to be insured.
•    Some imported cars may carry higher premiums.
•    Speeding tickets and points on your license may affect your premium.
•    State your no claims years when getting a car insurance policy.
•    Taking a Pass Plus training course can save premium money.
•    Talking on a mobile is a hazard.
•    Tell the broker about all modifications and list them all-out.
•    Tell the broker honestly if your car may be parked on the road in some occasions or all the time.
•    Tell the broker how the car is being used personal, two driver, multidriver or business.
•    Tell the broker that who you are living with.
•    Tell the broker where your car may be parked:
–    on road.
–    off-road.
–    locked garage.
•    Tell the insurance broker about any alarms.
•    Tell the insurance broker of immobilizers.
•    Tell the insurer of any existing medical conditions.
•    Tell your broker of any driving convictions and points.
•    Tell your broker of any outstanding claims.
•    Thatcham 1 or 2 are the preferred car alarm systems.
•    The correct value of your car should be stated and ask the broker how this should be worked out.
•    The status of marriage or living with a partner can influence your policy premiums.
•    There are normally savings on the insurance premium to be made for those have Advanced Driving qualifications.
•    There may be discounts for older drivers.
•    Try the internet comparison sites.
•    Using your mobile phone while driving is dangerous.
•    When going abroad take with you your Green Card, passport, warning triangle, tools, registration documents, insurance certificate, tow rope, high visibility waist coat and first aid kit.
•    When tired have a reasonable break and something to eat/drink.
•    Women may obtain a better premium.
•    Your type of work or job may affect your premium.


Additional Sources –

  1. ^ Wenzel T. (1995). Analysis of national pay-as-you-drive insurance systems and other variable driving charges. Lawrence Berkeley Lab., CA.
  2. ^ “Green Slips”. New South Wales Government, Motor Accidents Authority.
  3. ^ Insurance Bureau of Canada. (1 January 2003).
  4. ^ Informationen zur Kfz Versicherung in Deutschland. (21 September 2012).
  5. ^ Third-party vehicle insurance in Hungary[dead link]
  6. ^ PT. Jasa Raharja | Asuransi Kecelakaan Lalulintas Jalan dan Penumpang Umum.
  7. ^ Road Traffic Act, 1933, Section 61.
  8. ^ Road Traffic Act, 1961. (29 July 1961).
  9. ^ “Am I covered?”. Accident Compensation Corporation. Retrieved 23 December 2011.
  10. ^ “How we’re funded”. Accident Compensation Corporation. Retrieved 23 December 2011.
  11. ^ “Poliţele RCA se scumpesc în 2009 cu 10 până la 30%”. Realitatea (in Romanian). 6 March 2009. Retrieved 11 June 2009.
  12. ^ “Petrol Structure”. Department of Minerals and Energy, South Africa. Retrieved 11 May 2006.
  13. ^ “South African Road Accident Fund Act of 1996”. South African Government. Retrieved 4 December 2009.
  14. ^ Insurance pricing to change soon, warns AA, BBC News 28 February 2011. Retrieved 1 March 2011
  15. ^ DVLA Vehicle Licensing Online.
  16. ^ Stay insured: penalties for vehicles without motor insurance : Directgov – Motoring.
  17. ^ McClenahan, Charles. “Ratemaking” (PDF). Casualty Actuarial Society. Retrieved 11 May 2006.
  18. ^ “What determines the price of my policy?”. Insurance Information Institute. Retrieved 11 May 2006.
  19. ^ a b Cendrowicz, Leo (2 March 2011) E.U. Court to Insurers: Stop Making Men Pay More,
  20. ^ “Auto Insurance for Teens”. 21 April 2009.
  21. ^ “How Points on Your Driver’s Licence Affect Your Auto Insurance Premiums”.
  22. ^ Miller, Roger LeRoy and Stafford, Alan D. (16 January 2009). Economic Education for Consumers. Cengage Learning. p. 475. ISBN 978-0-538-44888-8. Retrieved 6 September 2011.
  23. ^ “Cents Per Mile Now”. Retrieved 11 May 2006.
  24. ^ “Progressive’s “pay-as-you-drive” auto insurance poised for wide rollout”. Retrieved 11 May 2006.
  25. ^ a b “Snapshot, Snapshot Discount: Pay As You Drive (PAYD)”.
  26. ^ “Need Credit or Insurance? Your credit scores helps determine how much you will pay”. Retrieved 9 January 2010.
  27. ^ “Bad Credit worse than bad driving”. Wall Street Journal. 11 February 2009. Retrieved 9 January 2010.
  28. ^ Davis, Harold (21 May 2009) ‘Black Box’ idea travels to cars.
  29. ^ US patent application 20090063201 “SoberTeen driving insurance”. (20 May 2009).
  30. ^ Lerner, Michele (20 September 2011). “Auto repair insurance pledges to pay your breakdown bills”. Fox Business.