What are the important features of a car insurance policy?

Car insurance policies vary greatly, depending on the different insurance retailers and the type of policy in question. It’s very important to read the terms and conditions associated with each policy before you make a final buying decision. Find out exactly what the policy will cover you for, and what the premium will cost you. By doing this, you can avoid potential financial nightmares! Also take some time out to directly compare a few different car insurance policies.

Here are some of the key features to look out for when you are reviewing car insurance quotes:

  • Courtesy car
    This option is normally only offered with comprehensive cover. The insurance company will provide you with a temporary replacement car, while your own car is being fixed. Generally speaking, this feature is not offered if your car is entirely written off, stolen, or unrecovered.
  • Driving other cars
    Generally speaking, third party cover is limited – it will not cover any damage that you do to the car itself, but will cover any other parties if you are involved in an accident. Always check that the policy includes this cover if you are a named driver on other peoples’ cars.
  • Breakdown cover
    Some insurers will include this service free of charge as part of a policy, while others may charge you for the option. Always remember that the best company for your insurance may not necessarily be the cheapest for breakdown cover, so research your options carefully before purchasing a plan.
  • No claims bonus/discount
    This is the discount that insurers will apply to your car insurance premium if you haven’t made a claim in previous years. The more years that you go without a claim, the bigger the discount, sometimes this can be up to 60 or 70% of your premium. Remember, this applies to all claims, even if an accident wasn’t your fault you are likely to still lose your no claims discount.
  • Voluntary Excess
    The majority of car insurance companies now offer you the option to pay a sum towards the cost of any claim. This payment is called the ‘excess’. By offering to pay more towards the cost of fixing your car (if required), you can reduce your insurer’s risk which results in cheap car insurance.

Certainly, these are some of the key features to look out for in any car insurance policy, however, don’t forget to compare other options such as; injury cover (this is different to ‘Emergency Treatment’ cover, included as standard in policies under the Road Traffic Act), personal belongings cover, discounts for a second car, and the inclusion of additional named drivers on your car.

It’s very important to shop around and get a few quotes before you purchase your car insurance. Use websites such as swinton.co.uk, confused.com, gocompare.com and Moneysupermarket.com to directly compare policies, and find out exactly what they will cover you for. Use the information that you gain to select the best possible car insurance policy to suit your individual driving requirements.

You can Swinton Insurance on to get a free car insurance quote in seconds! Swinton also offer a discount of up to 25% when you buy a policy from them online, £40 cash back and up to 65% No Claims Discount.

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