Money Saving Car Insurance Tips

Book Value
This is where the company gives you only the nominal value of your car.

Market Value
A superior option is market value which is usually more generous and should enable you to replace your car with an equivalent car in the event of an accident write-off.

Courtesy Car
Also, with some insurance companies, you might not get benefits, such as a courtesy car when your car is being repaired, free recoveries and over night accommodation, should this be necessary. You should always consider these benefits as part of your insurance deal, as their importance really counts once you are involved in an accident and the car is not drivable.

Slightly Higher Prices
So, when, during your search, you find one company's quote slightly higher than the other, depending on your preferences, you may wish to go for it as it could be providing you with more useful and valuable benefits.

Live Computer Systems
It is always advisable to obtain the latest quote from your existing insurance company before shopping around, as some companies work on live computer systems and prices do tend to fluctuate. Some insurance companies are inclined to give a loyalty bonus and this is always worth asking about.

Payment Options
You should also find out about the payment options. Some companies do not accept cards such as Solo, Visa, Master Card, Electron and American Express.

If you only have the cards just mentioned you can always ask the insurance company whether or not they accept payment by debit card which would enable them to deduct the amount straight from your regular bank account. Keep in mind that many insurance companies will add an additional premium for processing a credit card transaction.
Also keep in mind that the quote you get is always for a one off payment.

Pay In Installments
If you wish to pay in installments over a year, it is quite likely that the insurance company will charge you interest on the quote. Therefore. when paying in installments. the overall amount you end up paying will be significantly higher than the original quote.

If you have been driving company cars, commercial vehicles, classic cars, driving cars abroad or even were driving on a motability scheme and have a letter showing your eligibility for No Claim Discount you should ask the insurance company advisor whether they would accept your proof or not.