How To Save Money on Car Insurance
The “must have” insider’s guide to saving money on car insurance in the UK
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RISK ADDRESS
This is one of the essential factors affecting the premiums of car insurance. Where ever the car is parked over night most of the times in a year would be classed as the “Risk Address” (i.e. where the car is parked for more than 50% of the time of the policy duration). The rougher the area, the higher the cost of insurance will be. It could be your home address, work or any other address for that matter. Where you live, and where you park your car (i.e. in a garage, driveway or off street parking) can make a lot of difference. There are more crashes in certain areas, many of them urban, than in the countryside, and so, in general, the quieter your area is, the cheaper your premiums will be. City centres are considered to be dangerous due to the risk of damage to the car, especially if it is parked outside. In general, the insurance underwriters (and their computer programming) immediately increase the quote when they encounter city centre postcodes.
For instance, a Mr Walker worked full time in a warehouse as an operative and worked day shifts but now has decided to change his employment pattern to night shifts and still commute by car. He parks his car in a secured car park with in the warehouse premises. However, he did not think it was important to tell the insurance company of the change to what was technically his risk address. One day someone broke into his car and stole his car stereo system. When he phoned his insurance company and told them of the matter they verified the risk address, INVALIDATED his insurance and cancelled the policy. Mr. Walker had to recover the losses himself. He then realised that a lot worse could have happened...................
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About the Book
This is an essential - must have, insider’s guide on “How to save money on car insurance”.
A former insurance advisor talks about the 14 factors that affect the Premium and how to lower your insurance quote substantially.
Jargon free, yet comprehensive and easy to follow, this guide explains the overall insurance principles/concepts, the insurance company’s rights, your rights as a customer, plus useful advice and suggestions.
Car insurance is calculated based on multiple factors, mostly automatically. This book covers topics of insurance quote gathering process, and provides necessary information about the factors affecting the price- such as Age, Advanced Driving Tests, No Claim Discounts, Gender, Marital Status, Risk Address, License types, Car models, Excess, Additional drivers etc.
Different types of Cover - Comprehensive, Third Party Fire and Theft; and Third Party Only, are also discussed.
The final and crucial chapter covers the most neglected areas in the insurance industry, Accidents, Claims and Compensation. This chapter prepares you for insurance related issues in case of an accident, preparation before and after accident situations, such as court case, procedures for making complaints and what to do in case of a hit and run driver etc.
A succinct FAQ section and an Index allows readers to access required information quickly and easily.
About the Author
Adnan Aziz is an award winning Senior Sales Consultant for the past five years, including Sales Person of the Year 2005. It wasn't untill recently that he decided to move on to future prospects and also write this useful and successful guide. This handy book aims at achieving the best solutions to all those un- answered questions relating to car insurance. Having achieved
such success in this field, Adnan is equipped with a wealth of expertise which he demonstrates throughout this book, to help you get a better deal.