Car Insurance – How to Decide on the Right Level of Car Insurance


There remain a lot of factors to take into consideration when purchasing auto insurance even if you're an experienced driver or a newly qualified novice. Deciding on the right level of insurance for your vehicle and financial budget has been made easier in recent years with the advent of motor insurance comparison sites.

As a driver, age is an influential factor when it comes to purchasing cheap motor insurance. Younger drivers are unlikely to find a bargain car insurance premium for their first car, but older more experienced drivers with no-claims discounts are less of a risk to insurers and are more likely to secure an attractive comprehensive auto insurance deal.

As a newly qualified driver, the chances are that your first car is going to be a second, third or even fourth-hand vehicle. Comprehensive auto insurance for such cars is probably unnecessary as the premiums can often cost more than the value of the vehicle itself. Third party fire and theft motor insurance and third party car insurance are more tailored to older vehicles. Both policies protect damage made to third party vehicles in an accident. Meanwhile the former also protects against fire damage and burglary.

Take into account your lifestyle when choosing the right level of auto insurance. If you lead a hectic lifestyle and rack up thousands of miles a year, car insurance providers will view you as a higher risk as there is a greater chance of being involved in an accident.

It is important to be realistic with your expectations. A brand spanking new, top-of-the-range vehicle will almost certainly demand comprehensive cover, and the power of the engine would also mean that it is a greater risk on the motorways and lead to an increased premium.

Ultimately finances will dictate the level of car insurance your purchase, but always be sure when buying a new car that you can afford to insure it adequately.

Source by Lewis A Mitchell