Archive Monthly Archives: March 2016

Car Insurance on a Budget

car insurance on a budgetIn the UK car insurance is not only mandatory but often very expensive which makes it difficult to find the right type of policy. Many factors go into the price of car insurance, but the truth is that there are ways of getting budget car insurance that will cover most, if not all of your needs.
There are many ways to save money on your car insurance payments, particularly if you have a good driving record.

–    Pay for Minimal Amount of Insurance Required
–    Add Experienced Driver to Application
–    Pay Early
–    Use Correct Job Title

Naturally, paying only for the insurance that is required and forgoing extras will save you money. Plus, adding an experienced driver will help lower your insurance coverage. Paying early is always a good sign, but one of the most interesting is selecting the proper job title. Because insurance rates are based on statistics, holding a job that is typical of those less likely to be in an accident can be quite helpful.

Another popular way is to address the deposit that so many insurance companies charge for their auto insurance policies.

Why Insurance Companies Charge a Deposit?

The deposit is present in case the purchaser of the insurance fails to pay their monthly premium. It is designed as protection, but the cost of 20% of the total amount helps make the insurance less affordable for millions of people.

The deposit is not needed if you pay for the full amount of insurance at once instead of each month. However, it can be difficult to come up with the full payment all at once which is why so many people pay month to month.

Why No Deposit Car Insurance Works for You?

Essentially, this form of insurance does not require a deposit so you can get it for less. Because many people pay for their insurance on a monthly basis, a significant deposit is required by the insurance company. However, for qualified buyers, a no deposit policy can save up to 20% depending on your insurance needs. This means that a policy which may be costing you £700 in total annually may be reduced to £560 because no deposit is required.

Obtaining no deposit insurance starts with your credit rating and previous history of paying for car insurance. If you are in good standing, then you may qualify for this type of insurance. The good news is that many car insurance companies in the UK offer a no deposit policy. You can request free auto quotes from us, and we will find the best rate online.

If you are looking to save money, then car insurance with no deposit upfront is the way to keep more cash in your pocket. This is the perfect policy for those on a budget or anyone who does not way to pay deposit fees for their car insurance. Be sure to check out the insurance companies which offer this type of policy for your vehicle. It can save you a considerable amount of money on your car insurance.

Umbrella Insurance

Umbrella Auto InsuranceThe fact is that people face a lot of risks in life. Insurance is a way to safeguard one through life. Insurance is important especially for those that have a lot of things to protect. Those with a family know that the proper insurance is critical to their financial future and protecting the family. Just about everyone that owns a car or a home purchases insurance to protect those properties. The insurance policy provides a standard amount of insurance that protects the policyholder. However, under some circumstances, a standard policy might not be enough, and umbrella insurance is required to carry the extra burden. Let’s take a closer look.

What Is Umbrella Insurance?

Umbrella insurance is extra insurance that might be required to cover excess liability. In other words, the policyholder is sued, but the insurance policy they hold is not able to cover the entire amount of money in the lawsuit. Umbrella Insurance will provide the additional coverage above and beyond the regular insurance policy. People with a lot of assets to protect, require this type of insurance to prevent any financial loss in the future.

What Does It Cover?

Umbrella insurance can cover a lot of things that are over the limit of a vehicle or home policy. For example, suppose an individual is in an auto accident and causes property damage or bodily harm to another driver. Their auto insurance policy does not cover the entire amount of the lawsuit. The Umbrella Insurance kicks in and covers the extra liability cost. Thus, protecting the policy holder’s assets.


Umbrella Insurance that is added to a home owner’s policy or auto insurance policy will reduce the policy holder’s risk. Those without umbrella insurance are liable for the excess cost of their regular insurance if they are sued. This could also affect all their assets they have now and in the future, along with their future wages. Therefore, the biggest benefit associated with purchasing umbrella insurance is that it is a way to protect all assets and any future earnings or money that is accrued.

Amount of Coverage:

Umbrella Insurance is more affordable than you might think. Of course, purchasing the insurance will raise the cost of your insurance policy, but it just makes good sense to carry the extra liability insurance.The amount of umbrella insurance required depends on your particular circumstances, the number of assets owned, and personal income. Those with a lot of expensive assets and in a higher income bracket, require more umbrella insurance than an individual with only a few assets and in a lower income bracket. Certainly, it is advisable to consult with an insurance agent for more details.

Where To Get Umbrella Insurance?

Most insurance agents agree that umbrella insurance is vital if a major catastrophe occurs. Regular liability insurance connected with the typical vehicle and home owner’s policy only goes so far. However, purchasing the extra umbrella insurance should cover the gap and reduce risk. The insurance is available through any insurance agent that works individually or through an insurance company. You can only save on auto insurance when you how to shop around.

Car Insurance Claim Process

Learn How to Claim for Car InsuranceIn the case of a car accident, a claim should be made to the insurer. It is best to not delay in the submission of a car insurance claim. Procrastination will only increase the time period of finalising the claim. There are certain facts to be aware of, as there are specified processes involved in a claim. There are various insurance companies, but their claim procedures are similar. In order to avoid incorrect submissions one can confirm the needed documentation with the specified company. The following information is a guide that can be of assistance.

The car insurance claim process comprise of the following steps, where one should:

  • Report the accident,
  • Complete a form,
  • Provide an honest account of the exact details,
  • Submit up-to-date particulars of those involved in the accident,
  • Include photographs of the scene of accident and car’s condition,
  • Refer to the original documentation of current policy,
  • Retain duplicates of all documentation,
  • Be cooperative in the finalising period.

The list may seem daunting in particular areas. Do not despair, as insurance companies are there to assist in every step that needs to be taken. The accident should firstly be reported to the police department and then to the insurance company. The details should be specific and clear in every report that is given. The form can be completed personally (in writing or online) or telephonically, as assistance is a call away.

Giving an honest account of the exact events is of vital importance. Do not withhold any information, no matter how insignificant it may seem. In being truthful the claim process will be resolved much faster. All the documentation that is needed in the process should have duplicates that are kept safe. This is in the case of any misfiling or documents getting lost, which can cause the process to take longer. A duplicate can also assist in the event of referring to any of the information – as questions arise – in the time that it takes for the claim to be finalised.

Not everyone that has just had an accident thinks of taking photographs of the scene. Do not let this be a cause of worry. Photographs are an additional help, but not needed in submitting a claim. Photographs of the car’s condition, however, can be captured afterwards. This will assist the company to evaluate the damage. A professional will then be asked to assess the damages suffered by the car.

Does Car Insurance Premium Increase after a Claim?

After making a claim on car insurance there is the probability of an increased fee for the subsequent car premiums. The decision to increase the premium’s rate depends on the particulars discovered in processing the event of the accident. These particulars include the result of who is found liable for the accident, the specific premium plan chosen, and also any previous claims made. This information will be added to the car owner’s history, which will impact future rates.

Read and make sure to understand the insurance policy. This will help in the prevention of any fallacies and frustrations in the event of an accident claim. The result being that the claim can be processed faster.