Defaqto urges diligence among online car insurance customers

Tuesday, 06 September 2011 02:02

Car insurance customers who purchase a policy online must look carefully at the level of cover provided for new vehicles, according to a research firm.

Defaqto has revealed that nearly nine out of ten drivers are comfortable buying insurance online, but that places extra onus on them to check the conditions thoroughly.

One aspect of this is ensuring a new vehicle is covered as desired, as this varies across the market.

With some providers, the period within which this provision applies ranges between 12 and 24 months, while the threshold of damage required for a new car to be replaced also differs.

Mike Powell, Defaqto's insight analyst for general insurance, said: "Anyone lucky enough to be buying a new car should consider what cover their or a prospective insurance policy would provide if their car were to be stolen or written off.

"Although most comprehensive car insurance policies will fully replace a new car in these circumstances, the level of cover provided and criteria applied vary between policies. In addition, a small number of policies do not offer any cover for new car replacement at all and a significant minority will not insure new imported vehicles."

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