Insurance tips for new car buyers
Tuesday, 23 Aug 2005 17:23
With the launch of the latest batch of car registration plates just over a week away, hundreds of people will be gearing up to buy a new motor.
The new '55' registration will be available from September 1st and many will be looking to become the first to be seen with the new plates.
However, it is important not to let the excitement of buying a car allow the consumer to overlook getting the best deal on their insurance, Norwich and Peterborough Insurance Brokers (NPIB) has warned.
And the insurer is offering a number of tips to ensure consumers get the best deal, such as being specific about the number of miles driven a year.
NPIB reveals that a driver aged over 25 could be quoted £518 for unlimited miles insurance cover, while the same driver's insurance falls to £399 if they only drive 8,000 a year. By calculating the number of miles driven, the driver can save £119.
Other tips include naming drivers, as allowing any driver to use the vehicle can send the premium sky high. By naming the drivers, the premium can be reduced from £399 unnamed, to £220, in the case of a policyholder and their spouse using the car.
It can be expensive for new drivers to insure their car, but taking a Pass Plus exam, to further hone their skills, can potentially result in a saving of around £400.
Steve Kendall, personal lines director at NPIB, said: "It’s not always about reducing the cost, it’s often beneficial to pay that little bit extra in order to save yourself money in the event of a claim.
"For example it’s worth checking the difference in price between comprehensive cover and third party fire and theft. The difference can be small, but you’re covered for more.
"Our tips are designed to help get the lowest price without the loss of cover."