Car Insurance Application « MotorQuoteDirect

Archive for the ‘Car Insurance Application’ Category

There’s no difference between men and women, Eurocrats make it official!

Thursday, March 3rd, 2011

The latest set of rules to be imposed on the population of the UK by the bureaucrats in Europe, are ones that could radically change the whole motor insurance business for ever. And it won’t only be the motor trade that feels the impact.

Gender can’t be a policy bender

The European Courts have ruled that gender should not be taken into consideration by insurance companies when setting a premium on insurance policies. The law will throw UK insurance firm’s pricing policies into disarray with females looking for young person’s car insurance probably finding they have to pay double what they are paying now.

Risk ignored

It seems as though the European law makers have taken no consideration at all on how an insurance policy premium is worked out. Although underwriters are not the most popular people on the planet one does appreciate they have a job to do and the only way they can accurately set a premium is to look at the risk involved.

If you or I looked at a set of statistics that showed young men had twice as many car accidents as young women and that the accidents involving young men tended to be more serious and more expensive than those of young women, we would certainly view a young man as a more risky insurance bet. If it was your money which one would you want to insure?

Cost to be borne by guess who?

The Association of British Insurers (ABI) are understandably disappointed with the ruling and say that the period between now and December 2012 when the law comes into being, will be spent on insurers altering their computer systems, their advertising campaigns and their policy documentation. They anticipate more employees will be needed in the short term, while the implications of the ruling sink in, and that whole software systems may have to be changed to cater for the new circumstances.

In short they are saying that not only will this ruling put up the cost of insurance for young women, it will put up the cost for all of us, because who else will pay for the extra work the insurance companies have inherited. Well done Brussels, again…

Tags: Eurocrats
Posted in Advice, Car Insurance, Car Insurance Application | No Comments »

Driving us mad

Wednesday, February 9th, 2011

All motorists have their pet dislikes, a fact that was very much proved by the response to an article in a national paper recently whereby the writer asked his readers to let him know exactly what antics by other drivers upset them.

Do some people even organise their car insurance cover on a garage forecourt?

Disappointingly for me, my pet gripe was nowhere near the top of the list but it at least did better than my partners. For myself, the person who takes half an hour to get in their car and rearrange their seat, their seatbelt, their mirror, radio and whatever else can be possibly rearranged before driving away from a petrol station when I am waiting behind them really does drive me to distraction. For my partner anyone driving noticeably slower than the speed limit and especially if they are old, is enough to make her go apoplectic with rage, which I personally believe is a little dangerous to be like when you are now in your 50’s yourself!

Just have a little patience

Anyway the telegraph readers complained; err, wrote in by their hundreds. Drivers who do not signal at roundabouts was a huge favourite amongst the complainers as were lorry drivers who take an age to pass another lorry and consequently caused huge tailbacks behind them. All these complaints represent more than anything else a lack of patience, and I for one accept that, although it doesn’t make me feel any better. Perhaps we should exercise the same restraint we do when getting motor insurance quotes online. It sometimes takes a bit of time to fill out the form but it’s worth it in the long run.

It didn’t stop there though. Drivers who drive without lights infuriated lots of drivers and believe it or not those that had their lights on in the day infuriated equally as many. Those who don’t dip apparently infuriate us all, from which we must presume that the culprits are so bad at driving that they don’t know they are doing it.

Lawbreakers

Of course then we get to the real lawbreakers whose antics are so common place that we don’t include them in our list. However, driving while using a phone, tailgating and speeding all figured prominently at the top of the list. All of course are illegal activities and drivers found guilty of such offences can forget about cheap car insurance for a year or two.

Tags: Car Insurance
Posted in Car Insurance, Car Insurance Application | No Comments »

Are comparison websites to blame for raising insurance premiums?

Monday, September 6th, 2010

The AA has said the typical price of a motor insurance quote has increased dramatically because of the growing number of fraudulent insurance claims. In the last 13 weeks vehicle insurance premiums have gone up by a record 11.5%. A typical comprehensive car insurance premium has risen by an incredible 30.9% over the last 12 months.

According to industry experts, during the past 12 months, for every £100 the insurers take in premiums, they have been paying out £122. Insurance companies are getting much better at identifying fraud and they are also bringing in new technology which will help them fight the fraudulent applications. Anyone who is caught making a fraudulent application will find it very difficult to find an insurer willing to take them in the future, and if they do, the premiums will more than likely reflect their bad history.

Simon Douglas, director at the AA, said “The growth of price comparison sites has encouraged fraud, although most people wouldn’t see it as such. It is much easier to manipulate information on a computer screen to find the cheapest price – for example, by changing the facts about past driving experience, than attempting to do so in a conversation with insurance sales staff.”

But Paul Lawler, spokesman for Moneysupermarket.com, disputed these claims saying “I cannot accept that it is any easier to commit fraud on a price comparison website than anywhere else. After all, what is stopping people from entering in fraudulent information into their own website? Or providing that information over the phone?

Most insurance comparison websites will monitor each and every application made by a user and the details are kept on record. If they then try to reapply with very different information it will be flagged up. Comparison websites do not deny there is a problem with fraud in the insurance market. They claim it is the rising number of false claims that are the real problem and point to the proliferation of personal injury companies as an indication of how many people are claiming for injuries in car accidents

Tags: Car Insurance, car insurance quotes, insurance news, price comparison sites
Posted in Car Insurance, Car Insurance Application, Cheap Car Insurance | No Comments »

Fury Grows As Young Sports Car Drivers Feel The Heat Of The New Insurance Premium Hike!

Wednesday, June 10th, 2009

“Sports car owners under 25’s in an uproar about new insurance changes.”

June 10th 2009
Wimbledon, Greater London, United Kingdom.

Young sports car drivers are to feel the brunt of sweeping changes that were made across the car insurance industry in late May which see’s sports car owners that are under the age of 25 to receive higher premiums for their car insurance policies.

The impact of the changes see’s sports car owners under 25 now facing premiums upwards of £7000 a year, based on recent trends on sports car modifications.

In a claim from Uswitch.com, the speed modifications that were typically sought by the owners of sports vehicles increased the risk probability of claims against insurers. In an extract from the Insurance Times, it found that:

“

Go-fast extras add an average of £2,682
A spoiler hikes the premium by almost £700
A young driver’s car insurance could cost up to 223%of the value of the car
Adding GTI to a Peugeot 206 could push the cost of insurance up by £6,485
17-21 year olds represent just 7% of all drivers but they pay 32% of UK annual car insurance bill
The average car insurance premium for a young driver is £1,730 – more than three times the national average premium of £512
Insurance premiums fall by an average of £4,002 between the ages of 17 and 27
All drivers have seen their car insurance premiums rise by almost 10% in the last 12 months. ”

Insurance times

26th May 2009

In light of these claims, MotorQuoteDirect has reacted to attempt to curtail the new increase in expenses by providing online awareness and savings advice to young drivers with the launch of the MotorQuoteDirect Car insurance blog and offering free quote comparisons on sports car insurance at their website www.motorquotedirect.co.uk.

Source: http://www.insurancetimes.co.uk/story.asp?sectioncode=13&storycode=378568

Reference

MotorQuoteDirect are one of the UK’s leading insurance intermediaries based in Wimbledon. Established in 1965, we have over 40 years experience of providing quality car insurancecover at very competitive prices, covering all risks from young drivers to classic car owners and through our association with a large panel of UK leading insurers. To find out more information on their car insurance services, visit them today at http://www.motorquotedirect.co.uk.

©2009 Motor Quote Direct. All rights reserved. W E Bedford Insurance Services (Wimbledon) Ltd, 267-269 Kingston Road, Wimbledon, London, SW19 3FW is authorised and regulated by the Financial Services Authority. Our FSA Register number is 305737

Tags: Car Insurance, Car Insurance Quote, Comparison, Cost Management, Insurance Cover Types, Insurance Premium, Insurance Quote, Press Release, Sports Car, Under 25, Young Drivers, Youth Drivers
Posted in Car Insurance, Car Insurance Application, Young Drivers Car Insurance | No Comments »

Young Driver Car Insurance Guide

Friday, June 5th, 2009

If you’re a young driver and/or inexperienced, looking for car insurance can be a rather frustrating experience. Some insurers will quote very high premiums; others may not even insure you on a particular vehicle, it can sometimes feel like you’re banging your head against a brick wall.

What can you do?

Motor Quote Direct has put together some helpful tips on how you can lower your insurance premiums if you’re any of the following:

A new driver.
A young driver.
A driver in their early 20’s.

Why are premiums so high for new drivers?

Firstly it’s important to understand why insurance companies are quoting you high premiums.

New or younger drivers are statistically more likely to be involved in an accident.
Around 30% of deaths on UK roads are caused by young drivers in the 17 – 25 age bracket.
Young drivers are likelier to have their cars broken into or to be victims of vandalism.

How can younger drivers get cheaper car insurance?

Your insurance premium is based on your risk. So if you are less likely to be involved in an accident, be the victim of theft or vandalism then you’ll find your insurance premiums will naturally be lower. As a new young driver there’s nothing you can do about being in the risky age bracket nor can you do anything about being less experienced.

The only bits you can focus on to reduce your premiums are things like:

Pass plus scheme. Some insurers offer discounts to young or new drivers that have achieved the pass plus certificate.
The type of car you drive. Cars with large size engine, turbo charged or sports cars, modified cars are all going to make your premiums go through the roof. It’s important to think conservative, 1.1 litre 3 door hatchbacks with no modifications, that’s more like it!
Where you park your car. If you park your car on the street it’s more likely to be broken into than a car parked in a drive or a locked garage.
When you use your car. Think about when you need to use your car, some insurers offer lower premiums to young drivers who agree to use their cars during the day and not between the hours of say 8pm and 5am.
How you drive. Remember to drive carefully and try not to get any points on your license as this will cause your premiums to increase whatever your age.
Getting insured under your own policy – In the long run it’s best to get your car insurance in your own name rather than be added to your parent’s. This means you will start to build up your own no claims bonus and in the future your premiums should be a lot cheaper.

Tags: Budgeting, Car, Car Insurance, Car Insurance Application, Car Insurance Quote, Young Drivers
Posted in Car Insurance, Car Insurance Application, Cheap Car Insurance, Savings, Young Drivers Car Insurance | No Comments »

What happens if my car insurance claim is rejected?

Thursday, May 28th, 2009

Occasionally, insurance companies refuse to pay claims and can sometimes reduce the amount they are going to pay you. Usually, this is because of one or more reasons.

Clauses – You are not covered by a clause in the insurance policy and it would be better dealt with by another insurance policy i.e. home insurance.
In the event of a write-off – Your claim can also be reduced if your car has been written off and the value of the car is much less than what it would cost to restore it.
Supporting Information – If you do not have receipts for aspects of your claim for example theft of a laptop or iPod from your car then you are unable to make a claim.
Theft – Sometimes if an insurance company believes you were at fault for the theft of your vehicle or belongings inside your vehicle then you will not be able to make a claim.
Untruthful Information – If you have given inaccurate or untruthful information in relation to your claim then you are not able to make a claim.

What can you do?

Keep a record of all the conversations and correspondence in relation to your claim. This can really help with the success rate.
You don’t have to accept their offer. You can sometimes negotiate a better deal with your insurer in cases where you believe the sum they are willing to pay out is wrong. This can sometimes work well and you will get what you are owed.

If you are stuck and don’t know how to deal with something and you feel you are being treated unfairly by your insurance company then you can contact the Financial Ombudsman Service who are there to help.

You can either call the FOS on 0845 080 1800 or write to:

The Financial Ombudsman Service
South Quay Plaza
183 Marsh Wall

Or visit the website at: http://www.financial-ombudsman.org.uk/

Tags: Accidents, Car, Car Damage, Car Insurance, Car Insurance Claims, Insurance Cover Types
Posted in Car Insurance, Car Insurance Application, Car Insurance Claims, Car Insurance Cover Types | 1 Comment »

How to make a car insurance claim.

Thursday, May 28th, 2009

If you need to make a claim then this simple guide can help you. Millions of pounds are paid out each year for drivers in accidents or who have had their car damaged or stolen.

Inform your insurance company as soon as possible.
Write down an account of what happened which you can later refer back to when writing up your claim.
If your claim is in relation to a crime such as theft or arson, inform the police as well. Your car insurance company will need to know an incident number if you are reporting a crime as well.
Make sure you ask your insurer what you need to do next so you can provide evidence about your claim. Make sure your story is consistent – you don’t want to risk the insurance company thinking you’re lying.
Keep all your documents relevant to the claim in a safe place and make sure you are available to be contacted by your insurance company.
Keep copies of receipts for damages and any correspondence which affects your claim. When you speak to someone on the phone make sure you get their name and telephone extension for your records.
Don’t take your car in for repairs until you have sorted everything out. Your car insurance company is likely to recommend a garage to you and it is safer for you if you take it there. Don’t make any repairs to your car until your car insurance company has agreed to pay for it.

Tags: Accidents, Car Damage, Car Insurance, Car Insurance Application, Car Insurance Claims, Cost Management, Fully Comp, Fully Comprehensive, Legal
Posted in Car Insurance, Car Insurance Application, Car Insurance Claims | No Comments »

What do I need to apply for car insurance?

Thursday, May 28th, 2009

In order to get an accurate quote for your car insurance please ensure you have the following information:

Car Registration number, plus make and model
Post Code
Number of years of no claims discount
The details of any other drivers who you wish to include on your policy
Estimated annual mileage
Full details of claims or convictions in the last three years

Liability and legal requirements

You are obliged to disclose any detail which may be considered of importance to your insurer. Failure to do so may affect your ability to make a claim.

Therefore, if your circumstances change in any of the following ways you must inform your insurance company in order to ensure you are still covered:

If you move home
If the named drivers on your policy change
If you modify your vehicle
If you change your vehicle
If you exceed your limited mileage

Tags: Car Insurance, Car Insurance Application, Insurance Cover Types, Legal, Quote, Third Party
Posted in Car Insurance, Car Insurance Application | No Comments »

How to get cheap car insurance.

Thursday, May 28th, 2009

Obviously one of the best ways to save money is to shop around to make sure you’re getting the best deal. But the factors below can make a big difference in the premium you pay:

Mileage

Yearly mileage is usually a key factor in deciding the cost of your motor insurance premium. If you travel a lot then you will pay more. Keep your insurer up to date on your annual mileage.

Learner Drivers

Pass Plus is a great way to lower your insurance premiums. Insurers want to see you are a competent driver so passing your test can be added to by taking extra advances lessons. Your premium can be cut by up to 35% if you have an advanced driving certificate.

Alarms and Immobilisers

If you have alarm systems and / or an immobilizer fitted then you are less likely to have your car stolen which reduces your premium. There are some alarms and immobilisers which cut your premium more than others so check with your insurer before you have one installed.

Car Modifications

Modifying your car can add costs to your premiums.

Paying Monthly

If you pay monthly, you will be paying more because you will be using a credit service to pay for your insurance. Some companies charge fees of up to 29% APR for this service so consider paying your premium annually.

Main Drivers

Who you have as the main driver will affect your policy. If you share a car with someone and they have a cleaner driving license then put them as the main driver to save yourself money.

With insurance you get what you pay for, so make sure you’re not paying for ‘benefits’ that you don’t really need:

Courtesy Cars

You will be paying for this privilege (via your premium) so consider whether or not you really need it.

Legal Protection

It is a good idea to be covered in the event that you have an accident which wasn’t your fault and want the chance to claim back any uninsured losses. However, remember legal support is only granted if you have a good enough case.

Roadside assistance and breakdown cover

Do you need this? You may find that you can get cheaper breakdown cover from elsewhere.

Policy Excess

If you are willing to pay a larger excess then your insurance premium will be lower. Voluntary excess is different to compulsory excess to make sure you read the fine print.

Personal Injury / Belongings

Does your cover include personal injury claims and claims on personal belongings? If so, you may need to consider the costs.

Legal Advice

Does your insurance offer legal advice and medical counselling telephone lines? This may also cost a little more.

No Claims Bonuses

You will need to find out if your no claims bonus will be affected if the accident wasn’t your fault. You can also look into whether you can transfer a no claims bonus which was built up while driving on somebody else’s insurance.

You may also want to look into the no claims bonus scheme and how many claims you are allowed before your no claims bonus is affected.

Tags: Budgeting, Car, Car Insurance, Car Insurance Application, Car Insurance Claims, Cheap, Cheap Car Insurance, Comparison, Cost Management, Quote
Posted in Car Insurance, Car Insurance Application, Cheap Car Insurance, Savings | No Comments »

Archive for the ‘Car Insurance Application’ Category

There’s no difference between men and women, Eurocrats make it official!

Gender can’t be a policy bender

Risk ignored

Cost to be borne by guess who?

Driving us mad

Do some people even organise their car insurance cover on a garage forecourt?

Just have a little patience

Lawbreakers

Are comparison websites to blame for raising insurance premiums?

Fury Grows As Young Sports Car Drivers Feel The Heat Of The New Insurance Premium Hike!

“Sports car owners under 25’s in an uproar about new insurance changes.”

Young Driver Car Insurance Guide

What happens if my car insurance claim is rejected?

How to make a car insurance claim.

What do I need to apply for car insurance?

How to get cheap car insurance.

Recent Posts

Categories

Archives