2014 Predicted As Best Year to Buy Car Insurance in the UK

For car owners who have been putting off purchasing additional car insurance, this year could be the year to buy, and buy cheap. As late as 2013, insurance companies were plagued by fraudulent claims resulting from whiplash injuries. But since then, several investigations have been conducted to uncover fraudsters, making it more difficult to make false claims on car related injuries. This has indirectly resulted in a depression of car insurance premiums, as less money is spent on fraud claims, insurance companies can now afford to lower premiums to as much as 14% compared to 2013 rates. Some pundits ascribe this fall in car insurance premiums to competitive pricing between insurance companies. Unprecedented low premiums are available despite increasing cost in personal injury claims and a bump in reinsurance cost. This unusual dip in premiums should be seen as a small window of opportunity for car owners to buy cheap. Industry experts predict that market forces will soon raise car insurance premiums to more normal levels in a matter of months

Fraudulent whiplash injury claims have been a big problem in the UK, earning the country the title of whiplash capital in 2011. The Association of British Insurers had dubbed the UK as the "whiplash capital of Europe" in 2011 when there had been 141 successful claims of whiplash injury due to car accidents in that year alone. Fraudulent claims support a whole industry of lawyers, ambulance chasers, and management firms making a living off cash for crash accidents all over the UK. Many of these fraudsters would then put on a show of exaggerated injuries for the courts to win injury claims. These fraudulent claims win court awards for victims of car injuries, that are ultimately paid for by car insurance clients.

At one point it was estimated that the courts would receive some 1,200 whiplash claims within a single day. This is a preposterous amount considering that the number of car accident injuries far exceeded those of workplace injuries. The problem with whiplash is that it is the kind of injury that is difficult to diagnose, but easy to fake as the injury's main symptom is pain. This makes whiplash a favorite of fraudsters who drain NHS resources with treatments they do not need except for show in court. The payout towards injury claims are then passed on to the end consumer who pay for insurance premiums. Since the crackdown on false claims, insurance companies can now afford to divert their funds away from supporting and fighting off fraud, which is good news for car insurance buyers.

Things to Consider When Purchasing a Vehicle for the Best Car Insurance Quote

When you are deciding on a new vehicle for your family, you often start with the decision on purchasing one that is new or used. The decision will also require you to consider your family size, the amount of time you will be in the vehicle, and your financial budget. One of the other deciding factors, however, should be how it affects your car insurance quote. There are a few other things to add to your checklist.

Vehicle Weight 

While heavier vehicles are often more expensive to repair and maintain, they are usually cheaper to insure. Lightweight cars tend to be driven more and because they are more fuel-efficient. The more a vehicle is driven, the more likely it is to be involved in an accident. More damage can occur when it is hit as well. This means it will cost your insurance more money.

Hybrid or Standard 

Many discounts are available that will lower your car insurance quote, and one of those is if your vehicle is considered to be "green." The push to protect the Ozone has led to the production of biofuel and hybrid vehicles. These vehicles go longer between tanks, but they also come with tax breaks. Some car insurance companies will offer discounts for purchasing vehicles that are better for the environment.

Safety Features Available 

Vehicles that have safety features installed on the car will help lower the car insurance. This is because the company's auto insurance rates are related to the likelihood of them having to pay out in case of an accident. Vehicles that have automatic seat belts, auto locks, and theft deterrent systems are likely to have lower car insurance quotes offered. Some insurance carriers will even offer lower insurance for those who have remote starts because they are less likely to leave the car running with the keys in the ignition.  

Car Value 

When you are deciding between new and used vehicles, it is important to realize that most new cars will have a greater car insurance quote. However, antiques might also be higher because they have a high value, especially if it has been registered as an antique. Used cars may not have as many safety features, but they can be installed aftermarket. The vehicle you buy should offer your family the comfort you demand. However, it is also important to consider car insurance rates. When you are looking for the best car insurance quotes, you want to qualify for as many discount options as possible. The type of vehicle you select is only one aspect to the quote you will be given. You will also want to consider the number of miles you plan to put on the vehicle annually, and the drivers of the vehicle.

The Best Insurance For Your Car

One of the most important things when buying a car is to look for car insurance quotes. This is something most people are not too excited about because it could take some time to find the best insurance for your vehicle. Yeah, the car is nice and we're thrilled to buy it but there's more money to invest and insurance is something you absolutely can't avoid.

Comparing car insurance policies should be on every car owner's list. Even if you already have a car and you have to renew your car insurance policy, there's no way in just going forward with whatever company you signed up with. There are much better offers out there waiting for you so if you want to save some money, the best thing is to to take your time and compare different offers. It's just like any other item you want to buy but you can save a lot more if you can find the best offer.

There are many options to choose when getting car insurance: liability, collision and comprehensive coverage are only the most well known. Having more than one car is another great reason to be very careful when you're trying to make a new insurance deal. Here are some of the best things you can do when looking for a new car insurance deal.

First of all, you should see which are the requirements for the minimum necessary coverage in that particular state. You could also look for guidance in an insurance agency because they are there to help and will not always be keen to only get your money, some of them could really help.

When contacting a local insurance dealer, you should be ready to provide some basic information like your driver's license number, your vehicle identification number, the model of the car and the year when you purchase it. Every little detail could count when getting a cheaper insurance policy so be ready to give as much detail as you can.

You could get a great deal for having more than one policy with one insurance company so be ready to negotiate terms if you are the owner of two or more cars. There's also another important aspect: do you have a clean driving record? If you had some accidents in the past, it will all add up to the costs of your new car insurance. Taking a defensive driving course is a great plus when it comes to negotiating terms on your car insurance.

If you are a single guy, if you are under 25 or even under 21 years of age you will certainly have to pay more to get the insurance for your vehicle. There is even a type of insurance where you pay for every mile you drive. This is especially applied for young drivers who present a great deal of risk from the insurance companies point of view.

One thing is for sure: companies will charge different rates for the same type of insurance so you'd better search for the best offer there is.