Here is a scenario for you: you find the car of your dreams, it's fast and sleek and shiny and you can just about afford the horrendously expensive price tag. Then something clicks - how on earth will I afford the insurance? It is always best to find out what potential costs will be lurking before forking out for the car, but sometimes where to find the quote is the question.
An auto insurance rate quote can be confusing; there are such a wide range that you may not know what to pick. If you have just bought the car of your dreams then you are best to get fully comprehensive cover which will allow you to pay off any loans, or buy a new car should the worst happen. However, a 'Third party, fire and theft' policy does exactly what it says on the tin and is the cheapest option.
Auto insurance rate quotes also contain added extras; these can be free courtesy cars in case your car breaks down, an attachment of breakdown cover, no claims cover, and many other things. These added extras are often what make the auto insurance rate quote confusing! And then there is the added complication of companies who offer x number of months free, or any number of other incentives to get you to insure with them. You also have to pick your policy excess (the amount you have to pay to make a claim). If you have a high amount of excess then you will have lower monthly payments, but a much worse scenario should you crash.
All these confusing elements in auto insurance rate quotes can make it difficult to know where to turn, particularly if you are insuring the car of your dreams. In this case it can be best to talk to an adviser who knows about these things. This can be an insurance broker, or an adviser of a specific company. But don't forget that whoever you talk to you will get a sales pitch. Any one you speak to (including brokers) will try to convince you that the most expensive insurance is the best, because that's how they make money. But they can still offer worthwhile advice to those who are confused.
If you don't think you can handle the sales pitch then do some online looking. You can use price comparison websites to look at the different deals on offer. There are several very simple ones which will help you muddle through the difficulties, but remember they can't offer you advice - only quotes.
Another place to look, particularly for advice, is a bank. These days' banks will offer a multitude of products including insurance. You can see an adviser through your bank, and while they make try to pitch you something, they tend to be less 'salesy' overall.
An auto insurance rate quote can be confusing; there are such a wide range that you may not know what to pick. If you have just bought the car of your dreams then you are best to get fully comprehensive cover which will allow you to pay off any loans, or buy a new car should the worst happen. However, a 'Third party, fire and theft' policy does exactly what it says on the tin and is the cheapest option.
Auto insurance rate quotes also contain added extras; these can be free courtesy cars in case your car breaks down, an attachment of breakdown cover, no claims cover, and many other things. These added extras are often what make the auto insurance rate quote confusing! And then there is the added complication of companies who offer x number of months free, or any number of other incentives to get you to insure with them. You also have to pick your policy excess (the amount you have to pay to make a claim). If you have a high amount of excess then you will have lower monthly payments, but a much worse scenario should you crash.
All these confusing elements in auto insurance rate quotes can make it difficult to know where to turn, particularly if you are insuring the car of your dreams. In this case it can be best to talk to an adviser who knows about these things. This can be an insurance broker, or an adviser of a specific company. But don't forget that whoever you talk to you will get a sales pitch. Any one you speak to (including brokers) will try to convince you that the most expensive insurance is the best, because that's how they make money. But they can still offer worthwhile advice to those who are confused.
If you don't think you can handle the sales pitch then do some online looking. You can use price comparison websites to look at the different deals on offer. There are several very simple ones which will help you muddle through the difficulties, but remember they can't offer you advice - only quotes.
Another place to look, particularly for advice, is a bank. These days' banks will offer a multitude of products including insurance. You can see an adviser through your bank, and while they make try to pitch you something, they tend to be less 'salesy' overall.
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