There are three main types of cover:
- Third-Party Only (TPO): Covers damage to others but not your own vehicle.
- Third-Party, Fire, and Theft (TPFT): Includes TPO coverage plus protection if your car is stolen or damaged by fire.
- Comprehensive: Covers you, your car, and any third parties involved in an accident, regardless of fault.
Factors Affecting Your Premium:
- Age: Younger drivers typically pay more due to higher risk.
- Driving history: A clean record can reduce costs.
- Car value and type: Expensive cars or those prone to theft attract higher premiums.
- Location: Urban areas usually have higher premiums due to increased risk of accidents or theft.
Optional Extras:
Many policies offer extras like breakdown cover, legal protection, or courtesy cars, but these can increase your premium. Always check if they are necessary for your needs.
How to Save:
- Shop around: Compare quotes to find the best deal.
- Increase your excess: Opting for a higher voluntary excess can lower your premium.
- Consider telematics: “Black box” policies reward safe driving with lower rates.
ismybillfair can help you ensure you’re getting a fair deal on your car insurance. Compare what you’re paying to see if it’s time to switch or renegotiate.
