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Cheap Car Insurance for Young Drivers
When you need to go away or use a friend’s vehicle for a while, it is a legal requirement that you are covered. If you can’t afford insurance that lasts for 365 days, think about taking out 28 day vehicle cover because this is a much cheaper option.
Annual car insurance is great – you just have to pay it or set up a direct debit and you can forget about your policy for another year. However, there are drawbacks to long-term commitments like this. If you’re going on holiday and want to share the driving with someone else, it would hardly be cost-effective to put them on your insurance policy for the next year. However, allowing someone else to drive your car is not only risky but also illegal. If they damage your vehicle or another car in any way, the cost will not be covered by insurance and you will have to pay out of pocket.
It is situations like these where 1 month car insurance can be useful. It does pretty much what it says and covers your car for 28 days after you set up the insurance. If you’re picking up a new vehicle from a showroom or have to drive a friend’s vehicle, this kind of insurance is just what you need. With 1 month car insurance, all you need to do is call up the insurance provider, pay for the policy then you can print out the paper work and go. It begins as soon as you contact he insurance company so you can start driving as soon as you wish.
The vehicle cover market is full of companies which are constantly altering their policies to suit the demand from the UK public Anyone with a vehicle has to have vehicle cover by law but new types of insurance, like 28 day cover, are being created all the time to suit vehicle owner’s needs.
With 28 day vehicle cover, motorists are able to pick what level of insurance they want. You also have the freedom to choose how long the policy lasts for – many companies offer cover for one month but with short term car insurance it is possible to find policies ranging from one day’s cover up to six months.
...Cheap Car Insurance for Young Drivers
16.07.10
The cost of car insurance has soared by almost a third in the past year. The average yearly premium for comprehensive cover is now £599, according to the latest Confused.com/EMB Car Insurance Price Index.
The biggest rise came in the last quarter, with the average cost of comprehensive cover climbing 14.2 per cent between April and June – far higher than rises of 4.3 per cent and 6.3 per cent in the two previous quarters.
Parents aged between 41 and 55 faced the heaviest increases in the cost of comprehensive cover, reflecting a generation of people putting their children on their policies. Women suffered most from this, with those aged 41 to 55 having to pay 14 per cent extra for having named a driver other than their husband.
Why are premiums climbing so quickly? There are a number of issues forcing prices to sky-rocket, according to those within the insurance industry. The first that premiums have been kept artificially low in recent years by fierce competition in the market; motor insurers have effectively bought in masses of new business by slashing their profits to the bone.
Source: Independent
There are cheap car insurance quotes online, which are available to the general people for buying. Buying cheap car insurance quotes online can be ...
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