Driving risk reduces with age, older drivers have fewer accidents than young or new drivers. So premiums are charged according to a sliding scale, when an 18-year-old driver will pay the highest premium and the premium loading reduces over the years.
You are not only covered for the theft of your vehicle but also for the repair of you vehicle. The cost of repairing your vehicle and parts used increase every year so your premium unfortunately has to increase in line with these costs.
Yes. Insurers have found that married or co-habiting policy holders pose a lower risk than single or divorced people do. This is possibly because single people often go out, on the road and leave their residences empty.
It has been proven statistically that female drivers are better and are involved in less motor accidents than men. In addition, the cost of repairs to vehicles crashed by women, is on average, lower than the cost of damage caused by men.
Yes you can, we only need to specify the security measures as well as insurable interest between the two addresses.
Numerous things are taken into account, for example, the make and model of your motor vehicle, where you live, where your vehicle is kept at night, who the driver of the vehicle is, what purpose your vehicle is used for and your previous claims history. Because your premium is calculated on these facts, amongst others, it is very important that you are honest when answering these and any other questions. It is important to be honest in your dealings with your insurer or broker, including when you claim.
Fraud costs the insurance industry millions every year and in turn costs you, the honest consumer, in increased premiums. Remember fraud ranges from things like claiming for a leather jacket you never had in the first place after a burglary, to claiming for a car that was allegedly hijacked when in fact it was actually sold. Fraud can also lead to a criminal record as most insurers prosecute customers who have committed fraud.
An excess is the amount you have to pay in the event of a loss and is the uninsured portion of your loss. The excess serves to prevent customers from submitting minor claims as well as fraudulent claims and assists in keeping the premiums down. When you submit a claim you will have to pay an excess, irrelevant of who was to blame for the accident. It is important to read your policy documentation regarding excesses as there may sometimes be additional excesses depending on the facts of your claim, e.g. who was driving your vehicle at the time of the loss, etc.
This is the discount allowed to drivers who have enjoyed continuous comprehensive cover and have not submitted any claims for a year. An interruption of insurance for no more than 39 days will still qualify as continuous cover and claims for window glass, car sound equipment and hail do not affect the No Claim Bonus.