CAR INSURANCE QUOTES VANCUVER

 why do i need car insurance??

Put quite simply – it’s the law. Insurance for your car is a necessity, not a luxury, as driving without insurance is an absolute offence.
Since 1930, and reinforced with the 1988 Road Traffic Act, all drivers are required to have at least third-party car insurance. So cheap car insurance is far better than no insurance for your car at all.
If you are caught driving without car insurance, what happens? Well, aside from a legal requirement to foot the bill of any third party or property damaged in an accident or incident, you may well face an additional fine plus a driving ban.
Driving without insurance for your car is a serious offence which can result in an immediate disqualification from driving. Police also have additional powers to impound, and possibly scrap, your car.
The estimated 20 per cent of young drivers who drive without insurance may not be aware of the risks, but they are serious..
So to be better safe than sorry ..buy a car insurance.........

 What level of car insurance cover do I need? 



The minimum legal requirement for car insurance cover is third-party cover.
So why might you need a level of cover over and above the minimum legal requirement? Well, a greater number of drivers will have third party, fire & theft  than third-party-only car insurance, as this will indemnify the vehicle user in the event that their pride and joy is stolen or burnt to a crisp.
In short, greater cover in terms of insurance for your car equals greater protection against those unexpected curveballs life throws at you. If you’re on a budget, replacing a stolen or damaged car would do more than dent your monthly outgoings – it could write them off completely. Do you have a spare couple of grand in your account right now?
If you’re looking for insurance for your car or to upgrade your policy, it’s worth shopping around. And be sure to check exactly what is include

Factors affecting insurance premium

The car and your usage

The type of car you drive affects your car insurance premium, as cars are rated according to insurance groups. This is set by the Insurance Group Rating Panel and is set from 1 to 20. When buying a new car, it is worth taking these ratings into account before you shop around for insurance for your car.
The number of additional drivers, and their driving history, also affects your premium, as does your occupation and your annual mileage. Put simply, the more you use your car and the further you drive, the greater the risk of incident, hence the higher premium.

Drivers on the policy

Additional drivers don’t have to drive up car insurance costs.  If you need to add another driver to the policy, it’s always worth sticking, say, a parent on your policy and then running an online search, as some car insurance companies might give a discount to acknowledge the experienced driver. However, do not add names of drivers if they will not actually be driving the car. Lying on your policy could result in it being void.

Types of cover

The final variable on insurance for your car is the level of cover you choose. Remember, the cheap car insurance premium may not provide the best level of cover for you. Compare third party only with one company to third party, fire and theft with another – it may only be a small additional investment, or even cheaper in some cases.




 What drives the cost of car insurance?



f you’re interested in saving money on your car insurance (and, let’s face it, who isn’t), it’s worth getting a handle on the various factors that affect the price of your car insurance policy.
The price of your car insurance is dependent on a number of factors:

     
• Your personal details, such as address and driving history
     
• What car you drive
     
• Who owns and drives your vehicle
     
• How you use your car
     
• The type of cover you choose

First, let’s talk about you. Your age, gender and how many years you have been driving are all crucial to insurers to help them give you a competitive quote for cheap car insurance.
Building up a healthy no-claims bonus (NCB) is crucial to reducing car insurance premiums. It varies from company to company so it’s well worth comparing various car insurance quotes. It doesn’t matter that you’ve built up your NCB with a different company – sometimes it will be taken into account in your new insurer’s quote.
An NCB of five years or more, for example, can entitle drivers to a 70 to 75 per cent discount, even on cheap car insurance premiums.
Your address will also affect your quote so be sure to shop around for cheap car insurance every time you move. In general, city centre or rundown areas are considered higher risk, and make the premium higher. Parking in a garage or off the street may help this.
Other security measures, such as alarms and immobilisers, are often taken into account.


 Rise in cost of insurance premiums due to frauds



New insurance industry figures show the increasingly damaging impact of fraud on the cost of cover. But providers are pledging to crack down on bogus claims.
Britain’s insurers are losing £2.3 million every day to fraud, new figures from the Association of British Insurers show.
Bogus claims on car insurance policies account for almost half the total, at £1.12 million a day – more than £400 million a year.
But the most common type of fraud relates to home contents policies, with scores of daily claims for accidental damage that has, in fact, been caused deliberately.
The ABI said fraud added an average of £44 a year on to each household’s overall insurance bill.
Spokesman Nick Starling said: “Insurance cheats do not prosper – they can expect to get caught, face problems getting future insurance and risk getting a criminal record.
“The majority of customers are honest and rightly object to subsidising the cheats. This is why 2011 will see insurers intensify their war against the cheats, to protect their honest customers.”
Among the examples of fraud recorded by the ABI was a claim for theft of DVDs which were yet to be released in the UK.
Another man claimed for compensation after tripping over a loose paving slab, only for investigators to find his injuries had been sustained after being hit with a baseball bat in a fight.
A further individual told his insurer his car had been damaged while parked near his home. In fact the vehicle had been involved in a collision while racing at the Nürburgring track in Germany.


 How to get your car insurance application right 


Don’t be overwhelmed by car insurance application forms - our quick guide shows you how to make the car insurance application process run smoothly by simply gathering the following documents to hand:

Driver’s licence - yours and any additional drivers’

You will be asked for the type of licence, and if you and any named drivers have had any motoring convictions, such as speeding points, in the last five years.

Bank statement

This will give you easy access to your account information if you’re planning to pay by direct debit or...

Debit or credit card (if planning to pay by card)

Last year’s insurance certificate and any paperwork relating to previous claims in the last five years

You will be asked for information of any motoring convictions (points and so on) and keeping last year’s quote to hand will give you a good starting point in terms of comparing quotes.

Your car’s logbook

This will provide the car’s make, model, registration year and so on. If you have modified your car in any way, this will affect your policy cost. You will also be asked about security (alarms, immobilisers) and where the car is kept.

Your employment information

Insurers want to know if you work full-time, are in education, are self-employed, are unemployed and so on. You will also be asked to select your job description from a list of pre-prepared options.