As well as a legal requirement for all drivers, car insurance is a key investment. But in the current situation it is more important than ever to ensure value for money car insurance, as well as the appropriate level of protection for you. With more consumers choose to stay with the older models, instead of buying new, it is clear the car was severely affected by the downturn. Car sales in April 2009 fell by almost one-quarter when compared to the same month last year, leaving a large number of older models on the road.
In the less the consumer can afford to replace their vehicle, ensuring that it is necessary for the repair can actually save you money in the long term. Car insurance is not only claiming after an accident, but also pay for the material needed for the maintenance of minor scrapes and problems caused by weather or construction of road surfaces. Additional details such as the excess of the exemptions, bag cover and courtesy cars can be excluded from cheaper car insurance and third party insurance policies, so consumers need to read the small print and make sure that they are the best possible protection for their individual situation, as well as value for money.
Due to market changes, the average premium has increased in recent years, and thus the value of money with car insurance is for most customers. It is important to check your insurance policy and ensure that it is not giving up the protection on grounds of cost. [Source]
