Why is there such a demand
for car insurance with no deposit? Well, if Al Capone was still
alive he would have an office in Slough and he would sell car
insurance. What a racket.
Well, now that that rant is out of the way, how do we get round this? Simple, by using a price comparison engine which not only finds a selection of the lowest priced policies to suit our needs, but also allows us to buy it over the following 12 months without our having to put down a huge deposit. After hundreds of years of selling insurance based on a single premium every year, paid in advance, many insurers have come round to the idea that if so many motorists genuinely have difficulty in paying for their car insurance in this way, there are going to have to start offering monthly payments. A small number of price comparison sites now specialise in offering policies that you can pay for in this way.
After you have filled in an application form which only takes a
matter of minutes you are presented with a list of insurance
policies, with not only the normal premiums but also the cost of
monthly repayments. Most insurers charge more for monthly payments
than they do for full, up front ones; sometimes these extras are
quite heavy, sometimes there are not too bad and every now and again
they are waived completely, usually as part of a special promotion.
You can select the policy which looks to be the best one for your
needs, but once you have done that it is very advisable indeed that
you study the policy details (there is invariably a link to these)
before making your final decision on whether or not to go ahead with
the transaction. You not only need to ensure that you are covered
for everything that you want to be covered for but you also need to
take a careful look at any extras that you could be charged. These
can include quite hefty charges if you need to alter any of your
policy details in the future, such as your address, job, driving
record etc; and if any of these change it is absolutely essential
that you do inform your insurers as soon as possible since not doing
so can give them grounds, under certain circumstances, for refusing
claims. Of all the complaints that are made about car insurance
companies a very high proportion concern extra charges; and in the
vast majority of cases the motorists only have themselves to blame
because they did not read the policy properly in the first place.
Copyright Debbie Mason 2011 All Rights Reserved