Cheap car insurance, just like any other insurance, is a necessity in the UK. With over 26 million car owners, cheap car insurance is at the top most level on importance and popularity as compared to other financial products.
The cheap car insurance facilities available today are very flexible but you must be aware of insurance fraud. Stories of insurance frauds making fraudulent claims and bumping up premiums for the people have been increasing daily. Sure these stories would sound hilarious to you if you are not the victim, but it sure is not that way for the ones affected by this. It may shock you to know that over 2,500 fraudulent claims are uncovered on a weekly basis and the numbers still keep rising. It is essential to do a good deal of research in order to get the best quotes and facilities for your vehicle.
Well, now that you are aware of the fraud aspect of many car insurance companies, the next bit is to let you know the type of claims you can make. Those are the Property Claims and Liability Claims. Once you are clear on the types of claims, you can now think twice before making a particular claim. Property damage claims are very tricky in nature. When you make a claim from your cheap car insurance company for damage to your vehicle you need to keep in mind the cost of repair and the effect it will have on your insurance in the long run, not to forget your deductibles. If you have made a claim for any damage that you can take care of and can afford, then making claims for accidents of higher calibre would not be considered by your insurance company as it would be cancelled based on the time frame. Claims below your deductible need not be reported as they would not be covered . Each situation or accident is unique in its own way and hence proper consideration should be taken every time. Any claims that involve personal injury and even property damage by your vehicle is considered as a liability claim. In liability claims, any personal injury caused, be it even in minor proportions should be reported to your insurance company. It is a must to report any claims involving a potential injury to your cheap car insurance company. Deciding whether the damage caused is minimal or not is upto you based on your deductible. If you manage to dash into a cyclist or a pedestrian while reversing or in any other way, reporting a claim to your cheap car insurance company is essential in order to avoid legal problems.
Finding the right car policy is absolutely essential to avoid the above dilemma and is also possible after a good deal of research. The internet has blessed us immensely as it allows you to glance at all the cheap car insurance company’s website and also compare the prices that are provided to you. These websites now are equipped with a comparison tool that helps you find the cheapest quote for your vehicle.