Hot Topics
- What if I own a classic car?
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Classic cars are used for many different purposes, whether it be driving to and from work, attending trade shows or even for rallies. Classic cars often require a more tailored car insurance package which allows you to fit the policy around the cars use. This may be in the form of limited mileage or even specialist track day insurance.
- How do I claim if the accident involves a third party?
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In insurance terminology, a third party is defined as anyone else involved in an accident who is not the policy holder. Under UK law you are required at all times to have a minimum of act only third party insurance, but in reality most insurers only offer full third party insurance. This insurance will ONLY protect any damage done to third parties involved in an accident, not to your own vehicle. There is also the question of personal compensation, usually this is also covered by a third party policy, if in doubt check your policy documents.
- Who do I contact if I have a complaint against a finance house?
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First you must address your original contact you dealt with, ask them for their job title and then request that the provide you with the name of the person who handles complaints. Traditionally, finance houses are required by the FSA to have a complaints procedure, and you should ask for details of this.
- I am at the scene of an accident - what do I do?
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Take note of the registration number of all vehicles involved within the accident.
- How your premium is calculated
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The main factors influencing the cost of your insurance policy are:
Why do some Motor insurers specialise in just lady drivers?
Every Motor Insurance company is different, each have specific market niches that they try and specialise in, some choose mature drivers, some lady drivers and some young drivers. They all different priorities, and marketing strategies which aim to maximise the number of applicants within the market they have chosen to specialise in. Some of the largest more generic motor insurance providers will try and provide a good level of coverage through out the whole market offering competitive premiums to most Motor drivers, examples of these are Tesco’s and Admiral.
Women represent a lower risk to the insurer than a male would at a like age. This is not to say that they don’t have any accidents, they do around the same number, but that each accident, on average, causes less damage that needs to be repaired. This in turn means that to insurance companies a woman driver represents a greatly reduced risk.
The reason that women's claims are so much cheaper than men’s is because they have less serious accidents. Women have been proven to drive differently than men do. They tend to take fewer risks, don't drive as fast, and are less likely to be showing off to their mates with fancy driving manoeuvres.
Those companies that specialise only on woman drivers are traditionally very competitive, in order to get the best possible quote you should try a selection of differing insurance providers including several ‘woman only’ insurers.
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