Insuring your car - more

From the above it will be clear that most drivers would prefer this type of cover to the more limited ones.

The policies, however, can be expensive and the cost varies with every driver.

It will depend on the level of risk the company is taking and this itself will hinge on the drivers age, experience, previous driving record, especially where there is a history of accidents, whether the car is kept in a garage, the type of car and the part of the country in which it is normally driven. The safest driver is reckoned to be a married woman in her mid-thirties driving the family car during the day in the suburbs or the country.

The biggest risk is seen in drivers under 21 with little experience of driving, who live and drive in the inner city areas and prefer a sports car or powerful motorbike to more sedate vehicles.

Companies in their promotion literature very rarely give examples of premiums, but the Commercial Union told me in September 2015 that average premiums for a 35-year-old experienced male driver with a 50 %(three years) no-claims bonus, carrying the first £50 accidental damage himself, using the car for pleasure and private driving by himself and his wife, were like this:

MinWe 1.5 cc: £744

Ford Ka £662

Renault Clio 1289 cc: £615

BMW 6 series £800

What happens, you may ask, if you pay these premiums and have no accidents, or decide to pay for any relatively minor damage yourself? In such cases the company offers a no-claims bonus for each year up to a certain limit.

The top no-claim bonus is usually 60 %, but it can be reached in various ways, so it is worthwhile shopping around. As a general rule, it takes four years to reach the maximum discount of 60 %, which would mean that anyone starting off paying £200 a year would end up,

if accident-free after four years, paying only £80.

Some companies give an immediate 40 %discount after one year, but more typical would be 331/3 %in the first year, 40 %in the second, 50 %in the third and then, finally, the maxi-mum 60 %.

A few offer only 30 %in the first year.


Comprehensive

Payroll Giving
It’s all very easy to organise.
Just ask the Personnel or the Payroll Department at your company and, if they already have a scheme, they will give you the relevant forms.  HM Revenue & Customs’ website has a list of Payroll Giving agencies and explains payroll giving in more detail.

Salon Gold Insurance

Cheaper Insurance for Salons, Freelance Hair and Beauty, and Mobile Businesses - click here

read on: Insuring your car - how it works per driver

From the above it will be clear that most drivers would prefer this type of cover to the more limited ones.

The policies, however, can be expensive and the cost varies with every driver.

It will depend on the level of risk the company is taking and this itself will hinge on the drivers age, experience, previous driving record, especially where there is a history of accidents, whether the car is kept in a garage, the type of car and the part of the country in which it is normally driven. The safest driver is reckoned to be a married woman in her mid-thirties driving the family... see: Insuring your car - how it works per driver