Cheap impounded Car Insurance: 4 Tips To Save Big Bucks On Coverage
After a few years of stable car insurance rates, there is bed new looming for drivers in our country. Recent studies have indicated car insurance prices have started to increase.
If you have an understanding of how impounded car insurance companies calculate your insurance premium, you can save money.
When requesting an insurance quote, you have to provide a lot of information about yourself to the insurance company. It is possible to lower your insurance premium drastically by simply changing the way that you answer some of the questions in the procedure, without providing wrong information to the company. The information that is collected by the quote form is used to determine how likely you are to have a car accident and how much will it cost to repair even how likely you are to be a victim of car theft.
Here are a few tips that could save money on cover.
- Remove unnecessary add-ons from your insurance policy
Car insurance can often include benefits like gadget theft cover and breakdown cover. Ensure that you actually want these add-ons or do you need them because they will most likely be increasing your insurance premium. Many drivers have a free breakdown and phone cover provided by their bank account. Ensure that you are not paying for those that you don’t need.
- Increase your leftover
Increasing the excess on your insurance policy can sometimes lower your insurance premium. The excess is the amount of money that you will have to pay if you are going to make a claim. Ensure that you do not increase the excess to a level that you could not afford in the event of theft or an accident.
This is generally a sweet spot where the excess gives the lowest insurance quote. Look around with the figures when you are going through your application.
- Don’t pay monthly
If you afford your insurance premium in one go, you will certainly save money. Insurance companies will charge interest if you divide your insurance premium into monthly payments.
- Add an experienced driver
By adding an experienced driver as a named driver on your insurance policy, you can definitely lower the insurance premiums that you are being offered. Ensure that the old driver has a clean driving record and license without any driving convictions. It will also help if they have a long no-claim discount.
Stating that someone else is the main driver of your car when in reality you are fronting. It is against the law and can result in your insurance becoming invalid. If you are caught and found to be driving without valid insurance, you can face penalty points and fines on your driving license. In addition, your car will be impounded and taken to the pound where it will keep safe until you retrieve it. You will have to pay impound fees plus daily storage charges. To release an impounded car, you will need specialist impounded car insurance which you can get at Release my vehicle.
By carefully selecting the job title that you use to describe your line of work, you can save a lot of money on your insurance premium. If you are a full-time carer, retired, or parent then ensure that you have indicated this rather than stating you are not employed as this could also save a lot of money.
There are often different options available that could define most roles and spending time trying a few of them could save money.
It is a serious offense to drive without car insurance and there are serious penalties if you are pulled over by the officer. You will receive a penalty notice and up to 6 penalty points on your driving license. There is a great risk that your car will be impounded which means you will have to collect it from the police pound. For this, you need insurance for impounded cars. The police can charge fees on a daily basis until you retrieve your car. You will have just seven working days to reclaim your car and after 14 days, if you fail to do so, there is a great chance that it will be destroyed or auctioned.
Impounded car insurance quotes
If your car has been impounded by the police or other authorities, you will need specialist impounded car insurance to release your car from the police pound.
There are basically two types of impounded car insurance policies that we can provide depending on your situation. We can provide an insurance quote for both short-term and annual policies. Both policies have their own benefits and we will look at that.
Benefits of short-term policy
The obvious benefit of a short-term policy is the cost of the policy. With this type of insurance, you will only be liable for one insurance premium that will cover you for 30 days. After 30 days, the cover ends and you are not responsible to make any more payments.
It is also true that the annual policy would be canceled after 30 days but that would involve a large fee and may lose a part of your deposit. This short-term insurance policy is specifically useful if you are not sure what to do with the car once you have released it from the police pound.
Benefits of annual insurance policy
The main benefit of an annual impounded car insurance policy is that you can use it to release your impounded car from the police pound and then continue with the cover for the course of the policy.
This type of insurance policy provides different levels of cover from third-party only to fully comprehensive. It will also cover legal costs and any of your personal belongings if damaged or lost because of an accident.
With an annual insurance policy, you will also have got the option to include a named driver in the cover which may allow a third party to release your impounded car on your behalf.
Contact us and our team will provide you with cheap impounded car insurance that will help you to release your car from the police pound.
