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Insurance
companies
vary
widely,
so you
could
get
a better
deal
somewhere
else.
Don’t
be afraid
to switch
providers,
too.
You
can
switch
insurance
companies
whenever
you
want,
even
if it’s
in the
middle
of your
car
insurance
policy
term.
If you
find
a better
rate,
switch
and
save.
There
are
three
basic
types
of Auto
Insurance:
•
Third
party
-- which
covers
your
legal
liability
if you
damage
someone
else’s
physical
property
(walls,
vehicles,
gates
etc.)
due
to a
driving
accident.
•
Third
party,
Fire
and
Theft
-- offers
third
party
cover
and
adds
on two
useful
pieces
of cover
- fire
damage
to and
theft
of your
car,
including
damage
caused
by a
theft
or attempted
theft.
• A
fully
comprehensive
policy
-- includes
Third
Party,
Fire
and
Theft
and
in addition
will
pay
for
damage
to your
own
vehicle
in the
event
of an
accident.
There
are
many
extras,
too,
for
example
it will
also
give
you
cover
when
you
drive
other
people's
cars
- useful
if you
borrow
someone's
car
and
their
insurance
does
not
cover
you.
The
following
factors
affect
what
you
actually
pay
for
your
premiums.
•
Your
age,
your
job,
your
driving
record.
•
The
car
you
drive.
The
higher
the
value
of the
vehicle,
the
higher
the
premium.
High
performance
vehicles
are
also
more
expensive
to insure
than
their
stock
standard
equivalents.
• The
location
of the
car.
You'll
pay
more
if you
keep
the
car
in a
high-crime
area
or park
it on
the
street
at night.
• What
you
use
the
car
for.
You'll
pay
more
if,
for
example,
you
plan
to use
the
car
for
business
delivery
purposes.
•
The
excess
structure
that
you
choose.
The
higher
the
excess
the
lower
the
premiums.
•
Gear
Locks,
Satellite
Tracking
- will
help
reduce
your
premiums
So
if you
are
buying
a new
car,
also
remember
to shop
around
for
Insurance!
For
a first-time
car
buyer,
the
process
can
be a
difficult
decision.
Many
buyers
are
not
aware
of the
fact
that
they
need
to have
insurance
before
driving
their
new
car
off
the
showroom
floor.
The
financial
institutions
providing
the
finance
for
the
purchase
will
insist
on this,
in order
to ensure
that
their
new
asset
is protected.
Don't
just
accept
the
first
offer
that
is given
to you,
get
at least
3 quotes
before
making
your
decision.
"Many
banks
or finance
institutions
are
affiliated
to an
insurance
company
or brokerage
firm.
New
buyers
therefore
may
find
themselves
feeling
pressurized
to take
insurance
cover
through
the
bank's
preferred
supplier.
It is
important
to know
that
this
cannot
be enforced
and
the
decision
lies
with
the
client.
This
makes
it essential
to shop
around
for
competitive
quotes,
to ensure
that
you
are
offered
the
best
deal
- from
the
perspective
of both
cover
and
price.
For
young
drivers,
this
becomes
imperative,
as they
are
often
penalized
for
their
age
and
lack
of driving
experience,
translating
into
higher
premiums
and
excesses."
Cash
buyers
are
not
exempt
from
the
need
to insure
their
new
car.
Thefts
and
hijackings
are
still
a reality
and
the
growing
number
of cars
on the
road
puts
all
drivers
at increased
risk
of being
involved
in an
accident.
Choosing
an insurance
product
that
is suitable
in terms
of budget,
value
adds,
cover
and
excess
payable
is a
careful
decision
that,
with
the
right
advice,
can
be made
sensibly
and
safely.
In addition,
many
young,
first-time
buyers
find
looking
for
Chicago
Auto
Insurance
will
see
that
purchasing
insurance
through
a direct
insurer
is actually
a simple
process.
They
are
likely
to receive
a tailored
insurance
solution
catering
for
their
specific
needs
- with
direct
insurance,
clients
don't
pay
any
additional
charges
for
getting
what
they
want.
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