Research reveals that men are more likely to have comprehensive car insurance policy in their name

Article by Post Office

Research reveals that men are more likely to have comprehensive car insurance policy in their name

Post Office Car Insurance advises all drivers of the importance of comprehensive car insurance

Recent research has revealed that 58 per cent of men compared to 44 per cent of women have a comprehensive car insurance policy in their name. In light of this research, Post Office Car Insurance reminds men and women alike of the importance of having extra car insurance protection to cover any accidents, theft or breakdowns that may occur.

The report indicates that there has been an increase in individual comprehensive car insurance policies to 51 per cent. This increase of individual comprehensive car insurance policies may be indicative of a trend for consumers to opt for greater levels of protection as well as to take advantage of lower increases in premiums.

Post Office Car Insurance reminds motorists of the importance of knowing exactly what their car insurance policies cover to make sure they are provided for if their vehicle is damaged. Post Office Car insurance offers three levels of car insurance tailored to suit the needs of modern motorists – third party, third party fire and theft, and comprehensive for those seeking the highest levels of protection and peace of mind from their car insurance cover.

The Post Office’s comprehensive car insurance cover, for example, brings benefits such as a courtesy car in the case of an accident, a three-year guarantee on approved claim repairs and medical expenses up to £200. Other benefits of comprehensive car insurance from the Post Office include cover for accidental damage to the vehicle including windscreen and windows, and cover for storm and flood damage.

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Company: Post Office (http://www.postoffice.co.uk) Release summary: Recent research has revealed that 58 per cent of men compared to 44 per cent of women have a comprehensive car insurance policy in their name. Date of issue: 23rd June, 2010Contact: Melanie Seasons, Onlinefire, +44 (0)20 7927 9999, Melanie.Seasons@onlinefire.co.ukURL: http://www.realwire.com/release_detail.asp?ReleaseID=22468Related link: Car Insurance – http://www.postoffice.co.uk/portal/po/content1?catId=19300223&mediaId=19300227 Post Office RSS feed: http://www.realwire.com/rss/company.asp?c=49433220100623

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Young Adults On Their Parents Car Insurance Policies

Article by Danny Aaron

It is a widely known statistic that a lot of young people under the age of 25 are listed as secondary drivers on their parents’ car insurance policies. As the new statistics have come together, it has been noticed that this age bracket has risen, and now adults up to the age of 31 are being listed on their parents’ car insurance policies as secondary drivers.

Because these young adults are listed as a second driver on their parents’ insurance policies, they are saving a lot of money in the running cost of having a car. With the financial downturn in many countries in the world, young adults are finding any way possible to cut costs. They are now moving back in with their parents, and trying to merge their car insurance policies. Car insurance can be a very expensive monthly bill, especially for drivers under the age of 25, as they fall into a higher risk bracket. Because car insurance is legally obligated in a lot of countries, people cannot afford to be without it. Unfortunately, sometimes they are financially unable to have it on their own.

There is, however, a line that cannot be crossed with regards to this. There is no problem with someone putting themselves down as a secondary driver on another person’s insurance policy, so long as they only drive the car occasionally. The problem comes when parents put their children down as secondary drivers on their policy, when they are in fact the main driver of that vehicle. Research shows that the numbers of people who do this are increasing dramatically. In order to save on the cost of insurance, young adults are putting themselves on their parents’ car insurance policies as secondary drivers, when they are in fact the sole driver of the vehicle.

This is seen as insurance fraud. If one of these young drivers is in an accident, and the insurance investigators find out that they are actually a primary driver on a vehicle they were listed as a secondary driver for, they will not pay out. Even worse, these drivers could be charged for fraud! It goes so far that the young driver will purchase their own vehicle, and register it in their own name, yet they will put the insurance for the car in their parent’s name, as if they are the main driver of the vehicle.

In order to avoid the repercussions of this kind of car insurance fraud, it is highly recommended that young adults take out their own insurance policies. Even if this is not financially viable, it must be done! It is pointless for parents to put their children on their insurance policies, and pay that money every month, when the insurance company will not pay out when they find out about the fraud being committed. In desperate financial times, young adults can even take out third party insurance, which is one of the cheapest options available. This cover will pay out for the damages to the other vehicle the driver hits. It may not cover the actual vehicle being driven, but it is better than nothing. Especially if the young adult drives into a luxury vehicle!

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Car insurance policies and their coverage

Article by Jordan Chase

In modern times, there are lots of cars on the streets. More and more people feel that cars are not only luxury but also very important possession for all of us. Cars make our lives easier and because of that they are necessity for most people. If you have your own vehicle you will also need to insure it. There are a lot of different car insurance options available on the market. If you want to choose the most appropriate car insurance for you there will be a lot of factors that need to be considered.

Depending on your personal needs there are plenty of insurance options and coverage that are available. Here are some of the most common types of insurance policies:

As we all know car insurance is compulsory in most of the countries. Liability is the type of insurance that is required. If you get into a car accident and it is your fault, your car insurance policy will cover the expenses for any damage made to you or your vehicle as well as the damage made to other parties. The coverage also includes expenses for any damage made to buildings or other party’s property in case an accident happens. It is of great importance to know that most of the countries have obligatory minimum of the car insurance policy coverage. In case the coverage of your insurance policy is smaller, there is possibility to receive insufficient amount of money for repairing your own car. Here Compulsory car insurance takes place. This insurance policy covers the whole cost of your vehicle in case it is totaled. This insurance is suitable for people who own relatively new and expensive cars.

Other type of insurance that may be useful for you is the Comprehensive. The coverage of comprehensive insurance policy includes any damage made to your vehicle from weather conditions, animals, thieves or just everything that may come out. It is useful to have Comprehensive insurance for your vehicle but because of its relatively high price may not be worthwhile for older and less expensive cars.

Because of the high prices for medical bills you may need to pay in case of a car crash, you can protect you personal assets by making Personal Injury Protection. This type of insurance covers all the expenses for medical bills for you and your passengers no matter whose fault the accident is.

If you have your own vehicle but you can’t afford to insure it there are several things you can do to reduce the cost of your car insurance:Keep clean your driving license. Most of the insurance companies make some discounts for drivers with clean driving license.Other thing you can do to reduce the cost of your insurance is to insure your vehicle on behalf of a female member of your family which has a driving license. Because of the fact that most of the women drive more carefully and slowly than men, they get some benefits in their car insurances.

To see what the benefits and disadvantages of getting a car insurance online are, click here. Visit this web page for some of the biggest facts and myths about car insurances.

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