GETTING car insurance quotes from multiple insurance providers can make it easier for you to find the best deal around. However, it is not realistic to believe that one person can manually request quotes from all the different motor insurance providers that serve their area.

Instead, to shop around for different car insurance quotes, you can use a website that provides quotes from numerous insurance companies. An example of a website that offers this service is MotorQuoteDirect, which is a leading supplier of UK auto insurance quotes.

What should you consider when reviewing car insurance quotes?

When reviewing the quotes, whether through MotorQuoteDirect or any other auto quote generating website, don’t just pick the cheapest policy. Sometimes the cover with lower insurance premiums is not the best deal. It is important to look into exactly what is offered for the particular insurance policies that are being quoted.

At the same time, you will need to have a good understanding of what specific coverage you need. At the very least, you must adhere to the United Kingdom’s minimum vehicle insurance requirements. These requirements state that you will need at least third-party coverage. Ireland shares the same minimum vehicle insurance requirements.

What are you required to have when insuring a financed vehicle?

An important question to ask yourself is whether there are any outside factors that may influence the need for a higher level of cover. For example, a brand new business car that’s been purchased with a finance package will need better cover than an old winter beater. A comprehensive package is typical.

What are you required to have when insuring a work vehicle?

This is where it can get tricky. A work vehicle will not fall under a typical auto insurance policy. The cover required for a work vehicle is different. It can also vary depending on the type of vehicle, what it’s used for, who will be in it, and what contents it will hold.

An important factor when figuring out which type of insurance policy is appropriate is determining whether it’s a business or commercial vehicle.

A business car insurance policy will cover a vehicle that is being used to travel to the office and to other work locations. Basic driving is usually classified as class 1 business use, but class 3 business use is typical when you have to drive for long durations or frequently.

A commercial car insurance policy will cover a vehicle being used commercially, such as a taxi or delivery vehicle.

Then there are company car insurance policies, which are typically held by the company that owns or leases the company car.

Specific insurance premium factors

It’s hard to cut down on the cost of insurance premiums when you already own the vehicle. There are some options when it comes to business and commercial use for limiting the cost of premiums, but you are pretty much fixed to what your vehicle implies. There are still a few changes that you can make to save a few pounds though, such as installing an alarm system to increase vehicle security.

Another important thing is not claiming something if you are able to cover it on your own. You should only be claiming serious damage as otherwise the cost of your insurance premiums could go up drastically. Besides, claiming for for small repairs is often a bad financial decision to begin with, particularly if your policy carries an excess.

The bottom line – what’s the bottom dollar for car insurance?

If you used the MotorQuoteDirect website, you would have obtained a list of car insurance quotes that meet your requirements. You can filter through these to decide which appeals most to you. If you can shortlist some options, then you can begin bargaining based on price. Of course, if you just need insurance for the sake of legally driving on the road then it can’t hurt to go with the cheapest option.

Lastly, a lot of focus is put on saving as much money as possible. It is important to remind you that saving a few pounds a month isn’t actually going to save you money if it costs you thousands of pounds years down the road. Simply be realistic about what type of coverage you would need based on yourself, your vehicle’s use, and the value of your vehicle.