Classic Boston Whaler Accessories
Comparing Specialist Car Insurance on the Internet
Do you own a non-standard car? Specialist Car Insurance may be Cheaper
Surprisingly a large number of vehicles fall into categories that the majority of mainstream car insurance companies do not want to cover!
Such examples that may struggle to obtain motor insurance at reasonable rates are owners of performance,prestige, expensive, luxury, foreign, sports, convertibles, modified, veteran, collectors and classic cars.
Car insurance companies employ people called actuaries who constantly check statistics and data to come up with rates for various risks.
The actuaries and the underwriters set the risk rates for certain groups of people or car combinations. Consequently many people who do not fit the standard that the actuaries and the underwriters want, find themselves either completely excluded from the quote process or given a quote offer that is so expensive, that the risk in question will not take out the cover, and does not enter and threaten the value of the existing risk pool.
Many people searching online for various motor insurance covers, come away disappointed at not being able to insure their car or vehicle, as quickly and as easily as was suggested on the television advert, because the comparison company failed to mention that if you cannot tick all the boxes on the form, you are a non standard risk.
When choosing a car insurance policy it is wise to consider what is offered in the event of a claim. After all, you are only insuring the car to have the potential to make a claim and the cover is only as good as the insuring company’s claims department.
Although price is most peoples consideration when purchasing car insurance, one of things you should not overlook is who is going to repair your car if it is damaged?
All specialist car insurers and many insurance companies will offer a choice of repairer – many others will not as they have existing arrangements with so called approved repairers.
Trouble arises when a Car insurer employs its approved repairers to fix the motor against the policyholder’s wishes.
Specialist car insurance policies always offer unique claims repair services and if you own an unusual, expensive, classic car or performance motor, then it would be sensible to opt for a policy that includes these repair services to avoid the above situations.
There are two overall reasons or factors that make someone a non-standard risk, these being, you as a person and the car you drive.
Every car in the UK is assigned to a risk group for rating purposes from one to twenty, twenty being the highest risk, typically high performance expensive fast sports cars. The higher the risk group the more you pay.
Age of a vehicle whether it be a specialist classic car or a brand new off the forecourt car will seriously affect the risk price and you could be refused a quote.
Although the majority of cars are standard, people are not.
Unusual of non standard lifestyle are the main reasons people often fail to get a quote.
Theft rates for the area you live in may also result in a decline to quote.
The solution to the above problems in trying to obtain a reasonable car insurance quote, is to visit a specialist broker or motor insurance underwriter.
It is now possible to combine the benefits of comparing car insurance quotes and specialist car insurance. The Internet has allowed the development of specialist motor insurance comparison sites where multiple schemes are compared for non standard risks.
Those big kids who would once maybe invest in shares on the stock exchange are now putting their investments into tangible property, and classic cars and performance motors have become the investment collectors portfolio of choice.
The policy wordings of classic motor and schemes often contain elements that are specific to a particular car make, type and model. These schemes often include additional benefits, such as helplines and approved specialist repairers who are on hand as part of the claims package.
All specialist car insurance schemes also provide cover for high performance, prestige, classic or sports cars in particular, and you could certainly save money by taking out a policy from a scheme associated with your car, rather than standard motor insurance from a insurance comparison supermarket.
Wholesale large insurance companies argue that handling claims and arranging specialist parts for replacement and repairs, tend to be much more difficult to arrange and expensive and the result is higher premiums. Many mainstream car comparison insurers do not want to cover you period, so they will try to exclude you and dissuade you by offering highly weighted premium quotes and expensive cover.
Additionally specialist car insurance schemes more frequently than not offer exclusive discounts not found at the car insurance online supermarkets.
Many drivers, mostly through inertia, laziness or a misguided loyalty bordering on Stockholm syndrome, continue to pay over the odds for specialist car insurance premiums, failing to realise that an hours work searching for alternative specialty cover online, could make them hundreds of pounds or dollars in premium savings.
Compare specialist car insurance quotes and performance car insurance quotes online or call 0800 089 0182 to discuss your insurance needs with a specialist car insurance broker!
15 foot Whaler with a 90 Merc