How much do you understand about car insurance? Are you maybe in the market for insurance but don’t really know where to start or what insurance policy will be best for you? Here are a few things that you should consider before signing that policy.
Types of insurance
First things first – you need to figure out what type of insurance you need. This will depend on the type of cover you want as well as how much you want to spend per month. If you are looking for protection from damage to other people’s property but no cover on your own car then you’d be looking at third-party coverage. This is a low level of cover and other options for a higher level of cover could include comprehensive cover – this, however, has a higher monthly premium.
Know your excess and read all of the fine print
Not all excesses are the same – there are a number of excesses that apply to a car insurance policy. It’s therefore important to properly understand your policy and which excesses may apply to you – and in which situation.
Understand what’s covered – and what’s not covered
Everything will be listed in your insurance policy document, so it’s important for you to read all of your terms and conditions and ask questions about what is and what isn’t covered.