Sunday 29 March 2009

Motor Trader Insurance – 4 Reasons How Insurance Brokers Can Help Your Business

Before we start to look at why using an insurance broker could be the perfect way to buy your Motor Trader Insurance let’s start off with a few supposed truths about the insurance industry.

Number 1 – Let’s be honest from the beginning and just say it – most people don’t like insurance. For most people losses rarely occur and therefore they are paying out insurance premiums year on year and yet they don’t actually see any real benefit of it.

Number 2 – Most people (even those who have suffered a loss and have made a claim) see insurance as too expensive with actual insurance companies seen as money grabbing and having no purpose other than to make money.

Number 3 – People see insurance as either boring and sold by men in suits or sold using annoying advertising on the television promising cheap or the cheapest insurance and delivering call centres who seemingly have replaced customer service with queues and staff who don’t really know what they are talking about.

If you’re a Motor Trader who needs to purchase Motor Trade Insurance and any of the 3 points above ring a bell with you then you really need to read on and discover just 4 reasons why using an insurance broker could be just what you need when you next buy your business insurance.

The first reason for using an insurance broker is that they can save you time. Yes you could spend time trawling the internet, thumbing through the yellow pages or ringing around a selection of insurance companies but you could also contact just 1 insurance broker and let them do the work for you. As a motor trader I’m sure you’re time could be put to better use elsewhere anyway.

The second reason why you might want to use an insurance broker when purchasing motor trader insurance is that providing they are independent (that is they have access to more than one policy) they can search to find you the very best cover. Cover that in some cases isn’t available anywhere else.

Another reason for choosing an insurance broker is that they can very often provide you with a level of service that you won’t find elsewhere. Go direct with an insurance company and there’s every chance you’ll be faced with queues, call centres and people without a real understanding of your needs. However choose the right insurance broker who understands the motor trade and you can benefit from advice and guidance aimed at reducing your exposure to risk. And in the event of a loss occurring they will even act on your behalf to make sure your claim is settled quickly and favourably.

The fourth and final reason why using an insurance broker could be just what you need when buying motor trade insurance is that they could save you money and we’d all no doubt like to be paying less for our insurance. A good broker will therefore be able to take advantage of the facilities they have with the leading insurance companies so you benefit from the cover, the service, the time savings and the premium savings all from the same source.

Motor Trade Insurance doesn’t have to complicated or expensive so find the right broker and make sure the price is right for your Business Insurance.

Saturday 21 March 2009

Getting The Best Motor Insurance Quotes

If you are looking to get the best motor insurance quotes then there are a number of things that you will need to take into account. Different factors will affect the quote that you receive and it is possible to change certain things in order to get a better quote.


How is it Possible to get the Best Motor Insurance Quotes?

In order to get the best motor insurance quotes you have to understand exactly what it is that affects your insurance. Generally the following factors make a difference to the quote that you will receive:

• Gender

• Age

• Mileage

• Make and Model of Vehicle

• Safety

Now obviously some things mentioned above you cannot change. Your age will make a difference because the younger the driver, the less experience they will have and so the insurance will reflect this. However there are things that you can do to lower your insurance quote.

Insurance brokers like drivers who keep themselves and their car as safe as possible. So if you keep your car in a garage that is likely to lower your insurance quote. Keeping it in the garage will protect it from the weather which will prevent issues such as rust. It will also help to ensure that the car is harder to steal which means that you are less likely to claim on your insurance for theft. Other safety devices such as an alarm fitted in the car and a wheel lock may also help you to get the best motor insurance quotes too.

Another factor that will affect your quote is the make and model of your vehicle. Sportier cars generally cost more on insurance, as do classic cars. So if you have not yet chosen which vehicle you would like to own, it would be a good idea to research the typical insurance costs for that vehicle before you purchase it. You could save a lot of money just by looking at different, more insurance friendly cars.

The amount of miles that you do on average each year will affect how high your quote is. The fewer miles you drive, the lower your quote will be. Obviously the less you drive, the lower the chance of you getting into a car accident. Your insurance will reflect this and so if you could cut down your mileage your quote can be lowered.

What gender you are will also affect your insurance. On average female drivers get lower insurance quotes because they are seen to be safer drivers. Statistically men get into more motor accidents than women and so their insurance quotes are usually higher to reflect this. Of course there are specialist companies who cater only to females and those are the ones you should apply to if you are a female driver.

Overall using a specialist insurance broker may help you to receive the best insurance quote possible as they do all of the work for you. No matter whom you are or what your circumstances, the broker will be able to find the best insurance to suit your needs. So if you are looking to get the best motor insurance quotes then using an insurance broker may be a good option.

Monday 16 March 2009

Motor Insurance: for the Sake of Security

The motor insurance
is actually necessary in the present times as it gives you a lot of benefits, enabling you to drive safely to destination, without worrying about its breaking down. Like all other insurances, motor insurance offer you a good help if you have a foot of a wanderer and your car accompanies you to your trips.

A motor insurance provides a cover that includes the repair of your vehicle while it breaks down during your journey. Also, it makes sure that you are given a substitute automobile or a car hire till the time your car is getting overhauled. So having car insurance would indeed make things easier for you and your vehicle.

One cannot foresee mishappenings, so it is better to prepare yourself for them. In the modern world, motor insurance has been really instrumental in making our lives better. If your car is stolen or you have lost the keys to your car, the car insurance agents would assist you during all adversities. Also, in the case of theft, you can easily claim the insurance amount and can compensate the loss to a certain extent.

The break down cover helps you 24/7 and the area can be UK or some parts of Europe. You can easily be provided with assistance if you face any difficulty with your car within the prescribed area. The helpline team is very supportive and you can summon them at your will.

If you are keen on taking a Motor Insurance scheme, then, you can get a good discount on buying your insurance scheme online. Some insurance companies also give you a discount on the second motor insurance, if you already have taken a motor insurance beforehand.

So, buying a motor insurance is the best gift that you can give to your car and also to yourself.

Wednesday 11 March 2009

What Are Motor Insurance Brokers?

What do motor insurance brokers do? They take on the role of an intermediary between the client looking for motor insurance and the insurance company that provides it. From the client's point of view, it can be an especially useful and rewarding relationship since the broker's experience and knowledge of the motor insurance market ensures not only that the most appropriate type of insurance is found, but that it also represents the best value for money.

One of the most reassuring features of the insurance broker's role is that it is an entirely independent one. The independent insurance broker is not tied to a particular insurer or even a selected panel of insurers, but can genuinely - and independently - recommend to his or her clients. Because they are not agents tied in to any vested interest, such brokers can establish precisely the insurance needs of a particular client and trawl through a huge range of potential providers to find the perfect match - both in terms of the insurance cover provided and the price.

But finding the most appropriate insurer is just the beginning of the broker's job. There is an ongoing relationship between client and broker that enables the latter to:

- Anticipate future insurance needs, such as scheduling renewals of the policy;

- Offering specialist advice if the insurance needs are more complex - whether the complexities arise because of the driver's personal circumstances or because of the particular type of vehicle involved;

- Advising on ways of mitigating some of the risks involved in motor insurance - for example, by installing security devices to protect the car from theft or by advising on the most appropriate level of excess for the client to take on, and so reduce the amount paid in insurance premiums;

- Amending the current insurance policy - if you change your car or want a further vehicle added to the existing insurance, for example;

- Providing advice in the event of an accident, or other loss or damage to the car, that gives rise for the need to make a claim under the policy;

- Collecting the premiums due on the insurance policy.

In other words, there is a whole lot more to the insurance broker's role than simply selling the customer the motor insurance policy in the first place. With so many different providers of motor insurance, a broker can play an indispensable role in ensuring that his or her clients buy an essential product not only at a competitive price, but also in the comfort and knowledge that the insurance will perform exactly as intended if and when the time comes to make a claim.

The time for making a claim is often the moment when a particular insurance policy is really put to the test - when you can truly measure the value of what your premiums have been paying towards. Far better, then, to have had the motor insurance broker's input from the very outset, rather than discovering an unpleasant surprise when the cover you thought you had actually fails to live up to its promise.

Friday 6 March 2009

Motor Insurers Bureau Compensation Claims

Claims going through the UK Motor Insurers Bureau is similar to making a normal claim. Your case will be reviewed by the ruling judge and a decision is then made in regards to liability and how much compensation you should be awarded which will be paid by the UK Motor Insurers Bureau.

MIB was established in 1946 as a private company limited by guarantee for the purpose of entering into Agreements with the Government to compensate the victims of negligent uninsured and untraced motorists. Every insurer underwriting compulsory motor insurance is obliged, by virtue of the Road Traffic Act 1988, to be a member of MIB and to contribute to its funding

The MIB can give compensation to someone who is involved in a motor accident caused by an uninsured driver or untraced driver. If the driver was uninsured, the MIB can pay compensation for personal injury or death and/or damage to property. If the driver has not been traced, the MIB will consider claims for damage to personal property providing the vehicle can be identified.

Normally, the UK Motor Insurers Bureau will make a payment for both your vehicle and any personal injury suffered by yourself. This may also cover loss of earnings and medical expenses, pain, distress and suffering - all covered by the UK Motor Insurers Bureau

Simon Machell, MIB chairman and the director of customer services at Norwich Union, said: "Currently, the fines for having no insurance are often a fraction of the cost of insurance and so some motorists are willing to risk getting caught and fined. But stricter penalties need to be combined with better enforcement and wider use of an improved Motor Insurance Database."

Scenarios can normally be split into 2 categories

Untraced Motorist - Hit & Run

This is where the other driver cannot be traced. However, in certain circumstances a claim still be made. You should waste absolutely no time in seeking legal advice to get a claim on the way to protect your position.

Uninsured Motorist

This is where the person who you have had an accident with is not covered by any kind of insurance. If it transpires that the driver responsible for the accident is uninsured, you can make a claim to the Motor Insurers Bureau. As long as they can be satisfied that the uninsured motorist is to blame, your claims will be dealt with as would any other claim. The only exception is that they will not pay the first ?300.00 toward any claim which does not have an injury.

Tuesday 3 March 2009

Best Motor Insurance Quotes

Put at its very simplest, the best motor insurance quotes are not always the cheapest quotes. Like many consumer choices, paying the lowest available price can prove an expensive false economy, landing you with a product that lets you down when you need it the most. With a financial services product like motor insurance, being let down by your insurance cover can be costly indeed.

The "best", therefore, will be not so much a question of the cheapest motor insurance available, but the best value for money. That also sounds a fairly straight forward business, of course, until you realise that there are over a hundred insurance providers all offering a range of different insurance packages for your car. Choosing the best motor insurance quotes, therefore, will depend on your selecting the package that includes all the features - and only those features - that you actually want.

If your preference is for basic third party or third party, fire and theft cover, then your choice is relatively simple. There will be little variation between what is offered by competing products and it should be possible to be guided by the question of price.

Comprehensive insurance policies, however, can offer a quite bewildering array of both fundamental core features and a range of optional extras. One of the most popular, for example, is the provision of a courtesy car if your own is involved in an accident and needs to go into the garage for repairs. Arrangements vary from insurer to insurer and are typically limited by the requirement that repairs are carried out by an insurer-approved repairer. In any event, this service is something that the customer will be paying for by way of a slightly higher premium, so it is important that the cost is taken into account when comparing insurance quotes.

A further variable - that will have an effect on the insurance quote - is the level of compulsory excess attached to any claim under the motor policy. This is the sum that the policy holder will have to bear him or herself in the event of any claim. Once again, different insurers will apply not only different levels of compulsory excess, but also offer various levels of voluntary excess. Clearly, the greater the level of risk taken on by the policy holder him or herself - in the form of a higher excess - the less there will be for the insurer to bear and, hence, the lower the insurance premium that can be offered.

The best motor insurance quotes will also recognise the car owner's own efforts to mitigate any risk of loss or damage to the insured vehicle. For example, does the insurance quote take into account any security alarms or immobilising devices you have fitted to your car as deterrents against theft or vandalism?

In summary, therefore, the best motor insurance quotes will take a lot more into account than simply the price of the premiums - although this will, of course, continue to play an important part in sorting out the best from the worst. Furthermore, if you are having difficulty disentangling all the elements of the packages offered by various quotes, it is always possible to seek the professional, expert advice of an insurance adviser.

Sunday 1 March 2009

Want Fast Motor Insurance For Drunk Drivers - Find The Right Package

This short report aims to assist you in getting lower premiums. A few methods exist to assist you in lowering your motor insurance for drunk drivers yearly costs. Some involve finding the right companies to get quotes from although other methods take place over a longer period and take some time to reduce the price of your cover. Some of the methods will not work for you but if you a searching for motor insurance for drunk drivers we are sure that you will learn some important nuggets of information.

Subjects that this report will present are how to pay for your premium, types of cover, motoring club discounts just to name some of the topics.

Tip I Are named drivers required? The costs of naming a driver that is not your common law partner or spouse varies between 10 to 20 percent. If the drivers are younger than 25 years old then the costs will be much higher. The trick is to name only those that will actually drive. Sometimes if the person you need to name has their own vehicle they will have the driving other cars extension anyway so could drive you motor on a third party only basis. Depending on the value of your vehicle third party cover may be satisfactory or not. Instead of naming a driver permanently you can add them temporarily part way through your insurance year.

Tip II The best way to pay! The best way to pay for your car insurance is to pay with a one off payment. Unfortunately one way in which brokers and direct insurers make extra profit on motor insurance for drunk drivers by charging interest for direct debit payments. Paying in one lump is not always possible so if not then pay in one lump on your credit card. In most cases the APR on the credit card is less than that of the insurance provider.

Tip III Drive a smaller car - Big engines are harder to control and cost more to replace so driving a car of this kind costs more to insure. One way then to reduce the costs of your motor insurance for drunk drivers is to find a low insurance group car.

Tip IV Do not fall for high pressure sales tactics! Once your insurance renewal comes through start to shop around for quotes, don't leave it too late. Make a list and ring or submit your details online to a minimum of 4 motor insurers. Price comparison sites can be used to pick the most competitive brokers or direct insurers. Although price is important so are other factors it is important to write the features down and compare them along with the prices.

Tip V Advanced driving! You may also get a premium reduction of your motor insurance for drunk drivers is by taking extra driving tuition. If you are a new driver then the pass plus is a good way to reduce your insurance costs. Lots of insurers now give substantial discounts if first time drivers have the pass plus. Topics the course covers are all weather driving, driving on dual carriage ways and driving out of town. Other courses that can help older drivers are the IAM institute of advanced motorists or the and ROSPA.

What are the next steps?

Once you have completed the suitable tips from above read on. For motor insurance for drunk drivers we recommend you visit this site Young Learner Drivers Car Insurance

Damian is the owner of many finance related websites. Including mortgage, loans and debt advice. For more information visit http://www.gooddriverinsurance.co.uk