Getting the Best Motor Insurance Deal for Your New Car
Car insurance policies that offer benefits to the owners of new vehicles are a wise choice for Irish drivers who are investing in cars that have come straight from the production line.
If you have just made a purchase of this type, you may have put great thought into the decision to opt for a new model of vehicle. Although they are generally more expensive than pre-owned motors, they tend to feature state-of-the-art technology and mechanisms to make driving safer. As well as costing more to buy, motor insurance policies for vehicles of this type are usually more expensive.
When insurers give you a premium, it is based on different factors that consider the risk that your motor may be stolen and the likelihood of you being involved in a collision. Other important factors that are taken into account are the age and model of the car you drive. This is because a company needs to have an idea how much your garage bills will come to if it requires repairing at some stage.
Newer vehicles generally mean more advanced parts and paint, which can lead to higher premium prices than those allocated to slightly older cars. When it comes to buying policies, there are several different types available, but some tend to be more suited to the drivers of cars that have come from the production line. Third Party Fire and Theft may seem like the more affordable option as it provides a good level of protection from some events, such as supplying you with funds if your motor is stolen.
However, these policies do not provide financing to fix damage to your motor that has occurred during a collision that you are responsible for; meaning costly garage bills for your vehicle are self-funded. To get more coverage, you may like to opt for comprehensive insurance as this pays out to pay repair fees for your car and the one you hit. Hidden in the small print of some policies is an additional benefit for new vehicle owners called new car replacement.
When offered by firms, this is usually included as a part of Comprehensive and Third Party Fire and Theft policies, but you can inquire whether it is featured in your potential policy before buying. Once you have bought a policy with this benefit, you have peace of mind that if your vehicle is stolen without being located, it will be replaced by a similar new model. In addition, if there has been extensive damage to your vehicle then this benefit can see you also receiving a replacement vehicle.