Car insurance rates have been dropping and according to the latest report from the Association of British Insurers (ABI) the average premium for a comprehensive policy fell by 8.9% in comparison to last year at a rate of £374 which is £36 less than twelve months ago. The lower rates on the market are attributed to a crackdown on false claims being filed, namely for phony whiplash claims, and due to the fact that drivers are becoming better bargain shoppers when it comes to car insurance. The new quarterly tracker is developed on data collected from the ABI’s 36 members in the UK according to actual insurance premiums paid by drivers on true policies versus other trackers that use quoted data for determination of averages. It therefore reflects what people are already paying for insurance rather than what people would pay if they purchased a newly quoted policy.
The report also revealed that 81% of drivers in the UK bought their current policy after comparing prices. Most used their smartphones, Web sites, and other online means to do their comparison shopping for car insurance. This percentage of comparison shopping is higher than that of comparison shopping reported for energy suppliers (77%) or mobile phone providers (64%).
Experts suggest that those shopping for a new policy or those looking to switch should start with telematics. Telematics car insurance could offer the opportunity for saving on car insurance above and beyond that of standard car insurance. Even young drivers could find savings with telematics.
The current market has more competitive rates available than a year ago and therefore drivers are encouraged to consider shopping for a new policy to find savings that could be waiting for them with a simple switch.
Car insurance is not an inexpensive product. It is a requirement for driving legally on any UK roadway and needs to remain affordable. Car insurance prices have been falling recently, but the years prior were marked with month after month of increase. This made it quite difficult to keep cars on the road, especially when combined with other car related expenses. Not only is it important for drivers to constantly be aware of car insurance cost within the market, but especially around renewal time.
Renewal time could be referred to as opportunity time for drivers. It is a time which most drivers take for granted and do not open their eyes to the opportunity before them. Car insurance renewal time can be used to not only research other types of car insurance, but also to discover other types of cover and variations of cover available.
A new type of car insurance which is turning heads across the UK is known as telematics pay as you drive car insurance. It is aiding drivers in the hunt for car insurance which aids in the effort of helping drivers with the cost of car insurance.
Telematics car insurance is being called revolutionary by drivers who have been covered with traditional car insurance for decades. It is however to able to be taken advantage of if drivers do not take advantage of times like renewal time. Telematics potentially has the ability to save money as well as help drivers become better drivers.
Drivers must be aware of the car insurance market in order to take advantage of opportunities available, especially at renewal time.
Drivers searching for car insurance now have an option. The car insurance industry is going through a change which is revolutionary. Drivers are now free to choose cover which provides a car insurance choice worthy of drivers looking for a product which acts in quite a proactive way. No longer will drivers be paying for a car insurance which only provides support in the event of a car crash.
The hands of drivers are now being untied. A new product known as telematics pay as you drive car insurance is making the choice of car insurance an easy one. Telematics is making it possible for drivers to have a choice. They are able to purchase a policy which makes it possible to potentially save money and become a better driver at the same time. The freedom contained in telematics car insurance is changing the view of car insurance forever.
Telematics car insurance is enabling drivers to be more aware of safety like never before. Drivers are made aware of the performance of how they drive due to the device located on or near the dashboard of the insured car. This small device is installed in the interior of the insured car in about an hour. It monitors driving habits like speed, acceleration, braking and more. It even notes the types of roads the car is traveling on.
Telematics car insurance is making it possible for drivers to view car insurance in a way never thought of. Drivers no longer have to feel tied down or permanently attached to their cover. Telematics car insurance makes it possible for drivers to pay for the miles they will use and then top up when they are close to expiring. Telematics car insurance can be found online at any time.
Car insurance providers have been competing for the attention of drivers. The ability to shop online for car insurance has fostered an environment where consumers are better equipped and skilled to seek out cheaper pricing on policies. To keep customers and gain new ones, providers have pushed pricing lower. The benefit is that drivers are being offered some of the best car insurance pricing seen in the past year.
Telematics car insurance is suggested by experts to those seeking to make a switch. The product offers the ability for a driver to have an impact on the premium cost they pay. With the use of a high tech GPS unit installed into the car, a provider can gather data on the driver’s habits while behind the wheel. Safe driving will gain lower risk coverage rates. This is an opportunity that standard car insurance does not offer.
While the goal of shopping around for car insurance is to find the most affordable rate, drivers should not set aside quality coverage as a criterion. Reviewing current coverage needs is suggested and then seeking quality coverage at the most affordable cost rather than just seeking the cheapest car insurance policy. Car insurance is meant to offer a safety net in the event of an accident so the driver can get back onto the road quickly and without hardship. Only by seeking out the best matched coverage will the driver have peace of mind that an unexpected event will not become more stressful due to lacking insurance.
Quality and affordability can be found together in one policy. Shopping around online will offer quick access to finding the right coverage and in today’s competitive car insurance market it will likely offer the ability to save.
Car insurance has earned a consistent reputation through the years. Drivers have reached a point over time of relying on car cover for those times when they find themselves involved in a car crash or some other similar event. Few other types of consumer products have come to a point of being counted on as much as car insurance. Even though car insurance has earned a reliable reputation, it falls short of being a proactive type product when a claim is not involved.
Now however, car insurance has changed and the industry will never be the same. It has evolved into a product which is a product of progressive thinking. This progressive way of thinking has led the market to offer a product which has never been offered before. It is known as telematics pay as you drive car insurance and it is growing in popularity by the month.
Telematics car insurance is a car cover which is unique to all other types of car cover. It relies on technology to provide drivers benefits which have never been available to this point.
Telematics car insurance is not only a sign of progressive thinking but also a peak into the future of car insurance. Policies which offer drivers traditional features and no cost saving measures are being called old fashioned and old style.
Progressive thinking is redefining the car insurance industry and the latest product is proof of that. Telematics car insurance is able to be purchased and researched online at any time.
One thing unites all drivers above anything else on any UK roadway. The one thing which is a common denominator among all drivers aside from a driver licence is car insurance. This has been true for years. It has been not only what unites all drivers who drive legally, but also the talk within the walls of many office buildings next to water coolers. Every driver wants to figure out how to pay less for car insurance.
The answer for drivers could potentially be directly in front of them now. It could be in the form of a new type of car insurance known as telematics pay as you drive car insurance. This is a new type of cover which is uniting safety with all drivers.
Telematics car insurance is a new type of car insurance which was originally developed with safety and saving money in mind. It has been on the market a short time but within that time it has grown in popularity. Drivers who obtain a telematics car insurance policy quickly understand the benefits which can be realised through the new type of cover.
Telematics car insurance is able to unite drivers with safety due to the technology which is involved with telematics. A small device is installed in the insured car on or near the dashboard. This device monitors driving habits like braking, cornering and acceleration. Drivers demonstrating safe habits which are collected on the small device earn valuable rewards presented to them by insurers.
These rewards are presented to drivers in the form of discounts to future monthly insurance costs. Telematics car insurance is truly uniting all drivers with safety.
Car insurance has never been guilty of using or involving high technology type equipment for cover. For years, it has been a mundane type consumer product. Drivers are quite understanding of what car insurance will do for them once they have purchased it and what it will not be doing for them. Expectations of what occurs following a car crash are understood. Typically, support and financial assistance will be provided by an insurer after a car crash and the driver has made a claim.
Now, times have changed. A new type of car insurance is available which is revolutionising the market and turning the heads of drivers all over the UK. It is known as telematics pay as you drive car insurance and the industry will never be the same.
Telematics car insurance is the first car cover of its kind. It involves high tech equipment, although it remains quite user friendly for drivers who acquire it. A small device is at the center of telematics car insurance. This small device is known as a POD or personal optimisation device.
This device is what makes telematics car insurance possible. It performs functions which have never been possible associated with car insurance. It monitors driving habits like acceleration, braking and cornering, as well as many other habits. Drivers can now prove they are able to handle a car with safety. This makes it possible to qualify for rewards the insurer presents to them after demonstrating safe handling of a car.
Telematics car insurance is the first cover to utilise a personal optimisation device. This device is making it possible for drivers to prove they can handle a car safely and then qualify for monthly insurance savings.