How Comprehensive is Cheap Car Insurance

With car insurance being a legal requirement for British road users, it’s common for motorists to view it as a chore that’s best taken care of quickly and without too much thought. However, settling for an insurance policy just because it’s the cheapest one available can often be detrimental, and will be a source of regret if you’re involved in road accidents or other situations that you only realise too late are not covered by your policy. .

That’s not to say that cheap car insurance is always a bad thing, as there are many low-cost policies offering a wealth of features and options when you shop around. However, generally speaking you’ll get what you pay for with car insurance – and spending a little extra each month for greater coverage could prove invaluable in the long run, potentially saving you thousands of pounds if you’re involved in collisions or your vehicle is stolen, compared to drivers without cover.

If your car insurance is due for renewal, it therefore makes financial sense to compare a number of policies before making your decision – as sticking with your current insurer out of a sense of loyalty could be a big mistake, if their competitors are offering a better deal. Most standard car insurance policies will cover you against loss, damage and theft of your vehicle, and even if you do settle for a basic insurance policy to begin with, you’ll usually be able to add optional extras or upgrade to a premium service during your insurance term.

One such extra is breakdown insurance, which won’t be included in many cheap car insurance policies, but can be a wise investment – especially if you’re likely to be travelling in unfamiliar or remote areas. You can also extend your breakdown cover to include breakdowns and accidents abroad.

Even if you choose a premium insurance policy, there are several ways you may be able to reduce your rates. Signing up online rather than over the phone often yields discounts of as much as 10 per cent, while paying in a lump sum rather than by monthly direct debit could also prove cheaper. You should also consider the factors that influence your car insurance rate, many of which are within your power to change – such as swapping your high-powered vehicle for a safer option, or installing security devices to reduce the risk of theft and break-ins.

The author of this article is a part of a digital blogging team who work with brands like Confused.com. The content contained in this article is for information purposes only and should not be used to make any financial decisions.

Bankruptcy Car Loan Lenders May Be Found Through An Auto Broker

An auto broker may be a good source to find bankruptcy car loan lenders. A bankruptcy car loan may be obtained easier through a special finance department at the dealership. Car brokers often have a department with salespeople who specialize in helping those that have been through a bankruptcy.

Those that have recently filed bankruptcy and carry this mark on their credit report are considered high risk borrowers. Not all lenders will work with those who have been through a bankruptcy.

Lets further explore how a car broker may be able to find a lender who will loan you the money for a new vehicle.

If the auto broker has a department specific to special financial requests, they have built up relationships with different lenders that will work with those that have less than perfect credit. This provides an opportunity for the salesperson to find you the best possible terms on your special financing loan. And this can save you money.

As well as finding a bankruptcy car loan lender, the broker may find you the perfect used car for you. An auto broker uses many resources such as auto auctions and online resources as well as trade in vehicles to locate quality used cars.

A quality used car could be described as a one previous owner vehicle with between 25,000 and 35,000 miles on it. Typically these cars will only be one or two years old.

In fact, many times you can have the auto broker search for the specific make and model you are looking for, including the exact color you want. How cool is that? That is called customer service!

And with most auto brokers this is simply the beginning of the customer service they provide. This is because with must auto brokers the salesperson is interested in what you need and want rather than simply making the sale today. They work for you, plain and simple.

Because the representative is not interested in making a sale today they will pay attention to other important factors of true customer service. You most likely will feel welcome and compassion from the person you are working with. There is less of a chance that you will be stuck in an office and ignored as you may find with a traditional car dealership. Again, this is because the broker is working for you with your best interest at heart.

If you are in the market for bankruptcy car loan lenders an auto broker may be a very wise choice for you. If you find a quality auto broker dealership you will receive the service you deserve, the compassion you need to feel confident and a great vehicle at a fair price.