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GAP insurance

Saturday, August 28th, 2010

GAP or guaranteed asset protection insurance covers the shortfall between value of a car and what you owe on it. It is usefull if your car is stolen or have to be scrapped while the owner is still making payments.

Example

Theory can be bit tricky,so to cut long story short,see the following example that will highlight significance and role of GAP insurance.
You buy a new car for £20,000.
Down payment £500
Monthly payment £350

Six months after this your car i involved in an acident and declared a complete write off.By now you still owe £17,400 but your insurers pay you at market value a sum of £16,500. In thiis scenario there is a short fall of £1,100 which comes out of your pocket unless you have got GAP insurance.Most people take a comprehensive policy and sleep in peace till a contingency happens shattering their dreams.Remember insurers pay you only market value of your car and left you facing financial consequences of the difference between market value and amount you owe.So here comes GAP insurance comes into play to save you from any financial loss.


WHO SHOULD GET GAP INSURANCE?

1 Gap insurance for buyers

GAP insurance for buyers is extremely important if they owe more then value of car or if you make a low down payment,if you buy a high value new car ( as they depreciate in value more swiftly) and so they need Gap insurance cover to save them in case of any eventuality.

2 Gap insurance for lessors

In the case of a lease, although you don’t own car straight away, but still lesse will be responsible if it is stolen or written off. Because lease down payment and monthly installments are significantly lower as compared to total value of the car so leasing company can even demand to have Gap insurance as a must before finalising lease agreement.

For further illustration and more feedback of guaranteed asset protection by HMRC,check out this direct link to their website on www.hmrc.gov.uk.



How to get cheap GAP insurance

Most of the times, car dealers try to sell it which is usually a rip off.As they sell you while you are in a showroom,they will make you to accept any quote.To save you from this hassle,we have partnered with cheapest GAP insurance provider of the UK.They give you following peace of mind guarantee.

“Ala.co.uk insurance brokers supply probably the cheapest GAP Insurance online in the UK and up to 75% cheaper than any dealer quotation.

If, however, you are able to find cheaper GAP Insurance elsewhere for a comparable product, we guarantee to beat the price by 20% of the difference!

Please be assured that by being the cheapest, in any way means we supply an inferior product;
* All our policies are underwritten by a UK insurance company
* All claims settled within 48 hours of the vehicle being declared a Total Loss
* All our policies are covered under the FSA Compensation Scheme
* A number of leading UK companies use our system, e.g. Autotrader and JCB Insurance amongst 120+ other brokers and dealers”

TO apply for GAP insurance for car,van,motorcycle,scooter or for company fleets click HERE.

To see contact details of 14 UK insurers e.g. comparison sites,online brokers and other insurance companies click HERE.

To search for breakdown cover to find out best deal at best price and check from these 9 providers,click HERE.

We have detailed information on CAR BUYING and CAR MAINTAINING (explains you everything about MOT,how to reduce premiums with insight of how insurers quote you premiums,car servicing and maintainence tips etc.etc.) other then some general posts like cheap shopping tips and hotlinks to discounted pages on AMAZON.

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Get Cheap Breakdown Insurance Policy

Monday, August 23rd, 2010

A huge number of British population is paying more than what is a reasonable price for roadside assistance.When we say huge means almost majority.Simplest reason is that we stay with one provider for years and years or we are not aware of all those companies which are in market.
Breakdown cover works in 2 different ways.
1- Automatic service when there is a problem, you call firm, and they send their patrols and sort it out.
2- Pay and claim when a customer calls insurers, they utilize a local recovery firm of their own or your choice. You then pay for any work and later send in receipts to claim money back.

As a matter of fact automatic service companies are more convenient. But you should consider two points while deciding suitability of a policy.
1- How often will you use it:-
If you are driving a car which is in constant need of care, then you should select for automatic service policy.
2- Sending in your receipts:-
If you are forgetful kind of person, then avoid pay and display.
You will be happy to know that there are many cheap policies to an extent that even a European cover is available under £60.

Some born-with skeptical brains usually question significance of having a breakdown insurance policy,it may be because they don’t understand importance of time or peace of mind.Ask anyone who get stuck on some motorway or had to spend hours and hours trying to figure out why his beloved ride refused to carry him away where he was heading for!! Some time ago i have read a cute poem on cars and importance of their proper working.I have written that in my diary and it is….

A car is a car
If it can ride you nearby or far
A car is a car
When it gets you in time to the bar
A car is a car
When you are addressed as Madam or Sir
But for some
A car is not just a car
It is a home
After a daylight roam
It is a home
After a nightly roam
Kind of like a homelessness
Reoccurring syndrome
Now give me any banger of a car
I’ll give it hotly showers of a sauna
Play sweet tunes to it from a guitar
By the time you watch me stand by it
And pose with an exotic cigar
Waiting to take you out to dinar
You may even prefer it to a modernised engine
You see, to me
A car is just a car
Be it in a new silver shining coat
Or one decorated with tarnished scars
The simple reality
Is they all have similar
Passenger capacity
Whether be it a personalised 8 seater stretch limousine
Or a Ferrari with an exploding roaring engine
A car is a car
A vehicle of motion
A medium of transportation
Even when it shows signs of erosion
As long as it can move from junction to junction
I personally sanction
A car is just a car

I read these lyrics sometime ago and as I struggle to write something striking on cars breakdown, this poem flashed again in my brain. Every time I think of anything to write on this topic, I get overwhelmed by beauty of these lyrics. Well a car is a car if it takes you nearby or far otherwise you will need something erm like breakdown recovery.It’s not about snowfall or other natural disasters but your car just like any machinery can breakdown at any time. But the worst scenario is, it normally lets you down at time when most needed. These are the moments when real heroes arrive if you have pre-arranged.For sure we are providing you again the most comprehensive list of breakdown recovery providers and when we mention name of any company,we make sure that only well-repute companies are listed on these pages.

As mentioned so many times in other posts, our word of wisdom is again the same magic word “COMPARE”. Compare policies and providers on vis-à-vis basis which means that compare the same cover for best prices. It is also important that you get breakdown cover from well reputed companies. End of the day you won’t like to be let down by your insurers. As you have seen that we partner with best companies only and so introduce them to our site visitors with belief that they will offer you best value for the money.So have a look at these companies.We can proudly claim that we have highest number of companies,comparison sites and brokers given on this page to give you almost full coverage of breakdown insurer’s market.

2-ASDA finance offers one of the cheapest breakdown insurance policy,get one Here

2-AA No introduction required,just apply here

3-RAC Another well-known name as you may have seen their salesman in your local high street,join them HERE

4-AUTONATIONAL RESCUE Join them online for £30 and also get extra 3 months,apply to join them HERE

5-INSURANCE CHOICE IC An all rounder company when it comes to insurance of any nature,check their breakdown recovery insurance quote here


COMPARE THE COMPARISON SITES

You can check these comparison sites for instant quotes from lot of providers without getting hassle of filling out separate forms.Also compare these comparison sites to find out best deals.

7-QUOTEZONE Try this comparison site also for quick quote from multiple providers of breakdown recovery by clicking ,here

8-COMPARE THE MARKET A must which tells you to compare the market,get their


FREE BREAKDOWN RECOVERY

E-car or e-group is providing free breakdown recovery to all those customers who take a pay monthly or pay annually car insurance policy.It is subject to certain conditions e.g you car should be less then 8 year old,driver is more then 21 years old and it covers anywhere in UK,Northern Ireland,Isle of Man and Channel islands.It gives you roadside repairs,home breakdown,vehicle recovery and getting to your destination.Apply for their quote by clicking on following banner.Always compare their quote considering free breakdown recovery if you are eligible.

Car insurance from eCar

Don’t forget to read our other useful pages e.g. MOT,to find out everything about MOT,how to avoid failing MOT, retest fees and finding a cheap, reliable MOT test centre near your home run by your local councils.

Warranty,to find out about warranty and how to get one.
Amazon treasure hunting and cheap shopping tips, we have given hotlinks to most popular categories on Amazon.
Cheap car insurance to find out best policies and deals plus you get a brief introduction of best offers and companies in market.

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If Your Insurer gets bust

Monday, August 2nd, 2010

Insurance providers are covered by government backed scheme called Financial Services Compensation Scheme (FSCS).Just for your information, this scheme covers banks also.

So in case your insurer (or bank) goes bust then FSCS will try and find another provider to take over or issue a substitute policy.FSCS will even ensure that you are covered, even if there is an ongoing claim or looking to make a claim.

FSCS covers you in two ways: -

CONTINUITY FSCS will find another provider to “maintain continuity”. In case of bankruptcy FSCS will ask another provider to take over for the protection of busted company’s customers rights. So practically you will be getting same service in normal way.

Refund If FSCS is unable to transfer your policy then you will be given certain time to take alternative policy and any money you have paid will be refunded as compensation. Percentage of refund also depends on what sort of policy you have taken. If you have paid in lieu of compulsory policy like car insurance then you are entitled for 100% refund but in case of optional or non compulsory policies e.g. travel or pet insurance you will get 100% of first 2000 pounds then 90% of whatever you paid.

To apply for cheap car insurance or to see esclusive comparison sites,online brokers and insurance companies,click HERE.

Don’t forget to read our other useful pages e.g MOT,to find out everything about MOT,how to avoid failing MOT, retest fees and finding a cheap,reliable MOT test centre near your home run by your local councils.
Warranty,to find out best policies.
Amazon treasure hunting and cheap shopping tips.
Breakdown cover,to find out best policies and deals.

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GET CHEAPEST CAR INSURANCE

Sunday, August 1st, 2010


GUARANTEED CHEAPEST CAR INSURANCE IN UK


Cheapest car insurance is dream of every motorist, which is very much achievable nowadays, thanks to Internet. In present day scenario when jobs are at risk, public sector is definitely doomed to loose thousands of jobs in coming times and car insurers are issuing warnings after warnings of increased premiums then naturally everyone wants to search around for cheapest possible car insurance to save some money for rainy days. A huge population in UK is paying too much for car insurance. As cheapest is just a relative term to say that you get best deal from all or most of the car insurers, we have given links and introduction of some major players from list of car insurance companies in UK. So after getting quotations from all of them you will have this peace of mind that there can’t be a better offer other then what these car insurers have quoted. One of the most important ways to find cheapest car insurance is by submitting your details as many as possible car insurance companies which include comparison sites, insurance brokers, motoring friendly societies other then car insurers and to see what they offer. We hope that by now you have a good understanding of how to reduce your risk profile to create a good sketch of you as a reliable driver, owner and individual.


CAR INSURANCE IN UK

Back in the days if you remember your insurance is renewed after a letter or a phone call from your existing insurer; people stay loyal with their insurers for life. No harm to be loyal with your old insurance company but never ever let this loyalty stopping you from checking other car insurance companies or ever your old one as a new customer. You may get some surprises, as loyalty is not always rewarding, many people have already found this bitter truth. A very good starting point is your existing insurer and checks their quote to compare with other companies. Remember don’t agree to buy it straightaway from your existing insurer, instead ask them to send you a written or email quote. This is very important so you have something to compare with. Thanks to Internet and widespread availability of computers along with a better awareness of consumers have helped ordinary people like you to find best bargains and so applies when you have to look for cheapest car insurance. Buying online car insurance has many plus points of which most significant is online discount. Nowadays many companies give you incentive for using their online system, so use it for your benefit and keep in touch here as we will update this page with any special offers and promotions.

Before you read further and start applying to find cheap car insurance, make sure you have all your personal, car and bank details handy. Your personal details mean your address details; any driving and non-driving convictions, any claims and your driving license history. Your car details include make and model, engine size, any modifications and whether that’s an import or locally manufactured. You will need your bank details if you are happy with any quote then buy it straightaway.

Remember to compare all quotes on a vis-à-vis basis, which means that compare all quotes for the same features. If there is something of significant priority then make sure that’s included in the package. For example if you must need a courtesy car then tick the option of a courtesy car in case of any emergency. But for some people it can be of low priority as they got additional car. Some people travel a lot by car to other EU countries so they should look out for EU coverage.


CAR INSURANCE COMPARISON

Comparison sites for car insurance have become another huge sensation in last few years, thanks to Internet. Car insurance in UK has dramatically moved to computer in line with other Internet shopping and is on rise. Comparison sites are performing job of a high street broker in a far better way and net-based insurance policies have outnumbered over-the-phone sold policies. Some of them have strong coverage of UK car insurance companies for example GOCOMPARE alone cover almost 61% of car insurance companies, one of the highest in UK.

Comparison sites have developed strong loyalty in their users thanks to huge initial savings, which everyone made, and word of mouth along with strong advertisement build up their reputation, which spread like jungle fire. These sites work on very simple principles, good advertising for getting online visitors, taking their details, submitting to different service or product providers and finally serving you their quotes. They make their money either on per lead or per sale basis. Hope it answers your query if you have been wondering how comparison sites make money? As they work with partners who are their chosen car insurance companies in UK, they will pass your details to them and whatever quote they respond to them will be shown to you in no matter of time. You don’t have to compile your own list of all car insurance companies and submit one after another, time consuming indeed. Using these comparison sites prudently can definitely help you in finding cheapest car insurance online.

Whenever you use comparison sites, always remember they are commercial companies with primary objective of making money. They are not here for charity reasons, for sure. With obvious reasons their advertising and marketing is targeted in retaining existing customers plus expanding their customer base also. Some leading media has published stories and investigative reports raising questions on claimed coverage of these sites. These media reports claim that quotes can have a difference of up to 48%. So the best strategy to avoid overpaying is comparing these comparison sites with each other and also with online brokers and couple of individual companies. Once you have done all research at least you will have the satisfaction that you have covered whole UK market.


CAR INSURANCE COMPANIES

We have proudly presented you a balanced choice of 12 insurers comprising of comparison sites, insurance brokers and companies. End of the day finding cheapest car insurance is a serious business and so deserves your attention. Funny advertisements are meant to laugh and not to follow whatever they say, definitely not blindly. Remember life is all about choices; enjoy an ample choice of car insurers here. Let car insurance companies to compete for your business by offering you cheapest possible quote.

Submitting your details to all companies given here will approximately take about 1 hour (average of 5 minutes per company), but remember it’s worth your effort. Rising insurance premiums in last few years are a huge dent to every motorist’s pocket.

Just think of savings (only confused.com claims to be saving £215 on average). Make sure to compare all comparison sites given along with these hand picked websites. As recently been reported that insurance premiums have risen 11.5% in last 3 months 0f April-May-June 2010.So try to beat these huge insurance crocodiles in their own pond.

When it comes to getting quotes, start from your existing insurer and then start from checking comparison sites plus few individual companies.

1 Confused.com

Confused.com needs no introduction. They submit your details to 84 insurance providers and it’s a great to start your campaign from them.
To apply for an insurance quote, click here to compare car insurers.

2 Go compare

When you want a quote from a huge pool of insurance companies there is no rival, as they submit your details to 120 insurance companies. To get a quote for your car click here to cheap car insurance.
Not only good for car insurance but also great for motorbike and van insurance, to apply for motorbike insurance visit here to get cheap quote and to apply for van insurance click here.

3 ASDA Finance

ASDA is not a retailer of bread and butter only but also offers some great products. Their special product is an online deal for car insurance, which is managed online only and offers you exclusive discounts, to apply for ASDA insurance click here to find cheapest car insurance.

To apply for travel insurance click here.

4 Endsleigh

If you are looking for a specialist cover like short term car insurance, company car insurance, classic car insurance, imported car insurance, modified car insurance, young drivers car insurance, over 50s car insurance other then a standard car insurance click here to find cheapest car insurance.

5 Quotezone

Quotezone is most comprehensive and one stop shop if you are looking for car, van, home, bike, travel, pet, caravan, motor home, life, camper van and breakdown cover. Quotezone is new and fresh name and well known for their great service. At least compare them for life and car insurance products to see how competitive they are. Click to compare car insurance.

6 Compare the Market

Another leading comparison site compare the market; check out by getting a competitive Car Quote .

7 More than

More than has abundance of insurance products, check their

8 Quotelinedirect

Another insurance broker with a difference, they offer you policies for car, van, home and landlord. Check their policies by getting a quote for cheaper car insurance here.

9 AA

Is there anyone in UK who hasn’t heard about AA.With a huge exposure to motoring world, AA is one the most respected name, see if they can offer you cheap car insurance

10 John Lewis car insurance

Make sure you get car insurance quote from this company owned by UK’s best departmental store. Click to get their quote for car insurance.

11 Insurance choice IC

IC has the maximum choice when it comes to any type of insurance, challenge their specialty, and get their quote here..

As you may have noticed by now that all companies listed here are standard mix up of comparison sites, insurance brokers and individual companies. Usually you buy insurance for the whole year so spending couple of hours can be the wisest thing if you are really serious saving some money, but nowadays who can afford not to be!

Wish you best of luck and if you get what you were looking for then don’t hesitate telling your friends about us.

If there is any specific company or information you are looking for, use Google search engine below.

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Car Insurance, Myths And Facts

Saturday, March 20th, 2010

BASICS OF CAR INSURANCE

Insurance premiums are paid to insurance companies to offset any untoward loss. So premiums can be explained as guaranteed and known small loss by policy holder to prevent a huge financial or non financial loss. Companies charge you in case of any contingency.

When companies take your details they measure level of risk your profile poses, which depends on many factors to mention a few.
a) Age and Gender, e.g. 18 to 25 are highest risks, while 50- 65 years old are safest, so women are assumed to be safe drivers.
b) Car specification-cars are classed into different groups and so accordingly measured against risks.
c) No. of claims you have in any particular years, companies usually want to know your record of making claims in 3 or 5 years
d) Any criminal record or motoring convictions.
e) Area where you live, areas have different measures depending on number of claims made from local population.
f) Personal details, whether you are single or married, tenant or homeowner etc. (Married person pays less).
g) Credit ratings.
h) Use of vehicle. Will you use your car for leisure or domestic use or will have any commercial use.
i) Average miles per year. Lesser mileage can earn you smaller premium quotes.
j) How old is your driving license. It can be useful if you have no claims discount.
k) How many cars you have or how many people drive your car, if you have access to multiple cars like a company car or any other family owned car then it impacts your policy.
l) Any security or car protection devices. They are very likely to reduce your premiums like Thatcham.
m) Job, very important as companies make a database of claims made by different individuals and classifies them with specific occupations and it impacts your premiums if you work in same industry or profession.


You can expect any insurer or their brokers asking you more or less same questions focussing on above given points or may be adding few other questions. Insurers try to make a picture of you but their appraisal of facts can be different so you get different quotes.

Read further to find out how to get cheap car insurance click HERE.

To apply for cheap car insurance or to see exclusive comparison sites,online brokers and insurance companies,click HERE.

Don’t forget to read our other useful pages e.g MOT,to find out everything about MOT,how to avoid failing MOT, retest fees and finding a cheap,reliable MOT test centre near your home run by your local councils.
Warranty,to find out best policies.
Amazon treasure hunting and cheap shopping tips.
Breakdown cover,to find out best policies and deals.
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