If you have been driving for more than just the past few years, then you may have noticed, car insurance has crept upwards and become a huge expense. No matter where you live, the North, South, or some rural village, car insurance has become an expense to be reckoned with.
The insurers and the Association for British Insurers have stated over the years that car insurance has increased, and in some years we have seen a reduction in insurance premiums, but overall, they have gone up.
There are many factors that can influence how much we pay for car insurance, and many may not realise that a person’s credit score, and even their marital status can affect, can have an influence on how much they pay for car insurance.
Some of these factors that influence our car insurance premiums are out of our control. However, there are some things we can do to insure (small pun) that if we do need to make a claim, that claim is honoured and paid.
Insurance companies are in the business of insuring things, and paying claims, valid claims. They do though look at claims with a curious eye, and scrutinise them to make sure the claim is valid and also the insured has been honest in completing the initial insurance application, and also “played by the rules”.
This means the insured has not done anything that may contribute to having or causing an accident or loss, either through negligence or by not disclosing various facts; being dishonest.
However, there are some mistakes we make as drivers, that could cause an issue should we need to make a claim on our insurance later on.
* Using a friend or family member’s address: It may be cheaper to get insurance on a vehicle by using a different address, as some addresses/post codes are cheaper for car insurance than others.
It seems innocent enough, using a friend or family member’s address to get lower insurance premiums.
However, should you need to place a claim, that claim may be denied based on the fact you have provided an incorrect address as to where you live and the car is parked.
At a stretch, this can also carry over to having a garage, and stating the car is stored in the garage, when in fact your garage is used for storage and is full of Christmas decorations, and old clothing.
If your car is vandalised and it is found you do not park the car in the garage, it could be a possible reason to deny the claim.
* Not locking the car: Failure to lock your car should it be vandalised or stolen could invalidate your insurance. You need to take car and protect the car and the contents by locking it.
* Keeping your details current: Just as moving house and not using your current address for your insurance policy could invalidate it, you need to keep all your details current. This includes your job status, marital status, and other details the insurer may have asked about.
* Driving with pets roaming in the car: Many people do this, go for a ride, or a quick errand, and let the dog hop in for the ride. Pets roaming in a car can be dangerous and cause accidents, which could invalidate your insurance policy.
* Underestimating annual mileage: You need to be somewhat accurate in estimating the average number of miles you drive annually. If you state under 6,000 to get a discount, and then drive 10,000 or more each year, this could invalidate your insurance.
* Lending your car to a friend or family member: Letting someone else drive your car, and should they have an accident, may not just invalidate your insurance policy, but the claim could be denied. You need to be sure anyone driving your car is insured under your policy, or you are 100% sure they are covered and protected driving a third party’s car by their own insurance policy.
Insurance companies are in the business of insuring items of value and paying claims, they do however expect us as the insured, to be forthcoming in disclosing facts and answers to their questions, and keep them updated with any changes in our details and life statuses.