Based on a wide range of statistics, we have been able to curate the best car insurance companies in 2022 for anyone desiring to insure their car.
How to Choose the Best Car Insurance Policy
How do you choose the best car insurance policy as a driver in UK?
Car insurance is a vital to have when driving in the UK as it can protect you against all kinds of eventualities.
It’s important that you’re aware of the different types of policies available so you can determine which one is best suited to you.
Follow the tips below on how to choose the best car insurance policy.
Types of Car Insurance Policies
There are three main types of car insurance policies available; each offering different levels of cover depending on your needs.
Third party car insurance is usually the most basic type and therefore generally the most affordable. It is the legal minimum level of car insurance that a car must have; it covers other road users if you damage their property or injure them with your vehicle.
Third party, fire and theft
This type of third-party policy will cover your car if it becomes damaged as a result of fire or theft.
Fully comprehensive car insurance does exactly what it says on the tin; it provides you with the most extensive form of cover.
Related: How to Get Car Insurance Loan in UK
You’ll be covered for things such as damage to your car that is your fault, accidental damage and often cover for driving other people’s cars.
Like with all other types of insurance, car insurance policies don’t offer cover for absolutely everything; therefore you might be expected to purchase some things as optional extra add-ons.
- Legal expenses
- Breakdown cover
- Cover for a courtesy car
- Personal belongings
Compare policy prices, premiums and excess
When it comes to choosing the best car insurance policy, there are numerous things you should take into consideration.
One of those things is to compare prices from many different car insurance providers. While they might all claim to offer you ‘unbeatable quotes’, ‘best prices in the industry’ and a ‘no claims bonus’, it’s important that you conduct thorough research before you make your decision.
Related: How Much Auto Insurance Do I Need?
You should also remember to check the provider’s excess charges, as well as whether you have to pay monthly or annually; each of these factors will determine the cost of what you pay for your car insurance.
Lower your risk
A great way to save on your car insurance and get the best policy possible is by reducing your risk when driving.
This involves ensuring that your car is locked and stowed safely away at night, driving with caution and always abiding by the rules of the road and taking the necessary precautions such as fitting a security alarm in your car.
The safer that your car is deemed to be, the less you’ll have to pay for your car insurance.
Other ways you can lower your risk is by driving a car that’s in a low insurance group, giving accurate readings and details of your annual mileage and driving safely at all times.
Lower the overall price you pay
Car insurance can often be incredibly expensive, but as it’s so important to have, it’s a good idea to be aware of the ways that you can lower the overall price you pay for your policy.
Paying for your car insurance annually as opposed to monthly can dramatically reduce the amount you pay. If you pay in monthly installments, you’ll be expected to pay an interest charge every month, which means you end up paying much more than you should. By paying in one lump sum once a year, you’ll significantly reduce the amount you pay.
You can also pay to protect your no claims bonus if you change car insurance providers; most providers won’t let you do it for free, which means you’ll lose out on it.
The higher your voluntary excess on your car insurance, the lower your premiums will be. As long as you meet the minimum threshold payment of your insurance excess as set out by your provider, you’re usually free to pay as much as you want for your excess.
This is a great way to reduce your premiums, but you should only do so if you’re confident that you’ll be able to meet the excess fee, should you need to make a claim.
How to Check If Your Car Insurance is Valid in California
All drivers in California are under mandatory requirement by law to have car insurance coverage but how do you properly ascertain if car insurance is valid before proceeding to buy the car, hire it or report to the police in the event of an accident or even before involving your car accident attorney?
You may think you don’t need to know about this because you do not wish to get involved in any car accident but what happens when a driver hits your car and runs away? Your saving grace will be if you know exactly how to find out if the car has valid insurance so you can report to the police and get things sorted out in your favour.
In your best interest, whenever you are involved in a car accident, do not leave the scene of the accident before calling the police to file an accident report even if it was the other party that was at fault. This advice is coming from a car accident attorney because they have seen cases where the person at fault filed a claim for damage.
Consequences of Driving without Insurance in California
Driving without insurance in California is an utter violation of California Vehicle Code Section 16020–16033.
First offense: Minimum fine of $100. Additional fees and penalty assessments will result in a total fine of about $450. Second or subsequent offenses can result in fines totalling between $900 and $2,500.
It is important you take time to review the penalty before driving. Though cancelling your auto insurance might help you save some money but the fact that it puts other drivers in danger and increases your chances of “wasting” more money if you are caught makes it even more unrecommended.
How to Verify Auto Insurance Coverage in California
First, to actually prove that you have car insurance coverage when driving within California your insurance company will forward a proof of insurance card listing the covered cars and drivers and showing the policy number and expiration date.
This car insurance policy number and expiration date will help the law enforcement officer to verify your auto insurance coverage. Your policy or a temporary binder also is acceptable evidence of insurance. But however, you will be attracting a hefty fee as charges if you were caught without insurance.
Alternatively, you may want to visit https://www.dmv.ca.gov/wasapp/cisa/index.html to know if a driver that bashed your car also has car insurance coverage as you wait for the police to file your accident report. This DMV insurance inquiry is also what most law enforcement officers use to verify car insurance coverage in California.
Requirement for Car Insurance Coverage in California
In the State of California, you are not qualified to own a duly registered vehicle without car insurance coverage.
Due to the fact that California is not a “no-liability” insurance state, you will not be eligible for car insurance coverage if you don’t have the financial capacity to take care of the financial responsibility.
The rule is that your car can’t be licensed to operate within the State of California if you don’t provide proof of financial ability to pay for damages that might arise due to an accident.
Having the coverage is not enough if you don’t carry it about in your vehicle to provide it when required by a law enforcement agent.
California requires drivers to carry at least the following auto insurance coverages:
- Bodily injury liability coverage: $15,000 per person / $30,000 per accident minimum
- Property damage liability coverage: $5,000 minimum
- Uninsured motorist bodily injury coverage*: $15,000 per person / $30,000 per accident minimum
- Uninsured motorist property damage coverage*: $3,500 minimum
How to Get the Best Car Insurance Quotes at an Affordable Price
Irrespective of the kind of coverage you are looking for, the ability to find the best car insurance quotes at an affordable price in the U.S. is not an easy task. It comes with a lot of stress which you must learn to deal with if truly you want the best car coverage for yourself.
If you get stuck and you are wondering how best to navigate through it so that you don’t waste your resources getting a car insurance quote you won’t be proud of or you will feel ripped off, here’s what you should do.
Know the Exact Insurance Coverage You Need in UK or USA
When it comes to choosing the best car insurance quotes in UK and the United States, there are limits each company’s policies have.
It is your responsibility to check around to be sure what the company is covering is what you really need or can do without.
Check what their policy says in the event of theft and accident to know exactly how much might be leaving your pocket. Don’t just take the words of the insurance agent for it. Go the extra mile to study each term and always query whatever you don’t understand. You are the one that will spend money here.
Make Use of Online Insurance Calculator
After you’ve ascertained the exact insurance coverage you need, the next thing you should do is to search for the best insurance quote with an online calculator. Key in the type of coverage that you need and your ZIP code and the calculator will show you a few questions you must respond to. Based on your answers, a result will be provided for you.
Give Them an Increased Voluntary Excess
When you tell a car insurance company like Hagerty Insurance or Heacock Insurance that you will pay more in claims in the event of a car accident or theft, it reduces what you will pay as an insurance fee.
Interestingly, if it’s certified that you were not at fault, the excess can be recovered to a large extent. However, you must be extremely careful not to allow it to overshoot what you can comfortably handle.
Protect Your Car Using Extra Gadgets to Get 5% Discount
In order to secure your car and possibly spend less on insurance, fitting an approved alarm, immobilizer and tracking device will to a great extent guarantee you a discount of about 5 percent. If what you are insuring is a new car, find out if it came with those gadgets we mentioned above and declare it to your insurance company.
Drive within Fewer Miles and Let Them Install BlackBox
When you sign up for the blackbox policy, it gives the insurer the authority to install a blackbox in your car so that they can monitor your movement from their office. It’s left for you to drive carefully or you will risk losing your money.
Right there in their office, they can get signal concerning when you over speed and accelerate aggressively. The interesting thing about this is that you will get a huge discount on it.
The Best Car Insurance Companies in 2021
Metropolitan Property Casualty Insurance Company
Metropolitan property and casualty insurance company is the subsidiary of the Brighthouse Life Insurance Company formerly known as MetLife Insurance Company based in Connecticut, United States of America.
Metropolitan property and casualty insurance company is a notable provider of property/casualty insurance for automobiles, homeowners and boat insurance.
70% of the premium accounts managed by Metropolitan property and casualty insurance company according to D & B Hoovers go to auto insurance which includes both standard and non-standard policies.
This is not all there is about MetLife Insurance Company. You can find more details about them here.
Amica Mutual Insurance Company
Amica, as they are simply called was established in 1907, and as a result, is believed to be the oldest mutual insurer of automobiles in the United States of America.
Over the years, there are just about two key factors that make Amica so significant among other auto insurance companies, and these are: stellar customer service delivery and strong financial strength.
According to a report made available online by Andy Bowen on The Simple Dollar, Amica was listed as the best overall car insurance company amongst 15 companies that he thoroughly researched.
As of December, 2016, Amica had $5.1 billion worth of assets.
State Farm Mutual Automobile Insurance Company
According to Insurance Journal report, published in 2016, State Farm is considered to be the largest car insurance company in the United States. With a net income of $6.2 billion in 2015, it’s practically impossible for anyone to beat that.
What makes them great is not in the huge income they make but in the excellent service they deliver to their customers. In order to have a prompt response anytime customers need their attention, they built a Pocket Agent Mobile App with which gives you the opportunity to reach out to any of the 18,000 agents across the globe. This is one feature many insurance companies don’t have.
Travelers Home and Marine Insurance Company
Travelers home and Marine Insurance Company is one of the largest business insurers in the United States according to Vault.
The Travelers like it’s fondly called runs their insurance business across three segments: Business and International Insurance, Bond & Specialty Insurance and Personal Insurance.
In 2017, Travelers Home and Marine Insurance Company stated that plans have been concluded to acquire Simply Business, a UK-based online business insurance broker for $490 million.
In the U.S. alone where 95% of their business is concentrated, Travelers have more than 13,000 independent agents and brokers while at the same time establishing modest influence in countries like China, Brazil, Ireland and India.
Progressive America Insurance Company
As far back as 1937, two great men teamed up to start Progressive Mutual Insurance Company. These two men, Joseph Lewis and Jack Green caught this vision to provide vehicle owners with the adequate security and protection needed, hence the emergence of an insurance company.
When it comes to innovation, Progressive America Insurance Company has been taking the lead. They were the first auto insurance company to offer their clients drive-in claims services and also approve that customers are permitted to pay for their premium services in installment.
Did that shock you? Here’s another breathtaking thing you need to know about progressive America Insurance Company…
The intelligence we gathered has it that they were the first insurance company to start online insurance. They did this as far back as 1995 when they set up their own website.
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