Which insurance policy should I choose?

Posted by mustard.co.uk on September 15th, 2015

When it comes to finding car insurance, nobody gets excited.

That’s because it can be difficult, time consuming and expensive to find the right deal.

The aim of mustard.co.uk is to make sure that’s not the case but after we’ve found you lots of different quotes, you still have to pick a policy.

Price or policy?

Most people pick their car insurance policy based purely on price with the cheapest deal usually taking preference.

While we understand that money talks, there are other important factors that should also influence your decision.

Make sure your policy is right for you

Your car insurance policy should give you the level of cover you need and you should be wary of cutting corners in cover to save some money.

For example, there are different things you can do to lower your car insurance premium and one of the easiest is to increase your voluntary excess.

Bumping your voluntary excess up to £1,000 will lower your insurance premium but if in the event of making a claim you can’t afford your excess, then your insurer may not pay out.

You can play around with your voluntary excess but you need to be able to afford it in the event of a claim.

Audi R8 soft top in silver

Be honest

One of the easiest ways to lower your insurance premium is to lie on your policy.

Saying you’ll only drive 1,000 miles, that you park your car in a locked garage overnight and that you never commute will save you money, but if you are found to be lying on your car insurance policy your insurer may not pay out in the event of a claim.

You may have your insurance policy cancelled or your insurer can charge the correct premium (amend the policy to the correct terms) and ask for any additional payments in one lump sum.

This can happen even if your mistake was unintentional, so make sure you check and double-check your policy before signing up.

The solution

The solution to finding the right insurance policy and the most affordable one is to compare insurance quotes with as many providers as you can.

Complete the forms honestly and make sure you:

  • have the right amount of cover for your needs
  • set your voluntary excess at an affordable level, should you need to claim
  • have been accurate about annual mileage and where you park the car overnight

Based on this information we will display insurance quotes that match your needs. It’s at this point that price comes into the decision process.

If you follow these basic principles you should get an insurance policy that’s right for you and your wallet.

Remember it’s important to always check and double-check your policy details before you buy it. If you make a mistake on your policy, whether it’s intentional or not, you will be penalised and that can make getting a policy in future very difficult and often more expensive.