Read car insurance policy basics to avoid being fleeced
Posted by Jose Lopez on May 17, 2010 | No Comments »
Car insurance clients are being persuaded to go through the small prints on their car insurance policies to avoid being fleeced. Many car insurance companies are charging hidden charges in policies that drivers are unable to figure out due to their ignorance. Car insurers are doing so to beat the present financial crunch. Aviva car insurance company recently announced a profit of £1.3 billion in 2009 as compared to loss of £885 million in 2008. This has been made possible by increased interest rates and hidden costs charged from drivers.
Drivers on the other hand are complaining about the rising car insurance premiums to consumer organizations. A spokesperson from consumer organization warned the drivers to be more attentive while buying car insurance policies for themselves. By shelling out some time in reading the policy terms and conditions properly, can help you avoid hidden charges.
Look out for different kinds of hidden charges added in your policy. One such hidden cost is paid at the time of policy cancellation. The drivers are charged upto £50 for a month’s premium. Such fees are usually higher for the first time policyholders. Some insurance companies also insist that the drivers who cancel their insurance policies will have to pay these charges due to policy breach.
Insurers usually act smart and hide these charges by using small prints and most of the consumers are befooled. Therefore, it is always better to check the insurance cover thoroughly at the time of buying it. You have to stick with the same insurance company for a long period of one year. So make sure that you read the policy basics and discuss with your insurer to avoid any kinds of hassles at the time of accidents.
Moreover, if you are looking for cheap car insurance covers do not forget to compare them. Check online comparison sites that let you compare car insurance without wasting your time and money.
Compare car insurance with compare.com – the fastest growing comparison website.
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Tags: Avoid Being, Avoid Being Fleeced, Being Fleeced, Fleeced