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The Costly Lure Of Free Car Insurance
by Joseph Kenny
Although not a completely stagnant market, selling new motorcars
in the UK these days is hard work. Combating this, one very
successful way that car manufacturers have found to attract new
buyers to the motorcar market in the UK is to offer the first
year's car insurance completely free with the purchase of a new
motorcar.
Wonderful, but before you jump in and buy that new car,
consider this:
- if you are under the age of 25, while the first year of your
motor insurance is going to be completely 'free' (i.e. paid for
as part of a sales gimmick by the car manufacturer), subsequent
years won't be! So, before you buy that brand new SUV, 4x4 or
sports car, you may want to
Cars at up to 90%
off the book value!
enquire what the insurance will cost
you subsequent of year 1 - otherwise you may well find you have
the nicest looking car sitting on a car driveway in your
neighborhood!
- if you are going to buy the car using one of the car
manufacturers' payment hire-purchase payment plans, read the
fine print to see if you are contractually required to use the
same car insurance provider throughout the term of the
hire-purchase period. If so, you may want to reconsider the
value of buying your new car this way as there is a very good
chance you can find cheaper car insurance elsewhere.
- remember that even if you are the perfect driver and have no
accidents or need to call upon the car
Get a free
brand new car!
insurance company's
services, it is going to have no bearing on the insurance quote
for year 2. This is the case because you'll not be credited with
any 'no claims bonus' for that period.
- if you decide to go ahead with the deal, check carefully to
see what the car insurance exclusions are as, in most cases, the
car insurance being provided for the first year is fairly basic
and won't cover you for a number of circumstances and events
that you may automatically have assumed they would.
There is little doubt that the lure of a year's free car
insurance policy as a marketing tool has been extremely
successful, but faced with this and the opportunity to try and
negotiate
some free extras or upgrades with your new motorcar,
you may very well want to consider taking the option of
negotiating for the free extras or upgrades because in the long
run the free motorcar insurance being given to you by your car
salesman is going to be anything but 'free' and will almost
certainly end up costing you far more than if you had arranged
the car insurance yourself online.
About the author:
Joseph Kenny is the webmaster of the insurance site http://www.insure121.com/
where you will find information, news and links to the leading
providers of car
insurance in the UK.
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