Motor car insurance has gone down somewhat in terms of premiums, if the driver has a safe driving record (especially in Ireland). Lots of competition has contributed to this phenomenon.
Though searching for the lowest rate possible is a good idea, the lowest rate is not necessarily offered by the best company, and therefore, should not be taken if the company is not financially strong and independent.
Claims should be satisfied when made and the company should be responsive to consumers queries. The company should be in business at the time of the claim.
Motor car insurance companies in Ireland invest excess funds in safe triple investments. This information can be found through an internet search.
The reason for the investment is to earn extra cash on unused funds and if necessary to use these earning to pay off excess claims, which result from time to time.
Fitch and Standard & Poor’s are two of the rating companies in Ireland, which determine the health of the motor car insurance companies. Find a good ratings agency and go by the brokers they suggest to find some great motor car insurance deals.
When insuring an older car, money can be saved by not getting collision (crash insurance) and comprehensive (fire and theft insurance). The money paid to the individual will be far less than the premiums paid for this insurance coverage for motor car insurance quotes. A new car and certainly one that is financed will need these two coverages in Ireland.
It is cheap to add towing and road service to the motor car insurance policy and it is recommended that it be taken. Make sure the insurance for damage and injury to others is sufficient, or else the deals you are getting won’t end up being deals at all. This is the bodily and property damage portion of the policy, especially bodily injury. To be under insured in this category could put your home at risk in case of a lawsuit.