Car insurance is generally termed as motor insurance, people around the globe tend to insure their property to protect it from any kind of miss happening. In almost every country driving a un insured vehicle is a crime, but driving without insurance is a huge criminal offense in Ireland, carrying maximum fines of up to 2,500 as well as disqualification from driving for one year on the first offense, and over two years in subsequent offenses. Everyone should insure their property not for themselves but for their loved ones safety. I we talk globally people around the world spent at an average $800 on their annual insurance premiums. Apart from that most people wont know the basics related to car insurance.
Car insurance is not a small topic, its a huge field with varied dimensions, but proper knowledge of acquired insurance policy is as important as to buy it. There are generally four types of basic covers which protect you car as well as your life. First type and the most common type of cover is Compulsory third party green slip cover. This insurance cover is generally known as CTP Green slips, which provide the basic cover for someone if your vehicle is involves in the accident. It is the most basic form of car insurance cover which protects the owner and the driver of the vehicle from any type of legal penalty for severe injury to the other party. It is a compulsory cover every car owner. The second type of insurance cover is car insurance with third party only cover. This is the most avoided type of insurance cover because it only covers the other people. Like if you hit someones car and both the car damaged this insurance will only pay for the damage of the third party. It wont cover your poor driving faults, in case you prove that you are not the defaulter then you will have the right to claim for insurance. Third type of cover in this list is car insurance with third party, fire and theft cover. This policy basically covers the loss related to theft or fire to your car, in addition it also covers the damage caused by your car to other people's property in case of fire. Attempted and planned theft of vehicle is never been appreciated by insurance companies, they did not provide single cover for attempted theft. Apart from these fourth and the most important type of cover is car insurance full comprehensive cover. This is the first choice for most of the peoples when it comes to insurance cover, especially with new vehicles. Comprehensive cover provides you insurance for the accidental damage, malicious damage, theft, fire or even storm. Some big brands like Aviva and Zurich insurance car insurance provide extra cover on your car if your vehicle is luxury. They even cover your cars sunroof and hi-fi stereo system. Depending on the value of your car this cover is certainly the best among all, even though to buy it you have to pay a little extra but it gives you the total piece of mind. I would definitely suggest this insurance cover to the people who love their vehicle or buy a newer one. At the same time those who drive old cars, they might found it wastage of money but I am telling you its a total worth.
So no matter what car you choose and what insurance policy you have your past driving experience is always the biggest reason which lowers your premium rates. Even a single safety measure helps you to get your rates down. Always wear your seat-belt and drive safe.