In the competitive industry of car insurance there has been an increased movement towards benefit competition as opposed to providers solely competing based on the cost of there premiums. As such it is no longer the case that the cheapest car insurance is always the best, as you will see below there are a lot of benefits that you must also weigh up.
One benefit that is being offered by a few insurance providers these days is choice of repairer, this means that should your vehicle suffer loss or damage, and the claim is accepted then the insured party are then able to select the company that will repair the car. This benefit ensures the quality of repair as it is completed by someone you trust or someone who has been recommended to you.
Completion of journey is another useful benefit which is especially important for people who are often travelling over long distances, what this allows is up to a certain dollar amount for the insured to complete their journey in the case that they break down or crash on a long trip and are unable to continue in their original vehicle. This benefit will pay for reasonable cost of accommodation and/or to complete the journey or return home.
The security Alarm benefit is one that seldom comes into use however what it means is that if you have insured a car with an activated security alarm or engine immobiliser then the insurance company will not charge an excess if the vehicle is stolen and the insured party will not lose any no claims bonus that they have if this occurs.
A benefit which has become more relevant in recent years with more and more cars having mobile central locking is the vehicle key benefit. This benefit means that if the insured has reason to believe that someone else holds a copy of their car keys the insurance company will pay up to $500 without excess to have the keys and locks replaced.
All of the benefits outlined above are great however you must remember that they don’t come with all policies, so when looking at getting a new car insurance policy it is important to question the company about benefits.
