Private Car Insurance

Motor Insurance

Basically there are three levels of cover available

Third Party

This is the basic form of motor insurance that covers claims made upon you for damage to other person’s vehicles or property, including injury.

Third Party Fire & Theft

In addition to the Third Party Cover above, this policy provides cover for your own vehicle for damage caused by fire, theft or attempted theft.

Comprehensive

This is the widest cover available. As well as the items above, it covers damage caused to your own vehicle (subject to policy limits), irrespective of blame. More importantly, your insurers will deal with the claim and take away some of the hassle associated with the claim. The policy would usually extend to cover broken glass, personal effects, tools, rugs, CD’s, tapes etc. carried in the car. (Some of the ‘direct dial’ types exclude these additional benefits)

Why do premiums vary so much?

Premiums vary considerably between insurers. One reason is that different insurers offer better terms to particular age groups, occupations, vehicle types and geographical locations. This is often influenced by their claims experience.

What determines the cost of the insurance?

There are many factors that determine the eventual cost. The main one is the claims experience; i.e., the more an insurer has paid out for claims, the more they will have to recoup in premiums. Other factors are the age and occupation of the drivers, the type of vehicle, the garaging and security arrangements, and the use of the vehicle.

Will it be cheaper if I go direct to an insurer?

Occasionally savings can be made. However, many insurers quote the same rate to direct customers as they do via brokers. The commission that would have been paid to the broker is retained to pay for the staff that operate their telesales operation and the advertising budget.

Should I try a broker?

Brokers vary considerably. There are small brokers that give very good service, but usually have a limited choice. There are larger brokers with a wide range of companies to quote from, but they often employ staff with no insurance experience, who simply input your data and quote the cheapest premium that appears on their screen. Very often, a few extra pounds could buy a far superior policy with many more benefits. We feel you should be given a choice, and the opportunity to discuss the choices with experienced staff.

Can I buy online and pay no commission?

Sure you can buy online now. But be wary of the slogans that boast no commission. We all know that nobody works for free, and many of these elaborate web sites are expensive to set up. Somebody has to pay for them. Most insurers will pay some form of commission to the site operator. The cost will ultimately be borne by you, the consumer

So why try Todd Price?

We promise to give you value for money. In this world, you generally get what you pay for. We are not always the cheapest, but aim to offer the best value for money. We have a wide range of contracts available from all the leading insurers, from the most comprehensive to the more basic. All of our staff have experience, and can discuss your requirements with you and match the right policy to suit your circumstances. We operate from various locations and can be contacted by phone, fax, email, internet. You can even walk in and buy over the counter – face to face.
You can’t get more direct than that – eh?
The premium we quote you is the premium you will pay – whichever method you choose. So why not try us, you have nothing to lose, maybe much to save, and we will not compromise on Service.

Should you have cause to complain, and you are not satisfied with our response to your complaint, you may be able to refer it to the Financial Ombudsman Service, which can be contacted as follows: The Financial Ombudsman Service Exchange Tower, London, E14 9SR Tel: 0800 023 4567 or 0300 123 9 123 | http://www.financial-ombudsman.org.uk Consumers wishing to complain about a policy purchased from us online, can register the complaint using the Online Dispute Resolution platform (ODR) at https://ec.europa.eu/consumers/odr