Are you also paying too much for your car insurance?
Did you know that a lot of people in the Netherlands drive cars that are not properly insured? Often, people take out car insurance at the moment they’ve just bought their car. After that, they never check their insurance again. That doesn’t necessarily have to be a problem, but it often means people end up paying more for their car insurance than needed. Would you like to know if your business car might be overinsured? Then read this article, where we show you exactly how to get the best insurance for your car.
Look at the age of your company vehicle
Did you insure your company vehicle years ago and haven’t looked at your insurance since? Then there’s a good chance you’re paying more for your car insurance than you have to. Car insurance is categorised by vehicle age. The newer your vehicle, the more comprehensive insurance you should have. Have you got a vehicle up to six years old? Then choose the WA+ Fully Comprehensive policy. This covers you against all mishaps. Is your vehicle between six and ten years old? Then go for the WA+ Limited Comprehensive policy. This lets you get a lot of damage repaired, except for damage caused by an accident you’ve caused yourself. Finally, there’s the basic WA policy for cars older than ten years. This doesn’t cover damage repair, it merely fulfils your legal obligation to have insurance.
Make sure your insurance is (and stays) suitable
If you want to insure your car for business use, make sure to take out insurance that is suitable. So choose a policy that matches the age of your car. It’s also wise to check the additional insurance options. These are not required, but they do offer extras you might benefit from. Take, for example, legal expenses cover for passengers. If you often have people in your car, this policy allows you to claim for any damage suffered by your passengers. You can also opt for the No-Claims Bonus Guarantee. This reduces your monthly premium the longer you drive without making a claim. That way, you’re not only well insured, but you also keep your fixed costs down.
Review your car insurance yearly
A suitable car insurance policy is a relative concept. What was right five years ago, might not be any more. So every year, review your car insurance to see whether you can amend your policy. Check if you want to add extra options, or if some add-ons have become unnecessary. By checking your insurance each year, you ensure you’re always suitably covered. That way, you avoid surprises when you have to make a claim – and you’ll save money as well. The money you save can be invested back into your business.
