A hot hatch is a high performance version of an existing model, designed to appeal to those with a “need for speed”, which usually means young men.
Due to the premium price of the vehicle, most buyers are looking for inexpensive car insurance premiums as well. But what they don’t realize is that many actions you take to save money on insurance can also put you at risk.
Here are 11 common mistakes people make when it comes to their car hot hatch insurance – and if you’re making any of these, it could be time for a rethink.
11. Choosing your vehicle based on price alone
It may be an obvious point but this is the biggest mistake people make when choosing what car to insure.
Doing a little research beforehand can go a long way. Yes, it’s important you’re happy with the look of the car but don’t choose your insurance policy based on that – otherwise you’re likely to face an expensive premium.
A better way to approach the situation is to look around for car insurance quotes for cars that appeal to you and then narrow down your list. That way, you’ll know if the premiums are providing good value before you commit.
10. Failing to declare modifications
If you modify your vehicle, it’s very important you tell your insurer – otherwise, you’re likely to be asked to pay the difference between the price of a standard car and that of your modified hot hatch.
Failing to do this is one of the most common mistakes people make when car insurance shopping for a hot hatch. Not only does it mean paying more for cover, but it could cause problems if your insurer later discovers the modifications.
9. Failing to check what you’re already covered for
If you take out car insurance with the same company that you used previously – even if it’s just a few years ago – don’t automatically assume they’ll offer you exactly the same terms and conditions (or even better ones).
Check what your current policy covers, make a list of the included benefits, and then ring your insurer to see if they can match it. If you’re not offered the same deal by the new company, do some more shopping around for car insurance quotes.
8. Forgetting about road tax
If you have an older vehicle that’s subject to road tax, you’ll need to have a current tax disc displayed on your car at all times. Don’t overlook this important fact when looking for hot hatch insurance quotes – otherwise, it could lead to a hefty surcharge.
Speeding is perhaps the most common cause of accidents on UK roads and as such, it’s common for car insurance providers to charge higher premiums to drivers who do it.
If speeding is a fact of life for you, it may be time to change your habits in order to get cheaper car insurance quotes.
6. Not getting enough no claims discount (NCD)
Every year that you go without making an insurance claim or being involved in a collision, you’re entitled to a discount on future premiums. But how much should you get?
The answer is 10% of the premium at first glance – however, this can go up if your insurer offers discounts for long-term customers. Be sure to ask about this as it can really help lower your costs!
5. Driving a high risk car
If you drive a sports car or an expensive model that’s likely to attract thieves, then your premiums will be higher than someone driving the same model of car that isn’t such a target. If you need to insure an expensive vehicle and want to keep costs down, it would make sense to buy one with lower insurance group ratings.
4. Not choosing the best excess
If you end up in an accident or your car is stolen, it’s unlikely that you’ll be able to foot the bill for all of the costs involved – especially if they end up being significantly higher than your insurer originally thought.
To avoid getting landed with a massive premium hike following an incident, choose the lowest excess possible unless you’re confident in your ability to cover the costs of repairs and replacements.
3. Not getting a tracker device
Having a tracking device fitted in your car can be very handy when it comes to making sure that your insurer is aware of its exact location at all times.
If someone tries to steal your car, having a tracker fitted means you can be alerted immediately and it will make the whole process of dealing with insurance claims much faster – plus it could lead to lower hot hatch car insurance premiums too!
2. Not using your mobile phone while driving
If you’re caught using your mobile phone while driving, even if it’s just making or taking a call, you’ll receive six points on your licence and also be liable for an automatic fine of £200.
If you’re looking to save money on car insurance quotes , bear this in mind because using your mobile phone while driving can lead to surcharges.
1. Failing to compare hot hatch car insurance quotes
Although this should be obvious, far too many people make the mistake of only looking at car insurance quotes from a single provider and not getting any second opinions.
Remember: you can always compare free hot hatch car insurance quotes and leave without making a purchase if you don’t like what you see – because it’s much better than having to pay out for something which you don’t want in the first place!
How much does it cost to insure a hot hatch?
You should be able to get cheap hot hatch insurance quotes if you’ve got an eligible vehicle, good driving record and set your excess at the lowest possible level.
What are the dangers of speeding?
Speeding is common cause of accidents on UK roads, and as such, insurers will charge higher premiums to drivers who do it. If you’re looking to save money on hot hatch car insurance , bear this in mind!
Are car insurance groups important?
They can be, but different insurers will have varying views on particular groups – so it’s always best to compare free hot hatch car insurance quotes!
To Sum Things Up
So, what were your favorite mistakes to avoid in hot hatch car insurance? We’d love to hear from you and see if we missed any! Leave a comment below. And while you’re at it, share this post with a friend who might need some help understanding their policy better too.