Car Insurance Puzzling Drivers

November 27th, 2009

Research was taken out by car insurance company swiftcover.com, to see how many motorists knew what their motor insurance policies included and what exactly they were covered for. The research returned provided some interesting results.

Facts showed that 17% of car insurance customers admitted to never reading their policies, and diving straight in at the deep end. Online car insurance provider swiftcover.com try to solve this issue by providing motorists with useful, broken down information on every little aspect or term that is involved in a policy document.

The first ever online car insurance jargon buster which helps people who are looking for a car insurance quote was produced by swiftcover.com, and helps motorists understand terms from car modifications to voluntary excess, in fact 23% of car owners had no idea what voluntary excess actually meant. Some other facts included; 51% do not know that ‘material fact’ is the information that you give to your insurer that could affect your insurance policy, such as having points on your licence.

Swiftcover’s car insurance jargon buster proved to have helped 46% of motorists, providing them with more detailed information, helping them understand what they are buying and how to receive cheaper car insurance quotes.

Read more information on what car insurance customers were puzzled about when it came to understanding car insurance.

Entry Filed under: research, advice, insurance, covers, cars