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There are many ways to finance a new car, each with its own advantages and disadvantages. The most common car finance methods are car loans, hire purchase and car leasing. The main advantage of a car loan is that it allows you to own the car immediately. On the downside, cars are depreciating assets and so you could end up in negative equity i.e. owing far more than the vehicle is worth. In the current economic climate, lenders have tightened their lending criteria and in turn this has made it far harder for many people to obtain this type of finance. Hire purchase can be easier to obtain than a personal loan, however you do not own the vehicle until the final payment has been made and the car is at risk of being repossessed if you fall behind on your repayments. With car leasing the car is never yours to own but monthly payments are generally lower than with other finance options and this can make it affordable to lease a car that you couldn`t afford to buy. Car leasing is also suited to people who want to change their car every one to three years; personal contract purchase adds the option to buy at the end of the lease term. Which option is right for you is dependent on your needs as a driver - much like with car insurance. What different types of car insurance are available? There are three types of car insurance available to all motorists: Third party only - This is the minimum level of insurance available in the UK and required by law. It covers liability for: injuries to other people, including passengers; damage to other people`s property; passengers for accidents they cause. Third party fire and theft - All the aspects of third party cover plus protection against fire and theft of your vehicle. Comprehensive - The most complete form of car insurance but options vary from insurer to insurer. A fully comprehensive insurance deal should cover you against accidental damage, medical expenses, loss or damage to personal effects and personal injury. In addition there are a number of specialist policies available: Specialist car insurance - There are many insurers that specialise in offering coverage for vehicles that may not be suitably covered by standard policies including classic and vintage cars, high performance cars, imported cars, kit cars and more. Specialist insurers may be able to offer more competitive quotes than standard insurers and they are experienced at dealing with insurance issues specific to this type of car ownership. Specialist insurers include Footman James, Lancaster Insurance and Adrian Flux. Women`s car insurance - A number of providers specialise in women`s car insurance quotes such as Diamond, Sheila`s Wheels and Ladybird - while other mainstream insurers such as More Th>n offer specially branded policies. Features designed for women include handbag cover, a mobile phone locator, child seat cover, female friendly repairers and more. New driver`s car insurance - Car insurance quotes are high for inexperienced drivers so many insurers offer specialised policies with rapid bonus schemes and pay-as-you-drive features. These policies are sometimes marketed as young driver`s car insurance. How to compare car insurance Comparing car insurance is straightforward with the emergence of comparison websites - however, it`s important to look beyond price and consider the policy options available. Think about which cover options are important to you and whether you`re willing to pay extra to have them - for example: do you need a courtesy car; do you want legal assistance cover; do you want to protect you no claims bonus and so forth. How to make a claim It`s wise to choose a company that offers good customer service with extended call centre opening hours (many even have a claims line operating 24hrs). Inform your insurer as soon as an accident occurs and collect as much evidence as possible to support the claim, including photographs and witness contact details Thats why here at caroom.co.uk we have partnered up the guys at quotezone to bring you the best possible deal.