With fuel costs escalating out of
control these days, car running costs are becoming a serious burden for the
average family, especially families with more than one car. Because of this
reason more and more people are looking for ways to control the costs associated
with their family transport.
One such cost is the cost of car insurance. Below
are 7 tips for lowering your car insurance costs:
1. Drive carefully. It may sound obvious but as
insurance premiums are related to risk then your manner of driving is related
to your insurance premiums. Safer driver equals lower premiums. It may not seem
so at the time but those traffic violations or speeding fines reflect in your
bill.
2. Have a look at other insurance policies you have
with other companies. Many insurers offer discounts for combining all your
family insurance with their company. Find out who they are and get a quote on
all your policies combined.
3. Also note the differences in premiums you would
be paying for the type of car insurance
you have. Different types of car attract different levels of premium because,
in particular, different types of car are driven by different types of people,
who may have different types of risk profile. Sports cars, for example, will
usually show a higher rate of accidents than staid boring family cars.
4. Consider your deductible. This is the amount you
pay first out of any claim, and the cost of your policy is directly related to
the amount of your deductible. Higher deductible – lower premium. So consider
carefully whether you could afford to pay a higher amount first from any
accident and raise your deductible. If so, you will get lower premiums.
5. Safety and anti theft devices can reduce the
insurance costs for a car. Talk to your insurance company and find out if there
are any safety or anti theft devices that you can install to reduce your
premium. Then consider installing them making sure that you notify your
insurance company once you have done so. And why not ring up your company and
make sure that they are aware of any safety and anti theft devices you already
have, if they aren’t you may get a reduction.
6. Always look online for a competitive quote from
other companies. Most of the major players and brokers are represented online
and it is extremely competitive. Be sure to take advantage of this fact.
7. Don’t just pay your premium blindly without
checking if you can do better. Car insurance rates vary all the time and so
even if it was the best rate last year it may not be this year. Every year shop
around to see if you can do better, you may be surprised.
Thanks Nishant for sharing this informative blog. it seems very helpful, i was looking for same content about car insurance.
ReplyDeleteAll right, so you got your Car Insurance. Soon you find you need to make a claim on your policy and you leaf through those Insurance documents.
ReplyDelete