Vehicle owners often search for competitive plans and pricing offers before purchasing the best car insurance policy. It is a wise thing to do; we agree with them. But, whether or not they buy an affordable policy, there are still several ways to minimise the premium they will have to shell out for eventually.
As a car owner, consider requesting a car insurance online quote from various insurers before deciding on a car insurance policy. With this step, you may save some money by purchasing the most economic plan that provides what you need. There are other actions you can take to potentially reduce the premium further, and we will tell you what they are.
We have a list of do’s that might shrink your premium costs, depending on your insurance provider.
Choose a Vehicle That Suits Your Needs.
Unsurprisingly, your car plays a significant role in deciding the premium. Talk to the insurer to know how it affects the premium payable by you. The critical aspects any insurer would consider are the make, model, cost, and age of a car, though other facts can apply or not (for example, kilometres driven annually).
Please buy a car that fits your needs and lifestyle while also being aware of the insurance, registration, upkeep and other costs associated. We ask you to contemplate the fuel economy, easy access to spare parts if any car component fails, and estimated maintenance costs before buying a car. Purchase only when you know most of the potential expenses that may arise with that vehicle.
Ensure You Don’t Overwork Your Car
Some insurance providers lessen the premium if the vehicle owner drives below the specified kilometre limit per year or drives during low traffic periods. In addition, you may inform your insurer if you choose to use an alternative means of transport instead of your vehicle. The point here is the insurer perceives you as a low threat as you rarely drive and/or drive during off-peak times, meaning you are less prone to meeting with road accidents.
But, remember not all insurers provide this feature. Read the product disclosure statements carefully before you decide on a car insurance onlinepolicy. If you harbour any doubts even after glancing through them, you may verify them with the insurer.
Get Additional Security Devices Installed
You may have to spend some extra money to increase your car’s security, yet it may very well be worth the money you are spending. If you drive frequently and/or drive through high crime areas or at night-time, stopping often, it could be of immense help to have more safety features in your vehicle.
The devices you can explore include theft alarms, dash-cams, and vehicle immobilisers. These security add-ons may also help you get a cheaper quote from the insurer. Some insurers provide a more favourable quote, as you have made efforts to secure your car with added tools that hamper attempted theft and stealing.
Along with these factors, you may select appropriate extras like roadside assistance, hire car services, windscreen and window glass repair cover, and contents insurance for valuable items in your car. However, depending on your insurance provider, these add-ons can raise your premium prices.
Also, reflect on the excess payment applicable at the time of claim and decide what level is right for you. Opting for a higher excess lowers your premium and vice versa. However, think carefully about what will work best after requesting a car insurance quote, then make that final tweak to the best car insuranceyou have found.