Tuesday, November 8, 2011

Tips to Save On Car Insurance

You have just kick started your career life and you have successfully ticked off one item from your priority list, 'to own a car.' In such a case car insurance can be an expensive thing, because you don't have that sufficient income after such a heavy purchase. The most essential priority after buying a new vehicle is to get it covered by insurance. For many newer drivers car insurance is more a pain than a benefit, with the pain part being located in the higher premiums they have to pay. And driving around without car insurance is like skating on thin ice. Because one single accident can force you into bankruptcy if you are not protected by car insurance.

It is very important for a car owner to grab the best insurance deal at the most convenient rate. While there is no way to get car insurance for free, there are plenty of ways to save money on it.

Shop Around

There are plenty of car insurance companies out there, all offering different quote. Never just accept the renewal quote you are offered. You have to shop around to get the best deal. Make some calls, check online and ask question online and make a comparison to check which deal would work the best for you. Ask the car insurance company outright what they can offer you that other companies can't or if they can give you any sort of discount. You might be flabbergasted to know that you can save 15000 on an average when you shop around for the best quote.

Pay Upfront

Try to pay for your insurance in one go, rather than monthly. Because by doing so you will pay less. Do not be tempted to pay for any type of insurance monthly just because it appears to be cheaper or more manageable. You should know that you will be charged interest, which can be as high as 24pc per annum.

Watch Your Usage

Be careful while you driving. Because the more accidents you get into, the more your premiums will go up. Accidents are not the only thing to watch out for. It is important to have a clean driving record.

Buy What You Want

Every policy differs, and this is something that you can usually add in. It would be best if you buy something you want. A policy that wou ld suit you better. Example comprehensive insurance or third party insurance. comprehensive coverage covers damage to your vehicle caused by certain events. These include fire, theft, vandalism and falling objects. This also comes with a deductible you volunteer to pay and which you are obliged to pay before the insurance company pays the remainder. While third party insurance covers for Personal Injury. By opting for third party insurance you save a lot of money.