5 Tips For Getting The Best Price On Your Auto Insurance
Saving up for a year on your car insurance is not a difficult task to achieve, most clients of insurance companies prefer to stay with their existing insurance firms and pay far more than they should because it isn’t always obvious how to get lower rates. The mistake some car users make is not taking a smart step of going on a quest to get the best insurance package. Rather than do that, they just accept their insurer's renewal quote, which is likely to be more than the start-up fee.
Comparing car insurance is simple, easy and doesn’t consume much time. Hence, you can get a fair deal in a matter of minutes. Then you know the quality of the scheme and have an idea of the best price to negotiate with your current insurer.
The following 5 tips will assist you in the reduction of your car insurance costs:
#1. Strive To Be a Good Driver And Sign Up For A Blackbox
Blackbox policies involve the insurer installing a system in your vehicle in order to monitor if you are driving cautiously or recklessly. This rewards those who drive carefully. Officially called telematics, these check your speed, how aggressive you accelerate and brake, how thoughtfully you drive, and also whether you are on the road at perceived dangerous times which could be either very late in the night or early hours in the morning.
In other words, be a safe driver. This should go without saying, but in today's age of increasing in-car distractions, this bears mentioning as much as possible. A driver's record is obviously a big factor in determining auto insurance costs. After all, it makes sense that a driver who has been in lots of accidents could cost the insurance company more. However, folks are sometimes surprised to find that insurance companies may also consider car maintenance habits when determining insurance premiums.
The more mindful you are, the more accidents or moving violations you'll be able to avoid events which will raise insurance rates. For those unaware, points are typically assessed to a driver for moving violations, and more points can lead to higher insurance premiums. Furthermore, your insurer can cut premiums significantly once your car start demonstrating the evidence of you being a good driver. The biggest win is for those whose premiums are high, especially young drivers.
#2. Carefully Make Your Research About The Best Car Insurance
Savings of hundreds or thousands of your local currency can be found if you shop around when you renew your coverage. If your policy is about to renew and the annual premium has gone up markedly, consider shopping around and obtaining quotes from competing companies. Also, every year or two it probably makes sense to obtain quotes from other companies just in case there is a lower rate out there. While trying to do that, you will need to be careful because when shopping around for car insurance, it's vital to make sure that you are comparing like-for-like cover. Some policies may seem cheaper, but you may find you don't have the same level of coverage when you have to make a claim.
Remember, cheap doesn't always mean good, and going with the lower- priced company isn't always the best decision. That's because the insurer's creditworthiness should also be considered. After all, what good is a policy if the company doesn't have the wherewithal to pay an insurance claim? To run a check on a particular insurer, consider checking out websites that rates the financial strength of insurance companies. The financial strength of your insurance company is important but, what your contract covers is also very important. Try as much as possible to use an online comparison service to do the hard work for you. You can alter the excess that you are willing to pay and the mileage you will drive and get new quotes.
If you've been happy with the cover your existing provider has given until now but are unhappy with their renewal quote, let them know the best offer you have received from a rival insurer and ask them to at least match it. Placing prices side by side is paramount to finding this information.
#3. Be Careful Of Insurance Trap Cars
Before you attempt to change your car, consult your insurer if the model will have a substantial effect on the premium. For instance, sport cars can attract a high premium and usually a slightly different model or smaller engine can make a huge difference in your favour. It will also most likely save you on gas/petrol too!
You should be apprised of the fact that some insurers will try to include administration fees for changes to a policy mid-term. This fee will be added if you change your car or residential address. Moreover, you can request for fee waiver if it is a minor adaptation, such as changing to a customized registration number.
#4. Safeguard The No-Claims Bonus
The No-Claims Bonus is one of the best ways of cutting car insurance costs, so we will advise you to protect it. This may slightly increase the premium by a little amount, but this can be regarded as inconsequential against the likely loss of over 87 per cent discount on a premium of several hundred amounts of your local currency.
However, the meaning of a protected no-claims bonus can differ widely between insurers. Although accidents caused by another driver will always have no impact on such a bonus, those caused by the insured could. Our admonition to you is to always be aware of your insurer’s policy.
#5. Put Into Consideration Usage-Based Or Pay-Per-Mile Insurance
If you’re a cautious driver who doesn’t log many miles, consider usage- based insurance programs. By signing up for some of these programs, you let your insurer track your driving in exchange for possible discounts based on how well you drive, when you drive and how much you drive. For Instance, if you drive less than 8,000 miles a year, you might be able to save money with a mileage-based insurance program.
Tellz Auto is a full car buying service and easy to use resource that helps people find the right vehicle. We believe the car you ride in is just as important as the home you live in. We offer guidance from start to finish and will help you negotiate a great deal on the perfect vehicle. For more information, give us a call at +1 512-400-4243 / +234 (803) 650-2556 or Get Started here today.