Whether youre buying clothing or shopping for car insurance, you
always want to get the best value for your money. So, whats the secret
to finding reliable, affordable car insurance?
Shop around for the best deal. Get several car insurance quotes from
different insurance companies before you buy or renew your policy.
Insurance companies vary, so you could get a better deal somewhere else.
Dont be afraid to switch. You can switch insurance companies whenever
you want, even if its in the middle of your car insurance policy term.
If you find a better rate, switch and save.
There are three types of Car Insurance:
Third party, which covers your legal liability if you damage someone
elses physical property (walls, vehicles, gates etc.) due to a driving
accident.
Third party, Fire and Theft offers third party cover and adds on two
useful pieces of cover – fire damage to and theft of your car, including
damage caused by a theft or attempted theft.
A fully comprehensive policy includes Third Party, Fire and Theft and
in addition will pay for damage to your own vehicle in the event of an
accident. There are many extras, too, for example it will also give you
cover when you drive other people’s cars – useful if you borrow
someone’s car and their insurance does not cover you.
The following factors affect what you pay for your premiums.
Your age, your job, your driving record.
The car you drive. The higher the value of the vehicle, the higher
the premium. High performance vehicles are also more expensive to insure
than their stock standard equivalents.
Then there’s the location of the car. You’ll pay more if you keep the
car in a high-crime area or park it on the street at night.
What you use the car for. You’ll pay more if, for example, you plan to use the car for business delivery purposes.
Then there is the excess structure that you choose. The higher the excess the lower the premiums.
Gear Locks, Satellite Tracking – will help reduce your premiums
If you are buying a new car ? Don’t forget to shop around for Insurance!
For a first-time car buyer, the process can be a difficult decision.
Many buyers are not aware of the fact that they need to have insurance
before driving their new car off the showroom floor. The financial
institutions providing the finance for the purchase will insist on this,
in order to ensure that their new asset is protected.
Don’t just accept the first offer that is given to you, get at least 3
quotes before making your decision. “Many banks or finance institutions
are affiliated to an insurance company or brokerage firm. New buyers
therefore may find themselves feeling pressurized to take insurance
cover through the bank’s preferred supplier. It is important to know
that this cannot be enforced and the decision lies with the client. This
makes it essential to shop around for competitive quotes, to ensure
that you are offered the best deal – from the perspective of both cover
and price. For young drivers, this becomes imperative, as they are often
penalized for their age and lack of driving experience, translating
into higher premiums and excesses.”
Cash buyers are not exempt from the need to insure their new car.
Thefts and hijackings are still a reality and the growing number of cars
on the road puts all drivers at increased risk of being involved in an
accident. Choosing an insurance product that is suitable in terms of
budget, value adds, cover and excess payable is a careful decision that,
with the right advice, can be made sensibly and safely.
Many young, first-time buyers find that purchasing insurance through a direct insurer is actually a simple process.
They are likely to receive a tailored insurance solution catering for
their specific needs – with direct insurance, clients don’t pay any
additional charges for getting what they want. Any driver about to
embark on purchasing a new vehicle would do well to consider the time-
and cost-saving benefits of direct insurance.”
No comments:
Post a Comment