5 Tricks to Save on your Car Insurance
Cars and insurance go hand in hand. It's one of those requirements you have to follow by law. This doesn't mean you go for the first thing you get, you can always optimize your savings with a few quick tricks.
1.The whole process of car insurance starts right away from the date you start planning to buy a car. Why? Because, your 'car model' greatly decides the amount of your car insurance. Visit an insurance company's online portal or ask your agent to give you more information when you're buying a car. For example, the more expensive your car is, the more you're about to shell out.
2. When you've decided the car model, please browse through the various 'insurance quotes' that are available in the market. This is the best way to understand and choose add- on covers & avail discounts to seal the best deal according to your requirements and budget.
3. There are various 'add on covers' like Roadside assistance, Passenger assist, nil depreciation etc. which aren't mandatory but may might turn out to be really helpful. Having said that, choose the covers rationally as each add on covers increases the payable premium amount.
4. People generally get afraid of the word 'deductible', and keep it low. But remember, deductible is inversely proportional to your payable premium. In simple terms, deductible is the amount that you have to pay on your repair bill, while the rest of the amount will be paid by the insurance company. However, don't get greedy with your premium and raise the deductible to its maximum. You definitely don't want to cough up more than you can save.
5. Last but not the least; did you know that being a careful driver can win you brownie points in your car insurance? That is, if you happen to make no claims for that particular year then the insurance provider will credit a 'no-claim bonus' on your name, which will show its effect as a discount on your next year's insurance. What's more? If you plan to buy a new car then you can simply transfer the no-claim bonus and get the discount on the insurance for your new car as well. Why? Because you're a pretty safe and smart driver.
Armed with enough information on how to save on your car insurance, we are pretty sure you'll make the right decision and well, we are always there to help you.