subject: So,you Want To Save On Your Car Insurance,do You? [print this page] They may seem all the same to you, offering more or less the same products and services for rates that seem to have little difference too. A little research will show you otherwise when it comes to vehicle insurance terms and quotes. An independent Australian research firm carried out investigations in 2006 where they looked at the different prices among both the Australian States and insurance companies. The results showed that there were significant differences in the quotes that were provided when the exact same details were entered. Each underwriter prices a policy in a different way and so all price you differently, you need to cover several of them to make a proper comparison.
One factor that plays a role is determining terms like premium rates are personal driving history. An adult driver for example, who had held a driving license for at least five years, with no incident and accident and no claims made to an insurance company might get quoted a rate of $250. An adult driver however who had a history of even one accident that had seen them make a claim could get charged $460 to cover the same risks. Being a safe driver is not only better for the roads, it is also a long term investment with discounts for save driver as up to 70% for rating 1.
Another factor is where you live. Just like home and contents insurance, if you live in an area of high crime then you will pay a higher premium. Theft is a large portion of a car insurance policy, you only need to get a third party quote and a third party fire and theft quote to see the difference (the fire part doesn't take up much). If you have two places of residence, then you should chose to insure your car at the safer location, you could wipe $100s of your premium.
Before you get finalise your purchase, you should have a quick browse of the PDF. The chances you will refer to it ever again are small but you should make sure you know what you are getting. It will take 5 minutes and could save heartache later you realise you weren't covered. All insurance companies I have dealt with have the terms and conditions, called a Product Disclosure Statement (PDS), on their website for easy access. You have a period of +14 days minimum as a cooling off period before you are locked in.
It is easy to get a Cheap Car Insurance policy and paying too much these days means that you are too lazy to invest 15 minutes to potential save $100. I have received quotes with more than $1000 difference. That makes comparing an obvious choice for me.
by: David Johnston
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