subject: What Is Import Car Insurance? [print this page] Import car insurance is a little-considered necessity for those looking to import genuine import vehicles. This kind of insurance does not cover cars that were produced by foreign companies to be sold in your country - it is meant for cars which are purchased in their country of origin and brought over at your or the manufacturer's expense.
There are quite a lot of reasons to buy a genuine import car, with the most prevalent being style. Sure, foreign car companies usually make top quality vehicles, but the real draw for somebody looking to get a car shipped over is the status symbol that the vehicle represents.
Import car insurance helps cut through a few of the red tape in terms of actually getting the car into the country and making it legal. As with anything else being shipped into the country, there are customs and import taxes to take into consideration. Distinctive hurdles that one has to consider when importing a car are the emissions, which must be compliant to your country's laws; and the whether the car itself is up to safety codes in your country as well. These factors may not come to mind whenever you're looking at that brand new current-year car, but they certainly will when your insurance premiums skyrocket because the car does not meet safety or environmental standards.
It's recommended that you get in touch with an insurance company prior to importing a vehicle over. This way they can give you advice regarding the steps to take to have the vehicle shipped to your country, as well as help you get the documents in order to prove that it's yours and is legal once it arrives. This is by far the least fun part of purchasing an import car, but having an experienced and reputable company behind you along the way can make the process all that much more simple.
Most ordinary car insurance companies to not handle import car insurance, meaning you will most definitely have to look outside of the box. Having a company that's accustomed to dealing with the manufacturer of your car can also make the process easier - in any case, it is best to get some opinions on the matter. When looking via the internet, try to find forums for import car owners and buy some opinions on insurance companies. This will make the search much easier, but also be sure to contact the ones that seem to be good options to get solid information on their rates and how they could help you make the process easier.
If you are like many and looking to get the best deal possible, try to barter with the insurance companies to get lower rates. Business for these companies isn't huge and they've high rates, meaning you could be able to work them down to a lower price by comparing them to one of their competitors. This is a tactic that does not work on your normal insurance companies, but it's more effective than not when dealing with import car insurance providers.
by: Rita Brown
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