subject: Top 6 Tips For Buying Car Insurance [print this page] Some car brokers use a tender process to get you the best possible price on your vehicle purchase. All you have to do is organise your insurance.
Establish Car Usage Patterns
For anyone that has purchased car insurance before, you may remember being asked a raft of questions, some of which you may not have thought to be relevant. The answers you give are often used by insurance companies to calculate the relative risk of insuring your vehicle. While you must answer honestly to be covered by insurance, thought should be given as to how the vehicle is to be used. If you decide for example, not to commute to work by car, then you may end up with a lower insurance premium as the car is being driven less often. Similarly, storing a car in a locked up garage, as opposed to on street parking may also help reduce your insurance premium.
Decide on Type & Level of Coverage
All cars need compulsory third party green slip insurance as an on road requirement. This gives the bare minimum of cover, only covering injury to people if you car is involved in an accident. Third Party Property insurance, however, covers damage to others' property. To ensure your own car is also insured, comprehensive car insurance is the answer.
Compare Quotes
Car insurance quotes can sometimes vary greatly between providers. One will only know this by contacting a few different companies. Make sure you are comparing "like for like", as companies may quote premiums over different periods. For example, monthly, six monthly or annually. Rates may also vary depending on the frequency of payments.
Different Criteria for Different Insurance Providers
Some insurance companies may reward you for a good driving record, low claims history or for having completed an advanced driving course. Older drivers generally pay lower premiums than younger, inexperienced drivers, but if there is a young person driving the car in question, shop around for a more understanding insurance company. Premiums might not be that bad with some insurance companies, if a young driver is only driving your car infrequently.
Insurance Bundling & Loyalty Offers
Some insurance companies may offer discounts if you also have home or other types of insurance with them. Often the more policies you have, the more you potentially may save. Do your sums to make sure that bundling does indeed give you the best option, rather than just picking the best insurer for each type of insurance. You may also be rewarded for your loyalty. Those who have stayed with the one insurer for many years might benefit in the form of a discount for doing so.
See if Insurance Companies will match Competitors' Quotes
Some insurance companies might even match or beat their competitors' quotes, thus reducing your payable premium further. Make sure that if you decide on the cheapest quote, that all your requirements are covered by that policy.
Discounted fleet sales are not the exclusive domain of bulk buyers. A car broker's purchasing power can bring similar discounts to an individual consumer.
by: Christopher David
welcome to Insurances.net (https://www.insurances.net)
