How To Get The Cheapest Car Insurance
How To Get The Cheapest Car Insurance
As with all things in life, your car insurance premiums will rise every year. It is therefore important that you take out affordable car insurance from the start; otherwise your premiums can sooner or later be out of your reach.
Is there anything you can do from your side to guarantee the cheapest car insurance premium?
Keep the following steps in mind when shopping around for car insurance:
Do your homework.
There are many well-established car insurance companies available, so you do not have to commit to the first quote you receive. Competition between the companies means that each company has to offer something to make them stand out from the rest. This can be in the form of exceptional service, cheaper premiums or cash back bonuses if you don't claim for a certain period of time.
Add extra security to your vehicle.
By adding extra security to your vehicle, your premiums can be drastically reduced. This can be in the form of an alarm or an immobilizer. Tracking devices will also reduce your insurance premium as this also puts your vehicle in a lower risk category.
Buy extra products.
Most insurance companies don't just offer one type of insurance. If you can have an insurance bundle covering your car, home and maybe your business insurance in one, you will most certainly be offered a better package than when only applying for car insurance.
If you want to be guaranteed of the cheapest car insurance, pay your premium up front!
Companies make a lot of money by charging interest. If you buy furniture on credit, your total repayment can easily be double the original prize of the furniture. Car insurance works on the same principle. If you pay monthly installments you cannot avoid the costly interest charges. It is however possible to pay your insurance premiums in one go - this way you will firstly save on the interest charges and some insurance companies will even offer a further discount for paying up front.
A healthy credit record can be your ticket to the cheapest car insurance available!
It is important to keep your credit record clean. If you have any accounts, loans or credit cards, make sure that you do not miss monthly installments. This will reflect badly on your credit record and an insurance company can then regard you as a high risk and increase your insurance premium.
Add your spouse to your policy as one a nominated driver.
Some insurance companies will offer you a better premium if you add your husband's or wife's name as a nominated driver on your car. Marriage is seen as a sign of stability and therefore a married person can get a better rate than for example a young and single person.
Law abiding citizens receive the cheapest car insurance packages!
If you have a lot of outstanding speeding fines and parking tickets, you are definitely not seen as a careful and responsible driver. This can count against you and can increase your insurance premiums.
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