Policy holders generally seem unaware, or uncaring, that they are probably paying more than they need to for their car insurance. While most vehicle owners would tend to agree on the need to look for the cheapest possible car insurance – they would also see the need to ensure, where at all possible, that they receive the cover they are paying for and the service is at the correct level.
You should never pay for things you don’t need. And it’s just the same with Car Insurance. It’s a real waste of hard earned money to pay for items of cover that are just not needed.
For instance, lets say your car is old and when you get a quote for car insurance you find that the premium you have to pay is more than ten percent of your cars value. This is a good indicator that there is no reason to have comprehensive coverage in your car insurance.
But why should that be so?
The answer is simple. Comprehensive coverage reimburses you in case of any damage to your car that is not a result of a collision with another car including, theft, flooding and fire. If your car is not of high value there is no reason to have this coverage.
But what about car theft?
The best way to prevent theft is the old way – installing anti theft devices. These are significantly cheaper than comprehensive car insurance and will probably last longer than your car!
As an added bonus, your insurance company will charge you a lesser premium because their statistics tell them these devices will help prevent theft.
But always remember that the insurance industry is constantly changing, like most others, so you must make sure you are updated on anything new that may affect your cover or your premium.
With that in mind you should make a point of going online every few months and complete a car insurance quote.
You may be surprised at what you find. Compare prices and you’ll probably find it’s easy to get cheaper car insurance.
You must always make sure that the cover you are being quoted on is right for you. Always enter accurate information, but don’t be afraid to, for example, change from male main driver to female main driver, if that’s appropriate in your circumstances. If this can be done it could save a significant amount.
Raising deductibles from, say, $250 to $500 often results in a saving of ten percent.
This article outlines just a few of the strategies you could adopt which would make a difference to the cost of your car insurance.