Car Insurance Advice
It's not impossible for even those in South Africa to find the right car insurance if you understand your cover options and the techniques needed to save on car insurance premiums.
You can choose from three basic types of car insurance cover: Third Party, Third Party Fire and Theft and Comprehensive. Third Party is the minimum cover and pays for damage to other people's property caused by an accident that is your fault. Third Party Fire and Theft adds to the minimum by including cover for damage caused by theft, attempted theft and fire. Comprehensive Cover includes all of this and pays to cover damage to your own vehicle in an accident that is your fault.
The most recommended car insurance for South Africans is comprehensive cover, it happens to be the most expensive but it also completely covers their risks. Now that you have been advised on what type of coverage you need, let's take a look at how to get that coverage at the best price. The following is ten things you can do to reduce your premiums. Every suggestion listed may not work for you, but you will be sure to find something that will help you.
First, shop around and compare quotes. You can find substantial savings just by taking this step to educate yourself about your options. It's easy to do this research online or through a broker. You can also get a discount if you purchase your policy online. Check with individual companies for this option.
If you can afford it, raise your excess amounts to save money in the long run. Just be sure you can pay the excess when you file a claim.Each policy comes with an minimum excess amount. This is the amount you will be responsible to pay in the event you file a claim.
There are benefits to being a safe driver and having a good driving record. If you are safe driver and go a year without claims many insurance companies offer discounts on your premium. If your insurance company does not offer this you might want to look for one that does.
Whenever you are looking at insurance companies always consider the different prices. Higher performance and expensive cars always are a higher cost due to their risk profile and expensive parts. When you are shopping for a car, include the insurance premium in your budget.
Living in high crime areas will increase your rates due to there being a greater possibility of your vehicle being stolen or hijacked. You should greatly consider moving to a better neighborhood, not only to save money on premiums, but for greater personal safety.
Keeping your vehicle off the street at night reduces the risk that it will be stolen or damaged, therefore reducing your premium.You could get a discount if you park your car in a locked garage or behind locked gates overnight.
You can add security devices such as gearlocks or global tracking devices that exceed the minimum requirements and receive a discount.Most insurance companies will have minimum security requirements for the vehicles it insures.
The number of people you let drive your car is also a risk factor. If you keep the number of allowed drivers at a mininmum it helps the insurer calculate your risk factor better in turn lowering your premium.
Do not be timid about bargaining. Several insurance carriers have negotiable rates and will work closely with a potential customer in order to obtain new business. - 21392
You can choose from three basic types of car insurance cover: Third Party, Third Party Fire and Theft and Comprehensive. Third Party is the minimum cover and pays for damage to other people's property caused by an accident that is your fault. Third Party Fire and Theft adds to the minimum by including cover for damage caused by theft, attempted theft and fire. Comprehensive Cover includes all of this and pays to cover damage to your own vehicle in an accident that is your fault.
The most recommended car insurance for South Africans is comprehensive cover, it happens to be the most expensive but it also completely covers their risks. Now that you have been advised on what type of coverage you need, let's take a look at how to get that coverage at the best price. The following is ten things you can do to reduce your premiums. Every suggestion listed may not work for you, but you will be sure to find something that will help you.
First, shop around and compare quotes. You can find substantial savings just by taking this step to educate yourself about your options. It's easy to do this research online or through a broker. You can also get a discount if you purchase your policy online. Check with individual companies for this option.
If you can afford it, raise your excess amounts to save money in the long run. Just be sure you can pay the excess when you file a claim.Each policy comes with an minimum excess amount. This is the amount you will be responsible to pay in the event you file a claim.
There are benefits to being a safe driver and having a good driving record. If you are safe driver and go a year without claims many insurance companies offer discounts on your premium. If your insurance company does not offer this you might want to look for one that does.
Whenever you are looking at insurance companies always consider the different prices. Higher performance and expensive cars always are a higher cost due to their risk profile and expensive parts. When you are shopping for a car, include the insurance premium in your budget.
Living in high crime areas will increase your rates due to there being a greater possibility of your vehicle being stolen or hijacked. You should greatly consider moving to a better neighborhood, not only to save money on premiums, but for greater personal safety.
Keeping your vehicle off the street at night reduces the risk that it will be stolen or damaged, therefore reducing your premium.You could get a discount if you park your car in a locked garage or behind locked gates overnight.
You can add security devices such as gearlocks or global tracking devices that exceed the minimum requirements and receive a discount.Most insurance companies will have minimum security requirements for the vehicles it insures.
The number of people you let drive your car is also a risk factor. If you keep the number of allowed drivers at a mininmum it helps the insurer calculate your risk factor better in turn lowering your premium.
Do not be timid about bargaining. Several insurance carriers have negotiable rates and will work closely with a potential customer in order to obtain new business. - 21392
About the Author:
Tom Martens is the syndication coordinator for Carinsurancesa.co.za. South Arica's leading car insurance portal.
posted by X - Men @ 6:02 AM
0 Comments
0 Comments:
Post a Comment
Subscribe to Post Comments [Atom]
<< Home