5 Immutable Tips To Get Cheap Car Insurance

You have decided to buy a new car. Before that you want to do car insurance comparison online to get the cheapest plan. However, you’re facing problems to get cheap car insurance.

You have decided to buy a new car. Before that you want to do car insurance comparison online to get the cheapest plan. However, you’re facing problems to get cheap car insurance.

Below I have listed some essential pointers to help you procure cheap car insurance.

The car’s model matters-

There are certain factors pertaining to car’s make and model which affect the price of premium and your chances to get cheap car insurance. There are 3 factors which affect premium prices-

  • Car’s model
  • Safety features of your vehicle
  • The locality- If there are higher incidents of thefts and accidents then you may have to pay higher premium.

The vehicle insurance costs can vary a lot depending on the model of the car, safety, the theft record of the area where you reside and also the cost of repair.

The history of your driving record-

This is another factor which affects one’s premium cost. If you have a clean driving record without any history of accidents or mishaps or collisions then you will require paying lesser premium. Also getting cheap car insurance will be easy. On the contrary, for the person who shows a bad driving history and incidents like penalties for over-speeding or drink-and-drive, he will have to pay higher premium.

Note- While searching for cheap car insurance, the driver’s age also matters.

Poor credit scores impact your premium negatively-

The credit scores do greatly impact your insurance premium. The person having poor credit scores will have to pay higher premiums thus degrading his chances of getting a cheap car insurance.

Choose suitable premium plans-

It’s better to choose annual premium plans other than monthly premium plans. The simple reason is that one may end up paying more in monthly payments due to the cumulative factor involved.

Have multiple cars? Buy from one company-

For the people who own multiple cars it’s better to get coverage from one company and avail bulk discount

Use online car insurance comparison tools-

It’s advisable to compare the several insurers and their prices online. This will help you to save considerable amount of money when you find the best insurer in the market online which offers maximum coverage at lowest premium.

Enhance the deductible amount

A deductible amount is the money you’re willing to give from your own pocket during cases of accident or theft prior to getting compensated from the insurer.

If you pay higher deductibles, you can save huge bucks on your vehicle insurance.

Conclusion-

Always do adequate research prior to deciding on the company of your choice. Online comparison will help you avail better premium rates. This will help you zero-down on the most suitable plan after considering all credible options.

If you’re planning to purchase pre-owned vehicle then you can get cheap coverage after having the car repaired from a good mechanic. You need to give a detailed report regarding the car’s condition to the company you will approach.

Comment Stream