W a y s t o s a v e o nc a r i n s u r a n c e

Most people assume auto insurance is relatively fixed cost. Well, it’s not! It can be lowered with a little research and comparison shopping. Getting competitive quotes is the best way to ensure you are not overpaying for insurance. Here are a few ways to save on Car Insurance:

COMPARE

RESEARCH TAX DEDUCTIONS COMPARE DISCOUNTSUnderstand individual offerings from different providers. Research Online.

Identify Tax Deductions available.

VALUATION

MARKET VALUE OLD CAR NEW CAREnsure your car's insurance valuation is in order. Insurance companies pay claim for a car's market value.

Comprehensive insurance may not be worth opting for if you are insuring an old vehicle whose value has depreciated.

If you are buying a new car, then ensure its insurance is as per the market value of the car.

Compare online to get the best deal.

Pay attention to discounts and offers. Choose a plan that best suits your pocket.

You will end up paying a lower premium if your vehicle has run fewer miles. That is because your vehicle's risk for an insurance claim is lower if it has been used sparingly. The less you drive, the more you save on your premium.

Fewer Miles, Lower Premium

No Claim BonusIf you haven’t made insurance claims in the previous year, you are eligible for a No Claim Bonus. Check if your insurer offers this bonus. Your No Claim Bonus is transferable from your current insurer to a new insurer as well.

Buy Online

Many companies offer a discount if you buy online. So, compare and buy online!

Some Tips:

Never drive without a vehicle insurance. It is illegal, you can be penalised, and it can cost you money in case of an accident.

Review your car insurance policy thoroughly - the first time and on each renewal.

Keep your insurance plan up-to-date. A lot of variables can affect your insurance premium rates.

Don't misrepresent facts to your insurance firm. They verify your records.