How To Reduce Car Insurance PremiumsBy John Mussi
Here are some useful tips on how to reduce car insurance premiums. Firstly, you need to find a sense of balance between coverage and cost. Apart from negotiating a good deal, there are some other things that you can do to further bring down your car insurance premium for example;
Many insurers average yearly mileage at 12,000 miles. If you do not drive this amount, you can inform your insurer, thus resulting in a reduction in your premium.
Park the car - Parking your car in a secure location such as a locked garage or a secure designated off road parking spot can potentially reduce your premiums.
Bulk buying - Most of the big insurance companies offer all forms of insurance such as home, life etc. You may receive a discount for buying multiple forms of insurance with the same company.
Female drivers are statistically less prone to accidents. Women can avail their quotes from a firm that specialises in covering female drivers.
Anti-theft alarm - Equip your car with electronic central locking and alarm. Most insurance companies have a discount if you have these devices fitted in your car.
Avoid high interest rates - Interest charges are very high if you were to pay your premium in monthly instalments. It would work out cheaper to pay your premium in one lump sum.
Buy on the Internet - Financial products are far cheaper on the Internet than elsewhere. Car insurance is usually about 10% cheaper when you buy online.
Shop around - Be prepared to do the legwork, if you want a good deal.
Check the insurance rating - Some cars are considered to be of a higher risk than others. Before buying a car, check out its insurance group rating as car insurance premiums vary greatly between insurance groups.
Imported cars are expensive to insure - The price of a car bought abroad may be cheaper, but most likely, the insurance won't be. This is because, the parts can be more expensive and difficult to find, so take this into consideration unless you are buying a car fully catered for in UK.
|
10 Step Checklist for Labor Day Car Shopping
Labor Day is a federally-recognized holiday which celebrates hardworking Americans with a day off from work. TrueCar.com estimated that Labor Day weekend last year would boast 1.13 million unit sales among the country's leading automotive manufacturers. With the car-buying trend likely to pick up at a similar speed from the last Labor Day weekend, it's clear that now is the best time to buy a ...
How to Buy a Car With Low or No Credit
Like mortgage lending, auto financing got tougher after 2008, especially for those with low or no credit. Many Americans held onto their cars rather than upgrading because they couldn't get financing or worried about taking on an auto loan amid layoffs, hiring freezes and other uncertainty. The not-so-good news, if you have credit issues, is that you'll often pay a premium for financing to cover ...
Can I Buy Insurance After Being Injured In An Accident?
The health law's ban on pre-existing conditions doesn't mean you can buy a plan after you get sick. Most people have to wait for the open enrollment period.
New electric car club in Stratford is first of its kind in UK
Pay-per-use E-Car Club offers chance to hire one of four vehicles each with own parking space and charging points around town
Cheapest Cities You Will Want to Live In
Cities with super-low living costs can suffer from high unemployment, poverty and a lack of services. To do so, we required that each city have below-average living costs, high household incomes relative to the cost of living, and an unemployment rate that's below the national average.
SPLC helps low-income people with traffic violations avoid jail
The City of Montgomery reached a settlement with the Southern Poverty Law Center on Wednesday that should help keep some people out of jail.
Tata AIG eyes Rs 3000 cr premium income this fiscal
Riding high on the optimism for economic revival, private sector insurer, Tata AIG General Insurance is eyeing premium income to touch Rs 3000 crore this fiscal, up 22 per cent from previous year?s Rs 2,456 crore.
Why commercial drivers hardly make motor insurance claims
Motor insurance is mandatory by law and also one of the most common and highly respected insurance policies in Ghana. Also known as vehicle/car/auto insurance, motor insurance is purchased for cars, trucks and other road vehicles.
Volokh Conspiracy: Subprime auto loans
Leaving aside the innuendo, what do we actually know about this market?
Angry Uber Drivers Break Out Of Low-Paying UberX Prison
There is one little downside to all these extended UberX deals NYC customers have been getting lately: the drivers aren't happy. A large group of Uber drivers, under the name Uber Drivers Network NYC , have been protesting the company all week?they've organized to strike this weekend and planned to show up with 1,000+ drivers at Uber's office on Monday. So Uber did something very un-Uber like ...
|
