Top 5 Tips to get Cheap Car Insurance

0 comments, 01/04/2014, by , in Car Insurance

Cheap Car InsuranceRoad accidents are always associated with you as a risk, when you drive. Though the safety of passengers seated in the collided vehicle is of utmost importance, the cost of damage to the vehicle is not less concerned.  That is the reason why we outsource uncertain auto expenses to financial institutions that offer insurance cover.

No doubt, insurance comes with a price, especially if you are a new driver. However, you can reduce this cost to a certain extent by being smart. Hereunder, I will provide you with top five tips to get cheap car insurance. By following these tips you can control spending on annual premiums.

Choose an appropriate ride

The cost of your vehicle insurance mostly depends on the car you buy. An expensive ride would certainly raise the overall rate of services. Another factor affecting the insurance cost includes vehicle’s mileage. Cars that have already covered longer distances are considered risky by the insurance companies and are tagged with higher rates. While buying a car, choose either a brand new or the most recent model with least mileage.

Consider different alternative policies

Buying auto insurance is usually a one time job. You, therefore, need to be extra curious while insuring your ride. Never finalize what is offered by the first insurance company you have come across. Always gain information on alternative offers and spend time on thoroughly evaluating them. You will eventually be able to balance between your need and its cost. Keep screening and filtering the alternatives until you are left with just two. You can then carefully choose the best suitable for you.

Negotiate Terms, Conditions, and Rates

Once you have recognized the most cost-efficient insurance package among different alternatives, the next thing you need to do is meet the officials. Please be informed that the sales personnel from insurance companies are always there to communicate with you and listen what you have to say. Negotiate the terms and conditions set by the company to bring slight moderation in them. Negotiations may buy you a cheap car insurance, when you insist for discounts that most companies are willing to allow, ultimately.

Inform the Insurance Company for each Modification

Once you have insured your car, do not make any changes in it as the company has the right to raise an objection on it. However if you are still eager to customize your ride, communicate it to your insurance company and make sure your cost does not rise with these modifications. If the company finds any major change in the vehicle at the time insurance was claimed, it may either increase the cost or even invalidate your insurance policy.

Bear operating expenses yourself

A vehicle’s operating expense may include servicing, tuning, changing consumables and other similar stuff. The more frequently you claim your auto insurance company to bear the expenditure on your vehicle, proportionally higher will be your installment of premium. It is therefore always suggested to pay the vehicle’s operating expenses yourself and keep the cost low.

Finding cheap car insurance is no hassle; with tips and recommendations listed above, you can save a significant amount of money spent on auto insurance policy every year.

About Suhail Ajmal

Suhail is a journalist who loves everything about technology driven cars. He keeps a keen eye on the latest developments in automotive industry and shares the news as it breaks.

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