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| Car Insurance Advice |
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| Written by Tom Martens |
| Tuesday, 31 March 2009 10:07 |
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Finding the right car insurance at the right price is not impossible, even in South Africa. Be sure you know your cover options and how you can save on car insurance premiums. 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.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. Comprehensive Cover is the most expensive, but it provides the most benefits, and is really the type of insurance most South Africans should have to completely cover their risks. Now that you know what you can buy, let's examine ways to get that cover at the best price. Here are ten ways you can reduce your insurance premiums. They may not all work for you, but everyone can find something that will work. 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. 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. 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. You may gain lower premium with yyour current insurance company by being a safe driver. Each year that passes in which you don't file a claim you may also be eligible to get better rates with another company. Always consider your insurance costs when you're shopping for a vehicle. High performance and expensive car models cost more to insure due to their increased risk profile and expensive replacement parts. Be sure to include your insurance premiums in your car shopping budget. Consider moving, not only for better premiums, but for your own personal safety.Your premiums will reflect that due to the increased risk of your car being stolen or hijacke,if you live in a high crime area. 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. Insurance companies tend to require minimum security requirements for insured vehicles. By adding devices like global tracking devices or gearlocks, you can exceed the minimum requirements and be eligible for a discount. 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. Don't be afraid to negotiate. Many insurance companies are flexible about their premiums and will be willing to work with you in order to earn your business. About the Author: Tom Martens is the syndication coordinator for Carinsurancesa.co.za. South Arica's leading car insurance portal. Kindly provided by LJ-Marketing.dk You are welcome to use this article on your own website, if you include the link just before this text. |
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