Owning one’s own car is definitely a matter of great pride. However maintaining the same is quite a tough job. Paying car insurance is an important thing that needs to be kept into consideration. It is pretty disturbing to see the high rates of car insurance in the country. There are no chances that the rates might come down in near future as well. However, there are ways of bringing down the insurance costs to some extent. Try these simple yet highly effective tricks for the same:
Maintaining a Clean Driving Record
It is quite obvious that higher premiums have to be paid by drivers who have met with more accidents or violated rules and regulations while driving. Drivers are assessed with points for breaking rules. Drivers with higher points will need to pay more car insurance premiums.
Looking for other options for your Car Insurance
There is no hard and fast rule that you have to stick to one company for getting your car insurance. You can definitely change to another company if their premium rates are low. However such companies are not always reliable and you must do a thorough check before getting insurance from them. It is best to get quotations from different car insurance companies and then take a final decision considering all the supporting factors.
Insurance of Multiple Cars in a Single Policy
Paying single car insurance premium comes to be more expensive than paying multiple premiums for car insurance. However, there are certain attributes that must be fulfilled for getting this facility. For instance, the drivers must be dwelling in the same house or are blood-relations or a couple and so on. Joint owners of vehicles are also eligible for the same. In case there are other policies from the same insurance company, then the premium rates might be less for car insurance.
Selection of the Vehicle Decides Car Insurance Premium Amounts
The type of car you have will also play a crucial role in deciding the car insurance that you need. You might have the potential of buying a SUV but the insurance that needs to be paid for the same is quite high. Buying a low-cost car might save you from paying high car insurance premiums. It is also recommended to invest in old cars as they are low on insurance budget when compared to their new counterparts. Before purchasing the vehicle it is recommended to consult a car insurance advisor and then take a final decision.
Lowering Premiums by Installing Certain Devices in the Car
It is quite interesting to see that installing certain devices in the car like anti-theft devices or car alarms or LoJacks can help in reducing the amount of annual premium for car insurance to quite a good percentage. The insurance company can provide details on which kinds of devices are recommended for availing the discount. Installing them will keep the car safe and also help in lowering the premium amount at the same time.
Choosing Mass Transit
For getting a car insurance it is important to answer some vital questions. One main question that is definitely asked is the numbers of miles that the insured car travels per year. A person driving just a mile per day will need to pay lower premium when compared with a person driving for three hours per day. Using mass transit is effective as it helps in racking up fewer miles. For getting a discount it is important to reduce the mileage significantly. Different insurance companies have different mileage thresholds. Know about them in details before getting the insurance.
Before the heavy car insurance premiums sting you, try these few things and keep expenses in control.
This article is written by Evans who is associated with InsuranceLinkCyprus.com that offers car insurance Cyprus.