Soaring amounts of car insurance premium has forced many people to drive uninsured cars. However, dodging the authorities will now be a difficult task. As per the new laws, driving and owning uninsured cars will be a criminal offence and strictest of punishments being handed out. There are ways one can cut down on the insurance amount and following the same can reap early benefits. Some are listed below:
The general observation states that the insurance companies think differently when it comes to high end cars. They do not fascinate the same way you do about such cars. And it is not uncommon for them to charge higher while insuring such cars. The principle here is that the premium amount is directly proportional to the value of your car. High end cars cost high not just at the start but the operational as well as maintenance costs are high too. Add to it the insurance amounts and you would probably start blaming yourself for buying such a car. It is thus advised to stick to cars that do not burn hole in the pocket including overall costs.
Most insurers lure the customers of reducing the insurance amount after renewing the existing policy. Before signing on, compare the policy rates with the policies of other insurers. Such comparisons are available on online sites. High premiums are worrying factor these days and everyone is looking around for cheap car insurance policies. If the same policy cover is available at cheaper rates, then do not hesitate to switch over to other companies.
The security features in your car can well be another reason for insurers to lower the premiums. Cars without such features are more prone to theft and hence not liked by the companies who pay up for covers. Install a security system and see soaring high premiums being lowered down instantly. The payment option is another way of reducing the costs involved in insuring your car.
Recent studies after observations show that the payment when made at once is cheaper compared to the instalment way. Monthly payments include extra added fees and so cost a little more. No doubt, the monthly methods are conveniently suitable but think over again if you are up for reducing the costs.
The least of distance travelled and safe driving can really be of help while battling with high premiums. Long distances increase the chances of accidents and so high prices cannot be blamed. If possible cut down on distance and insurers would happily do the same to your premium amounts. Safe driving is the next trick one can follow. Speeding can result in points issued and when crossed beyond the limit, licenses getting confiscated are normal. Good driving skills and accident free records can work your way. Insurers offer bonus in form of discounts in premiums to be paid. In some cases it has cut down to reaching half way mark, costing similar to any cheap car insurance policy.
Buying the cheapest policy need not necessarily be the wisest of decision one can make. Cheap policies often miss out on most damages to be covered and can be troubling while making claims. Read the clauses beforehand to avoid getting ditched because such claims can be of lengthy duration in case of contrasting views.