5 Ways Of Limiting The Cost Of Your Car Insurance

The Cost Of Your Car Insurance

Everyone always looks at a way of saving an extra buck and there are ways of saving money as far as car insurance is concerned. While getting online insurance quotes, you can always do online insurance comparison to enable you go for the cheapest cover. Should this not suffice, the below methods can be employed.

Carefully chose your car

Insurance companies divide vehicles into 50 categories according to various factors like cost of repair and the engine capacity. The rate of the premiums goes up depending on how high your car is rated. Before getting the new car, check where it is rated by insures. Again, to keep the premiums low, do not pimp up your car; let it stay natural as possible.

Mileage limitation

There is a high risk of accidents on busy roads during the rush hour periods and the risk goes lower during the weekend. If you chose to drive your car during the times that the accident risk is very low, then you can use as a negotiating factor while determining the premiums to pay. The mileage can be calculated to help arrive at the risk factor. While using this factor, you should be careful to get the mileage right as going beyond the agreed limit will render the policy invalid.

Do not claim

There are accounts known as non-claims discounts (NCD) offered to drivers who go for an amount of time without claiming. If you go for about 5 years without claiming, then NCD can reduce your premiums by up to 50 percent. In minor accidents that do not do much damage, cover the repair costs yourself as this build up your NCD.

Take advantage of online discounts

Most insurance companies will offer discounts to clients who buy and renew their policies online. This comes about because the online process is easy and cheap to process. If possible, pay for the policy all at once, as this avoids the cost of interests that come with monthly payments.

Make your car hard to steal

One way of paying less for your car insurance is making your car hard to steal. Get an alarm for your car and install an immobilizer. If your car is expensive, you can install a tracking device hence you and the insurance company can always know where the vehicle is. This has an added advantage as the tracking company can also monitor your car and should any suspicious activity get noted, they can discreetly notify the police and they in turn get to where your car to confirm its safety.

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Title Post: 5 Ways Of Limiting The Cost Of Your Car Insurance
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