Obtaining the best car insurance deal can be quite confusing and there are so many different offerings out there. We could find a number of simple tricks that allow us make some real savings on our car insurance bills. In this case, we need to understand how car insurance companies do their business and how we could obtain the best deals. We need to understand that insurance is related to inherent levels of risks. In essence, car insurance companies are making bet that we won’t be involved in some kinds of accidents in the near future, so they can obtain a profit from our premiums. Here are things we should do to reduce our risks:
- Park off street: One of the biggest factors related to our risk profile is by determining how safe our car us, when we park it. If our area has higher crime rate, it could contribute greatly to our costs. It means that we should be able to prove to insurers that we don’t park our car on the street. We should park off-street, preferably in a secure, locked garage with solid walls. Even if we are able to park the car in our driveway, we could still get a small discount with our insurers.
- Secure our car: We need to improve the security level of our car and this could play a huge part in ensuring that we could get our insurance down. Many cars come with immobilizer, so thieves won’t be able to hotwire the car and drive it without a key. Even by using steering wheel lock we could get some discount. It is important to add security systems beyond the typical car alarms. We should make sure that car insurance is fully aware of our security devices.
- Pay upfront: If we pay upfront, as an example paying quarterly or annual instalments, insurers will consider that we have lower risks. This should be a good way to spread costs over a specific period of time. If we are financially capable of paying in full for the whole year, then we should do so. We will avoid getting extra charges during the whole process.
- Become a better driver: We should drive safe consistently and after one year of spotless driving records, we should be able to secure a discount. The longer a good driver is with them, insurance company is more likely to offer better discounts. By getting discount, we should be able to reduce our costs and we should weigh up whether we can make a claim. To become a certified better driver, we can take advanced driving course and bring a copy of our certificate to our insurer.
Becoming a low-risk driver is an easy thing to do and it’s a big step in ensuring that we are able to reduce overall insurance costs. It should be much easier to get the best deals and we should choose insurers that allow us to establish good positions.