With petrol prices gaining momentum and expected to remain unbelievably high this summer season, it definitely makes sense to look for other ways to save on automobile-related costs, such as insurance. Getting cheap car insurance is actually as easy as one, two, three.
Currently you may feel that your insurance company or insurance companies in general have all the power when it comes to rate determination, but in actual fact you are the one in the driver's seat. You control a lot if not all factors that determine insurance costs, from how and what you drive to the type of plan you choose.
Check out my three steps to capping high insurance costs this summer:
Step one- Comparison
It's a fact like no other that insurance premiums and excesses vary significantly from company to company. It thus pays or rather saves to do a little policy shopping. It is however of utmost importance to keep in mind that the cheapest deal may not always offer the best benefits in terms of coverage. It's recommended that you look for a combo of good coverage and a great rate. Cheap car insurance is worthless if the policy doesn't meet your coverage needs or State requirements.
Comparisons are best conducted a major life change is experienced. These events include changes to marital status, child or driver additions, moving home or new car purchasing. Mentioned events have a sure-fire impact on insurance rates you may qualify for.
Step Two- Improve your driving
A good driving record is a great bargaining chip during affordable yet quality insurance shopping. The primary thing insurance companies are interested in is minimizing risk as much as they possibly can, and drivers with clean driving records are generally considered to be a substantially lower risk. You should thus always practice safe and courteous driving.
Step three- Insurance considerations when purchasing a vehicle
Your vehicle's make and model directly affects your insurance rate. Should you thus be in the market for a new car, it will make sense to do necessary research on the insurance expense associated with the vehicle you're considering.
Insurance companies give consideration to numerous factors when assigning premiums and excesses to a particular vehicle, including the vehicle model, body type, vehicle class, safety features such as ABS Brakes and if the make and model is a popular target for car thieves.
Once you've narrowed down your list of possible cars to only a few candidates, you should contact your current insurer and get quotes for coverage on your list of cars.
