No matter where you are, the law of every country requires you to insure your car if you own or drive it. The general notions of the people are that the best car insurance deals can be availed only through brokers. It is assumed that the brokers make use of their contacts in the insurance companies to gain the best possible car insurance deal. But a careful analysis will tell you that enjoying the advantage of maximum discounts and inexpensive car insurance is a job that can be undertaken even by you.
Points to be analysed in insurance selection
A close study will reveal that there are about ten determinants influencing the amount of insurance premium to be paid by you, of which are few are flexible, the rest rigid. One of the key elements that define the amount of premium payable by you is the driving history. An individual with over a five year valid licence is expected to pay 60% less than another who had just got hold of one. So keeping in mind of this factor can help you in reaping the discount once the five year is completed.
The type of the car is another major car insurance premium determinant. The bigger the engine, the larger is the premium payable by you. So if you have not purchased a car yet, make a careful evaluation before making a buying decision. The larger premium is made on the assumption that you having the power to pay the increased amount if you can afford a bigger car. So if you are on the look out for cheaper insurance, think shrewdly and invest wisely.
There are many other factors that define the cost of insurance. Your neighbourhood and the place where the car is parked throw light over your standard of living, making it a factor in premium determination. The insurance companies also make it a point to identify whether the owner of the car holds any criminal record before issuing the insurance. Alterations made on the car that differs from the factory setting have a voice in the issuance of insurance. Some auto insurance companies refuse to insure the car if the number and type of modifications made are major when compared to the factory settings.
Online insurance calculator
Today one can find many car insurance premium calculators online that tell you the best car to buy within your budget after taking into consideration the cost to get it insured. There are many private insurance companies offering the quotes online and the insurance comparison websites telling you how much it costs to insure your car with the various insurance companies.
Seeking discounts
The biggest drawback of online sources is that many of these sources refuse to provide information on the discounts you can avail from them. Keeping this in mind, always make it a point to call up the company or meet in person the dealers to identify the discounts you can enjoy. If you are getting your car, house and its contents insured by the same company, ask for the package discounts for the mass insurance or cash up front discount that typically comes to 10% of the lump sum premium paid by you instead of the monthly installments.
For more great articles and the best way to find inexpensive car insurance [http://www.cars-stuff.co.uk/inexpensive-car-insurance/] be sure to follow the link and give cars-stuff a read.
Article Source: http://EzineArticles.com/?expert=Scott_Dobson
Article Source: http://EzineArticles.com/2987390
No comments:
Post a Comment