ESSENTIAL TIPS ON HOW TO SAVE HEAPS ON CAR INSURANCE

With recent studies indicating that approximately 48% of Australians drive, it can be gathered that road accidents do occur frequently. In 2008 alone, there were a total of 1,454 deaths on the road. Insurance is there to provide protection against such accidents along with theft of the vehicle and damage by fire. With the minimum driving in most states being 17, insuring a car can be expensive. This article will give you some advice on how to lower your car insurance regardless of your age or gender. By following these simple steps, you could find that you save a lot of money.

Firstly, make sure you know what offers are available. Don’t simply go to one company or website. Because each company has its own variables which they use to calculate your insurance and alter your premium, different companies will offer different prices.

Secondly, getting the lowest deductable isn’t always the best thing to do. By increasing your deductable (the money you pay before the policy begins), the premium of your car is likely to be reduced.

Thirdly, not many people realise that volunteering to carry out a state-approved defensive driving course can be very beneficial. Not only will you be saving a lot of money on your annual insurance, but the skills you will learn could benefit you greatly in an emergency.

Even though we would all like to own an impressive sports car, the reality is that the lower the insurance group the better, especially for the first car. Buying a low insurance group car can save you a small fortune as companies will offer lower insurance policies if they believe there is a smaller chance of you crashing.

Another great tip is to pay your entire year’s premium at once. This could be expensive, but by doing this, you do not have to pay additional interest throughout the year which would increase your overall price in the long run.

In addition, by improving the security of your vehicle, you can be sure that your insurance costs should plummet. Plus, by fitting a tracker device to your car which observes how many miles you drive in general, insurance companies could give you a reduction.

Further, by parking your car in a garage, you actively reduce the chance of your car being stolen and as a result your premium could be reduced by as much as 20%.

Opting for a lower coverage policy is also a good idea as choosing a policy which offers less cover will cost you significantly less. However, before making such as decision, it is important to decide whether saving money is worth limiting your coverage.

Reducing your annual mileage will also reduce your car insurance, a reduction which can be proved by the tracker devices mentioned earlier. The less you are on the road, the less likely you are to have an accident. Reducing your mileage could be easier than you think. Simply walking to a friend’s house instead of driving will have an impact on your premium and could also save you money in petrol – those miles add up.

Another great way to lower your auto insurance is to keep a clean driver’s license. Regardless however minor a conviction may be, insurance companies will not take kindly to such sanctions and you can be assured that your premium will increase significantly. After all, if you are a notorious speeder, you are more likely to have an accident.

Car insurance may be expensive but unfortunately, it is necessary. If we do have to pay something, why not make efforts to pay less?