| Need To Save On Car Insurance? Read This... |
 |
 |
 |
| Written by Jenny Du Toit |
| Friday, 26 March 2010 14:45 |
|
As the inflation is rising at an alarming rate, globally its very important to think twice before we spend any money. It's been statistically proven that consumers who purchase fast cars are in fact fast drivers. The good news is that by following some of the tips listed below, we can cut back on our car insurance costs and make some real savings. Fast driving indeed increases the chances of accidents, which is a well known fact to insurance companies. The insurance company sees this as increasing your potential risk and accordingly they will charge you more in premium payments. When thinking about purchasing an additional car, you should give consideration to buying a model with a smaller engine capacity.
As the inflation is rising at an alarming rate, globally its very important to think twice before we spend any money. It's been statistically proven that consumers who purchase fast cars are in fact fast drivers. The good news is that by following some of the tips listed below, we can cut back on our car insurance costs and make some real savings. Fast driving indeed increases the chances of accidents, which is a well known fact to insurance companies. The insurance company sees this as increasing your potential risk and accordingly they will charge you more in premium payments. When thinking about purchasing an additional car, you should give consideration to buying a model with a smaller engine capacity. The less risk there is of the company having to pay you out for theft, the lower your premiums will be. Installing a tracking device will save you money even though you have to pay for the tracking. Check your insurance policy to determine if there are some items like reasonably priced security devices that you can utilize to affect your premiums. Although it may sound unusual, insurance premiums are less when people are married. Why is this the case? Insurance providers know that, statistically speaking, married people spend more time at home. This reduces the probability of an accident. Furthermore, when all the party animals leave the nightclubs, you'll more than likely be at home instead of on the roads at such a hazardous time. Unfortunately if you don't qualify for this yet then you'll simply have to wait your turn because it's a fact, older drivers pay less simply because they are no longer as reckless as young drivers. A mature driver has the experience to handle most situations that may arise when driving in traffic. The easiest way to make your premiums higher is to have an accident. If you are in an accident, your insurance company will consider you to be a financial risk and in turn, they will respond by increasing your premiums. But then if you don't get into any accidents, then you will be seen as a person who requires insurance instead of someone who needs insurance. You might already be aware that a number of insurance companies offer "No Claim" bonuses. Staying accident free is the single most effective means of keeping your premiums at a minimum. We all know that it is not by choice that we make accidents, it is by accident...so the luck fairy surely plays a big role here. The only things that you can do to prevent higher premiums are: drive within the speed limits, drive safely and install a tracking device. And then you should be patient and wait until you are older and your car becomes older - then you too will benefit from lower car insurance premiums. Drive safely! DISCLAIMER: This article is provided as information only and is not to be taken as financial advice. The author provides free car insurance quotes to South African citizens. To read more on car insurance visit getinsurance.co.za |
| Last Updated on Wednesday, 31 March 2010 13:24 |