11:29 21 February 2013
A lot of car owners are paying more than they should on their car insurance. This is because insurers have very clever ways in increasing the premiums. But you don’t have to fall for their tricks.
You can lower your car insurance premiums by simply following these steps:
1.Shop and compare. Start by getting quotes from 4 to 5 reputable insurers. Through this, you’ll know what type of coverage is available out there and at what price. This will empower you to make wise decision by choosing a policy that offers you with what exactly you need.
2.Increase your excess. If you’re a very good driver and if have the skill of avoiding accidents, you may consider increasing your excess. When you do this, you lower the risk for the insurance company, thus, they can offer you with lower premium. You can save a lot of money by doing this so long as you don’t have an accident.
3.Convince your insurer that your car is safe. If you have a sophisticated safety devices installed in your car or if you park your car in a very secure garage everyday, make sure that you highlight that in your application. This will convince insurers that you are more unlikely to make a claim.