Cheap Car Insurance September 27, 2007
Posted by admin in : Car Insurance Articles , add a commentAuthor: Nelson Smith
Article:
Cheap Car Insurance. Is there any such thing? Well, let’s just
say that no car insurance is cheap these days, but there are car
insurance deals that are considerably lower than you are
currently paying. What are the criteria to obtaining Cheap Car
Insurance? 1). There are a few obvious factors. If you are
insuring an expensive car then you can expect to pay much higher
premiums, after all, if the car gets stolen or damaged, the cost
of repair or replacement will be much higher for the Car
Insurance Company. So you may need to consider buying or
replacing your car with a cheaper model. 2). The engine size of
your car will greatly impact on the cost of your car insurance.
Lowering the engine size will lower your premiums. 3). A car
alarm will reduce the chance of theft, therefore car insurance
companies will reward you for any security enhancements made to
your car. 4). Storing your car in a garage overnight is also a
big factor. A great many thefts are made during our sleeping
hours! 5). Insurance companies also favour vehicles with extra
safety equipment, such as ABS and side air bags. 6). Watch your
credit score.
Car insurance companies are relying more and more
these days on credit scores. Statistics are showing that people
with low credit scores are making more claims, so insurance
companies are penalising those with low credit scores. 7).
Choose a higher deductible/excess. By choosing to pay a higher
excess on your motor insurance policy, you could bag that ‘cheap
car insurance’ that you’re after. Beware though, by going for
this option, you will have to ensure that you can financially
afford the excess amount if you make a claim. 8). Avoid making
small claims at all times. If the claim is less than your
excess, it’s pointless adding a claim to your record. Sometimes
the actual claim is only marginally higher than your excess. If
you could find the extra cash, this would avoid penalties by
your insurance company resulting in higher premiums the
following year. So, let’s sum up the best way to get Cheap Car
insurance. Follow as many of the above steps as possible.
Maintain a clean driving record. Drive safely and avoid speeding
fines and tickets. Try to make no claims. When you make no
claims, you build up a ‘no claims bonus’. Over a period of time
this will escalate and reduce your premiums drastically.
Finally, if all else fails and you are prepared to take the
risk, you could forgo comprehensive insurance and have third
party only. This is the easiest way to get cheap car insurance
but you must know that in the event of an accident you will only
be covered for the damage on the third party car. So you need to
decide whether you could potentially afford to repair/replace
your own car if this scenario was to happen. As a rule of thumb,
you really do get what you pay for, so shop around, go online
and find the ‘BEST Cheap Car Insurance’ that you can!
About the author:
Nelson Smith writing quality articles on cheap car insurances
for more imformation visit my website at
http://www.car-insurance-deal.com/
