Due to the uncertainty in the current economic condition, most consumers tend to reduce household expenses. While on look out for cutting expenses the premium paid on car insurance gets the first place. Car insurance is in fact an evil but very much necessary. A car insurance premium is nothing but a regular amount paid (may be monthly) to the insurance provider by which in the case of an accident the insurance provider takes charge of fixing the damages to your car. It is something no one is pleased to pay basically because, though you have to pay it even at times when don't want it yet at last when you need, it becomes a heck of work to get your money from the insurance providing company to repair your damaged car.
Usually it is by increasing the deductibles that reduction in insurance premium in gained. Deductible is that amount paid from your hand when a car insurance claim arises.
Though one might be tempted to increase the deductible for getting a lesser monthly premium, you must be able to set aside an amount equal to deductible to be used in the event of an accident else you must wait till you raise that amount. Once you have set aside the necessary amount equal to the deductible, there are other things you have to consider like your driving habits and the chances of a car accident.
The coverage you need also varies. I actually found cheaper insurance by raising the coverage on my auto insurance with one company. Make sure you are getting the coverage you need. If someone without insurance hit your car, are you covered? Does it cover personal property that is damage, like the DVD players? If you are in an accident, will they pay for a rental car? When you are talking to your insurance agent, make sure you get the coverage you want.
Safe drivers can also get a discount. I had a car accident, my car was hit while parked, but my insurance went up, even though it wasn't my fault. For the next 3 to 5 years after the accident, I still had to claim it every time I shopped for insurance. Speeding tickets and DUIs need to be claimed also so improve you driving habits and lower your insurance premium.
Considering that it is possible to keep driving without any accident for 3years and 4months, but there are others on the road who are less efficient which naturally raises chances of involving you in an accident. Again, city dwellers are very much familiar with traffic, rush and reckless driving. Therefore if you are driving mostly in urban area, your chances of getting an accident is very high and so you have to reconsider raising the car insurance premium deductible.
Knowing you are a safe driver doesn't mean you don't need insurance. You can't control others or mother nature. So answer this question, do you need your car? If the answer is yes, then you need car insurance. So if you are trying to save money, shop around for discounts, but don't cut your insurance. - 29970
Usually it is by increasing the deductibles that reduction in insurance premium in gained. Deductible is that amount paid from your hand when a car insurance claim arises.
Though one might be tempted to increase the deductible for getting a lesser monthly premium, you must be able to set aside an amount equal to deductible to be used in the event of an accident else you must wait till you raise that amount. Once you have set aside the necessary amount equal to the deductible, there are other things you have to consider like your driving habits and the chances of a car accident.
The coverage you need also varies. I actually found cheaper insurance by raising the coverage on my auto insurance with one company. Make sure you are getting the coverage you need. If someone without insurance hit your car, are you covered? Does it cover personal property that is damage, like the DVD players? If you are in an accident, will they pay for a rental car? When you are talking to your insurance agent, make sure you get the coverage you want.
Safe drivers can also get a discount. I had a car accident, my car was hit while parked, but my insurance went up, even though it wasn't my fault. For the next 3 to 5 years after the accident, I still had to claim it every time I shopped for insurance. Speeding tickets and DUIs need to be claimed also so improve you driving habits and lower your insurance premium.
Considering that it is possible to keep driving without any accident for 3years and 4months, but there are others on the road who are less efficient which naturally raises chances of involving you in an accident. Again, city dwellers are very much familiar with traffic, rush and reckless driving. Therefore if you are driving mostly in urban area, your chances of getting an accident is very high and so you have to reconsider raising the car insurance premium deductible.
Knowing you are a safe driver doesn't mean you don't need insurance. You can't control others or mother nature. So answer this question, do you need your car? If the answer is yes, then you need car insurance. So if you are trying to save money, shop around for discounts, but don't cut your insurance. - 29970
About the Author:
Graham McKenzie is the content syndication coordinator for Carinsurancesa.co.za, a leading South African car and vechile portal, which helps people save on their car and vechile.
