It's not impossible for even those in South Africa to find the right car insurance if you understand your cover options and the techniques needed to save on car insurance premiums.
You can choose from three basic types of car insurance cover: Third Party, Third Party Fire and Theft and Comprehensive. Third Party is the minimum cover and pays for damage to other people's property caused by an accident that is your fault. Third Party Fire and Theft adds to the minimum by including cover for damage caused by theft, attempted theft and fire. Comprehensive Cover includes all of this and pays to cover damage to your own vehicle in an accident that is your fault.
While Comprehensive Cover costs the most, it also provides the greatest amount of coverage. Most South Africans should probably get this kind of insurance to cover all of the risks that they face. Now how do you get this insurance at the best price? These are ten tips that can reduce the cost of your insurance. Not all of them will work for you, but at least some of them will be effective for everyone.
If you are in the market for new insurance, the first thing you need to decide is what you want in your policy. You have decide what are you looking for the policy to cover. How much of deductible do you want, and how many cars are you going to cover. And if you own money on one or all of them, make sure that you have complete coverage. The best thing to do is do some research and then compare companies. That way you can make sure you make the best decision you can for what the cost is and for what you want.
If you can afford it, raise your excess amounts to save money in the long run. Just be sure you can pay the excess when you file a claim.Each policy comes with an minimum excess amount. This is the amount you will be responsible to pay in the event you file a claim.
There are benefits to being a safe driver and having a good driving record. If you are safe driver and go a year without claims many insurance companies offer discounts on your premium. If your insurance company does not offer this you might want to look for one that does.
High performance and expensive car models cost more to insure due to their increased risk profile and expensive replacement parts. Be sure to include your insurance premiums in your car shopping budget. Always consider your insurance costs when you're shopping for a vehicle.
Consider moving, not only for better premiums, but for your own personal safety.Your premiums will reflect that due to the increased risk of your car being stolen or hijacke,if you live in a high crime area.
You could get a discount if you park your car in a locked garage or behind locked gates overnight. Keeping your vehicle off the street at night reduces the risk that it will be stolen or damaged, therefore reducing your premium.
Insurance companies tend to require minimum security requirements for insured vehicles. By adding devices like global tracking devices or gearlocks, you can exceed the minimum requirements and be eligible for a discount.
The number of people that are allowed to drive your car will effect your premiums. So when shopping for insurance, it is best to keep the people on the policy as low as possible. The reasoning for this is that the less people that drive the car will make it a lower risk for accidents or things happening.
As with many companies, insurance companies do have room to negotiate. Flexibility and negotiation can put a good insurance plan in your budget. The one thing you have going for you is that they want your business, and sometimes companies have to be flexible to get it.
You can choose from three basic types of car insurance cover: Third Party, Third Party Fire and Theft and Comprehensive. Third Party is the minimum cover and pays for damage to other people's property caused by an accident that is your fault. Third Party Fire and Theft adds to the minimum by including cover for damage caused by theft, attempted theft and fire. Comprehensive Cover includes all of this and pays to cover damage to your own vehicle in an accident that is your fault.
While Comprehensive Cover costs the most, it also provides the greatest amount of coverage. Most South Africans should probably get this kind of insurance to cover all of the risks that they face. Now how do you get this insurance at the best price? These are ten tips that can reduce the cost of your insurance. Not all of them will work for you, but at least some of them will be effective for everyone.
If you are in the market for new insurance, the first thing you need to decide is what you want in your policy. You have decide what are you looking for the policy to cover. How much of deductible do you want, and how many cars are you going to cover. And if you own money on one or all of them, make sure that you have complete coverage. The best thing to do is do some research and then compare companies. That way you can make sure you make the best decision you can for what the cost is and for what you want.
If you can afford it, raise your excess amounts to save money in the long run. Just be sure you can pay the excess when you file a claim.Each policy comes with an minimum excess amount. This is the amount you will be responsible to pay in the event you file a claim.
There are benefits to being a safe driver and having a good driving record. If you are safe driver and go a year without claims many insurance companies offer discounts on your premium. If your insurance company does not offer this you might want to look for one that does.
High performance and expensive car models cost more to insure due to their increased risk profile and expensive replacement parts. Be sure to include your insurance premiums in your car shopping budget. Always consider your insurance costs when you're shopping for a vehicle.
Consider moving, not only for better premiums, but for your own personal safety.Your premiums will reflect that due to the increased risk of your car being stolen or hijacke,if you live in a high crime area.
You could get a discount if you park your car in a locked garage or behind locked gates overnight. Keeping your vehicle off the street at night reduces the risk that it will be stolen or damaged, therefore reducing your premium.
Insurance companies tend to require minimum security requirements for insured vehicles. By adding devices like global tracking devices or gearlocks, you can exceed the minimum requirements and be eligible for a discount.
The number of people that are allowed to drive your car will effect your premiums. So when shopping for insurance, it is best to keep the people on the policy as low as possible. The reasoning for this is that the less people that drive the car will make it a lower risk for accidents or things happening.
As with many companies, insurance companies do have room to negotiate. Flexibility and negotiation can put a good insurance plan in your budget. The one thing you have going for you is that they want your business, and sometimes companies have to be flexible to get it.
About the Author:
Tom Martens is the syndication coordinator for Carinsurancesa.co.za. South Arica's leading car insurance portal.
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