Check out: 9 ways to reduce your car insurance premium
Owning and maintaining a car generally costs a lot of money. But it does not necessarily leave you broke. If you are also one of the victims of insurance companies and paying higher premiums on your car insurance, read on to find out the ways you can adopt to reduce the premium on your car insurance:
July 20, 2011 / 12:58 IST
By Rupeetalk.com
Owning and maintaining a car generally costs a lot of money. But it does not necessarily leave you broke. If you are also one of the victims of insurance companies and paying higher premiums on your car insurance, read on to find out the ways you can adopt to reduce the premium on your car insurance: Use Safety MeasuresWith the use of safety measures like anti-theft alarms, airbags, anti-lock brakes, you would be lowering the changes of risk for your vehicle, which would turn in the lesser chances of claims. Here, if you have installed such devices in your car, the insurance company would charge you with lesser premium amount considering the lower probability of filing a claim. Ensure Safe Driving HabitsInsurance companies look for factor to determine safe driving parameters before deciding the premium rates for each policy. Under this, to boost your safe driving habits, you have pitch for the lower insurance premiums on the basis of your history of no claims. Also, in case you have a certificate of training from well-known driving schools, it will help you get the lower car insurance premium. On the other hand, in case you have a history of accidents, insurers are likely to charge significantly increased premiums. However, if you have not had any accident in the past eight to ten months, you can contact your insurance agent and ask if you qualify for a special discount in premium payment.Buy OnlineTo get lower premiums, it is advisable to buy insurance policy online as online insurance policies are marginally cheaper than the ones which are bought offline. It is because of reduced distribution and commission charges, on the part of insurers. Insurers like to pass on this reduction in the cost to the consumers in today
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