Tips For Purchasing Car Insurance

Estimated reading time: 2 mins

If you are in the process of looking for a car insurance, you may be feeling completely lost, like you don’t even know where to begin with your search. After all, there are so many different plans and policies to choose from. Read on to discover some tips to help you find the right policy for you.

Time it right

The day you request a quote for car insurance is important. Don’t leave it too late, or expect to pay more. The closer your quote is to the intended start of the policy, the higher the price will be. Many people spend much more than they need to by not following this important tip.

Go for annual cover (if you can afford it)

Which is better – paying for your car insurance monthly, or annually? The first tip is that you should pay for your cover annually if you can afford to. Most insurers will give you the option of paying for your cover in two ways – an annual lump sum or monthly payments. While monthly payments may be more manageable, you can often end up spending more, as insurers charge interest for choosing this option.

Make sure the policy is right for your circumstances

There are so many different types of auto insurance policies out there, so you need to make sure you select the right one for you. If you are simply looking for protection while driving your own vehicle, you can look into the likes of comprehensive cover and third party, fire, and theft policies. However, you need traders insurance if you are thinking about buying a few cars and selling them at a higher price. Can anyone get traders insurance? Only if you are a trader – you don’t have to be full-time, though. In fact, it is a legal requirement for all traders to have this policy.  

Don’t modify your vehicle

Another piece of advice is to avoid modifying your car. It may be tempting to upgrade your vehicle, but even a small modification can cause your premiums to rise. If you are planning to make any changes to your car, it is wise to discuss this with your insurer first so that you can be sure it won’t impact your premiums. Conversely, any modifications that are designed to improve the safety of your vehicle can save you money on your premiums, for example, the installation of an alarm.

Set the excess correctly

Finally, make sure you set the excess right. You can reduce your monthly premiums by increasing your excess. But, if you set the bar too high, you will make claiming either too expensive or, quite simply, pointless.

So there you have it, some top tips to help you find the right car insurance plan for you at the right price. If you are yet to purchase your vehicle yet, it is important to recognise that the make and model you choose will also have an impact on the amount of money you pay, so do keep this in mind. There are plenty of resources in line that can give you a good indication regarding the cheapest vehicles in terms of insurance and the most expensive too.

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