Cheap Car Insurance

Category: Finance, Insurance.

Cheap Car Insurance. 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.

Is there any such thing? What are the criteria to obtaining Cheap Car Insurance? 1) . If you are insuring an expensive car then you can expect to pay much higher premiums, if the car, after all gets stolen or damaged, the cost of repair or replacement will be much higher for the Car Insurance Company. There are a few obvious factors. So you may need to consider buying or replacing your car with a cheaper model. 2) . Lowering the engine size will lower your premiums. 3) . The engine size of your car will greatly impact on the cost of your car insurance.

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) . A great many thefts are made during our sleeping hours! 5) . Storing your car in a garage overnight is also a big factor. Insurance companies also favour vehicles with extra safety equipment, such as ABS and side air bags. 6) . Car insurance companies are relying more and more these days on credit scores. Watch your credit score.

Statistics are showing that people with low credit scores are making more claims, so insurance companies are penalising those with low credit scores. 7) . By choosing to pay a higher excess on your motor insurance policy, you could bag that cheap car insurance that you re after. Choose a higher deductible/ excess. 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) . If the claim is less than your excess, it s pointless adding a claim to your record. Avoid making small claims at all times. Sometimes the actual claim is only marginally higher than your excess.

So, let s sum up the best way to get Cheap Car insurance. If you could find the extra cash, this would avoid penalties by your insurance company resulting in higher premiums the following year. Follow as many of the above steps as possible. Drive safely and avoid speeding fines and tickets. Maintain a clean driving record. Try to make no claims. Over a period of time this will escalate and reduce your premiums drastically.

When you make no claims, you build up a no claims bonus . Finally, if all else fails and you are prepared to take the risk, you could forgo comprehensive insurance and have third party only. So you need to decide whether you could potentially afford to repair/ replace your own car if this scenario was to happen. 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. As a rule of thumb, you really do get what you pay for, go online and, so shop around find the BEST Cheap Car Insurance that you can!