Insurance Tips - Getting Cheap Car Insurance In South Africa
Getting cheap car insurance is usually a process we hate to go through
. You never really know if you are getting a good deal. The following tips can help you get cheaper car insurance and knowing that you are covered in the event that you claim.
Shop Around - Insurance companies are not all the same.Insurance companies may consider different types of people as lower risk, with cheaper premiums. Get quotes from a few insurance companies.
Get Cover that you Need - Third party insurance covers any damages where you are at fault. It is also cheaper. The catch is that your car is not covered for damages. In this way you are not resposible for the total amount needed to fix the other parties car. You only pay the excess. Third party insurance is recommened for older cars where the cost of your repairs are not as high as new cars. Newer cars, especially financed cars, should take out comprehensive cover.
Insuring Valuables - Insurance companies may offer to insure your valuables for an extra monthly fee. This may be of useful if you are insuring your wedding ring, but keep these additional extras to a minimum.
Voluntary Excess - Increasing your excess can reduce your monthly premium by a fair amount. Ask your insurance company to increase your voluntary excess to an acceptable amount to get cheaper car insurance.
Alarm system - Installing an alarm system reduces your cars risk of being stolen. Reduced risk means reduced premiums.
Tracking Systems - Most insurance companies will reduce premiums after you Install a vehicle tracking system. Check with your insurer beforehand.
Advanced Driving Course - Find out if you qualify for discounted rates after attending an advanced driving course. Not only is it great fun, but may also get reduced premiums.
Spouse - Your spouse may qualify for cheaper insurance than you based on risk profile. If so, let your spouse take out the policy on their name. Just remember to state who is the regular driver of your car/s.
Negotiate Premium Increases - Your insurance premiums are likely to increase every year. Plan ahead and negotiate your policy increase before it happens. If that fails, start shopping around before the increase.
Add Household Insurance - It may be a good idea to insure your household contents along with your car. This however depends if your insurer offers this service. In some cases your overall car premium will drop.