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It is mandatory in most countries on the world to have insurance cover for your car by the time you take it to the road. Apart from a few countries like South Africa, car owners must buy either third party or comprehensive covers. Now that insurance is not so much a matter of choice, you can get covered without having to empty your bank account.
Cheap car insurance is available.
Firstly, you have to know what your status as a car owner is. This status is determined by such factors as your past driving history, your claims history, your age and the value of the car you wish to insure.
There is no point to insure a car that is worth less than 2000 with a comprehensive cover. It might turn out to be expensive for nothing while the total amount payable in case of a claim is not much really. For more expensive cars, comprehensive insurance is a must and finances usually insist on it. You do not have to worry about getting your claim serviced no matter who caused the particular damage or accident.
When it comes to your age, being 25 years or younger is enough to hike the premiums for your cover. So is being over 75. It is a belief that is backed by money that a young driver and a senior citizen are high risky drivers. They are expected to cause accidents any time and as such must pay higher premiums to cover for the possibility of multiple claims.
Your driving record is another measure that cover agents use to give you a quote. The more times you have broken the traffic law, the more you pay for your cover. A single speeding point can cost you up to 5 percent over and above ordinary premium and two such speeding points can cost you 25 percent higher premiums for exactly the same cover.
These three indicators are used with vicious exactness to place your premiums level. The trick is to keep your claims few. Repair the car on your own if the damage is not much. Make sure you do not over-speed. It takes a whole four years for your license to be cleared of those speed points. The insurance fraternity do not register this change for another extra year. If you are under 25 years, register your car cover alongside some other older persons name even if they will not be driving it often. As much as possible, pack the car in areas where they are not likely to be vandalized or stolen.
The last point in our auto-insurance rating is the value of the car. The higher the value, the higher the premiums you will have to pay for it. The rationale is that in case of a claim, you would be compensated quite a load of money and the insurance company would be making a loss.
Finally, to have your cheap car insurance, avoid a combination of these risk factors. If you are 17, keep your record clean and don't drive expensive four wheelers.
