Four Tricks to Decrease Car Insurance Premium
Installing advanced safety
features in vehicle and avoiding small claims are among the various ways in
which auto owner can cut down on their annual premium. Below are few ways to
reduce car insurance premium:
·
Increase your Deductible
Auto
owners can decrease their vehicle insurance premium by raising the deductible
factor, which is what policyholders pay when they register claims. But, decide
the amount which you can afford in the long run. In case insured mention to pay
too much, the main purpose of policies is defeated.
·
Don’t Register Small Claims
If a
person buy online car insurance and don’t register a claim, then he or she will
be entitled to receive a no-claim bonus for all claim free years. Do not file
claims for small issues such as broken tail light or minor scratch in accident.
In fact, the local garage may reduce the repair costs.
·
Transfer Your No-claim Bonus
Vehicle
insurance is associated to the person who buy the policy and not to the care.
In some cases, agents may hide this information from customers. As per this
benefit, the accumulated bonus can be transferred to the new vehicle
policyholder purchase. Therefore, keep the car insurance policy in your name at
the time of selling a car.
·
Compare Auto Insurance Premiums Online
Now,
insurance companies in India provide online car insurance coverage. Sometimes,
if auto owner modify the vehicle, then the policy will not cover it under a
plan. Some car dealers offer insurance at zero cost or low price, but generally
it is only for the first few years.
·
Anti-theft Coverage a Must
Insurance
experts suggest auto owners to install advanced safety features such as
steering lock, an anti-theft alarm, gear lock etc in your vehicle. It helps to
decrease car insurance
premiums at least by five percent.
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