How To Keep Your ‘Car Insurance Cost’ Low?

It takes a lot to maintain a car and keep it in good condition. Spending huge money to do the same is very common for car owners, especially when it comes to getting good quality tires from tire supplier. But even after maintenance you might get into accidents that can damage your car. This is where car insurance comes in. Here we have given some tips on how to cut back some of these car insurance costs.

The type of car and the type of insurance, both factor in a lot in the insurance cost. The type of car you drive can affect the cost of car insurance. Some cars are very expensive to repair if damaged and others are frequently involved in insurance claims and seen as high risk. If you are buying a new car then look for one in a low insurance group. It is also important to choose your insurance and insurance company wisely. Before you take an insurance for your car, compare all the companies available in the market. Get at least three different price quotes and then choose. You may also look for recommendations from your friends and family and choose insurance accordingly.

Drive safely
Driving safely is the easiest way to cut insurance costs. If you drive safely, you would be able to stay away from accidents and collisions. Also, if you use off-road tires while driving in dangerous roads, it would keep your car from damage. This can help reduce insurance premiums to at least 5-6%.

Ask for higher deductibles
Deductibles are what you pay before your car insurance starts working. By mentioning higher deductibles, you can bring down your expenses considerably. For instance, increasing your deductible from ₱300 to ₱600 could diminish your collision and comprehensive coverage cost by 15-30%. Setting off to a ₱1,000 deductible can give you 40% or more. Before picking a higher deductible, make certain you have enough cash put aside to pay it if you suddenly have a claim.

Think twice before claiming
A standard method is to claim if your vehicle is harmed and needs cash to fix. But you should think about No Claim Bonus which means if you don't use insurance for a year, you can get a discount on your premium. Use it when you need a large sum of money to fix your car don’t use it for a small sum. Think twice before choosing to claim.

Maintain a good credit record
Setting up a strong credit record can cut your insurance costs. Most insurers use credit data to evaluate insurance policies. To ensure your credit standing, pay your bills on schedule, don't get more credit than you need, and keep your credit balances as low as possible. Check your credit record all the time and have any blunders adjusted to keep it precise.

So, follow these tips, and you would be able to use your car without any tension.