Tips on how to choose the best and cheap motor insurance
when it comes to Motor insurance choose wisely!!
Driving or owning a car is not without risk. Among other things, it can be stolen, be vandalized, catch fire, or be involved in an accident, with or without collision. Because such incidents can end up costing you a lot of money, you should protect yourself by buying the right motor insurance.
Having low-cost car insurance that guaranteed you a fixed premium for the life of the policy with no annual increases and no excess to pay when claiming and affordable car insurance that could be masterfully flexed according to your needs and budget will make your life simple and stress-free.
Consider the following when choosing the motor insurance that is cheap :
Lower your risk
Cheap car insurance is not necessarily the best car insurance, but there are a number of things you can do to lower your insurance risk and get cheaper car insurance
- Decide on what type of car insurance do you want.
- “Comprehensive” cover provides the widest cover and covers for theft and hijacking, damages due to an accident, fire or explosion and natural disasters like hail and floods. The comprehensive insurance cover also includes damage to the vehicle’s windows and liability to other parties as a result of an accident, as well as intentional damage to your vehicle.
- “Third-Party, Fire and Theft” cover differs from comprehensive cover in that your car is not covered against accidental damage or damage caused by acts of nature.
- “Third-Party Only” cover provides liability coverage for any damage you may cause to the property of another person. Damage or loss to the vehicle on risk is not covered.
- “Total Loss” cover provides cover to clients for a total loss of their vehicles only due to write-offs or theft & hijack. Accidental damage that does not result in a total loss is not covered.
Compare motor insurance quotes
Make several inquiries from various secure websites that provide a number of cheap quotes from different car insurance companies. This will help you decide on which insurance policy qualifies to provide you with the right cover. By the way, you also need to filter the quotes by considering only those companies that have been rated as among the best. These insurers are well rated for a reason.
Compare monthly premium costs.
Basing your decision on the price should not be the determining factor for choosing an insurer. When it comes to cost, make sure that you only pay for your own risk profile. “Another key tip when choosing an insurer is to remember that any cover is better than having no cover at all. Even acquiring basic cover such as third-party damage, will guard you against massive financial loss if you are involved in a car accident. Start small, but definitely start, as the long term benefits are worthwhile,” says Swanevelder
MAKE SURE YOU UNDERSTAND THE POLICY BENEFITS
This is very important and you need to be sure you have examined the policy benefits carefully as described in the policy. Are most or all of the benefits shown in the policy acceptable to you? For instance, if you want to have road and medical assistance, are they included in the policy or can they be included into the policy as an optional item? After you have signed up for a particular policy, you don’t want to find out that there is no roadside assistance when your car breaks down at night in some unsafe area. You need to know what you can claim for, well before it comes to claim time.
THE CAR HIRE BENEFIT
A car hire benefit cannot be underestimated. It is common knowledge that after you have crashed your car, a hired car must be available to you for a specified period of time or under certain sets of circumstances.. It is always a good idea to find out if this option is ticked on your policy and decide whether you want to include it.
INSURE YOUR CAR FOR ITS RETAIL VALUE OR TRADE-IN VALUE
Car insurance companies will usually either insure your car based on its retail value or market value. Retail value is often said to be the best option but you should decide on this for yourself. You can lower your car’s premium if it is insured based on its trade-in value. This value is usually lower than the retail value, and is the amount that car
dealers pay out when you trade in your car for the purchase of a new car.
7. Don’t pay for what you don’t need
- Consider the cover you have under other insurance policies or elsewhere. For example, some bank accounts include car breakdown cover.
- Sometimes your insurer or broker might try to sell you add-ons like legal expenses cover. You might be able to get these products more cheaply elsewhere, or you might not need them at all
8. Take advantage of the discounts.
Discounts are available for drivers considered to be a lower risk (older, married, and/or long safe driving record) or those who take a driver-training course. Anti-theft and certain safety equipment can also reduce your cost. Bundling insurance with auto and home is another option to consider, but check out the total costs with and without combining policies to see which scenario is cheaper.