123ArticleOnline Logo
Welcome to 123ArticleOnline.com!
ALL >> Investing---Finance >> View Article

Auto Insurance Tips

Profile Picture
By Author: a plus auto insurance
Total Articles: 1
Comment this article
Facebook ShareTwitter ShareGoogle+ ShareTwitter Share

Don't inflate the value of your car.Adding extra value to your car when you apply for your insurance quote will do nothing for you apart from increase you premium.In the event your car is stolen or written off you will only be paid the market value of your car at the time of your accident.Look after your credit rating.Insurance companies are now looking at your credit score as part of the calculation for your insurance premium.A Plus Insurance
Maintaining a good credit rating could avoid unnecessary additions to your premium.Insure your car Third Party Only.Third party only is the minimum cover you are required to have by law it's also the cheapest.If your vehicle is of a low value then you could consider this type of cover.You need to remember that with this type of cover if you was to have a accident that any damage to your vehicle would not be covered for repair.Keep a clean licenceInsurance companies take driving convictions very seriously and can dramatically increase your car insurance premium,by maintaining a clean licence proves to the insurance you are a safe and careful ...
... driver.Remove any unnecessary drivers.If you have a young driver on your insurance policy that no longer use's the vehicle you should remove them as this will reduce your premium.Young driver's add a older driver.Some insurance companies will reduce young drivers premiums if they have a older named driver on the insurance.Build up your no-claims discountOne of the biggest factors affecting your car insurance premium is the number of years no-claim's discount.You could receive up to 75% discount for around 5 years of no claims.The more years you can stay claim free the safer driver your insurance company will see you as.Protect your no-claims discount.Although this will increase your insurance premium if you have a lot of years of no-claims you may want to protect this as a small claim may increase your premium by up to 75%.
A Plus Insurance
Buy a lower insurance group car.A very important factor to your insurance premium is what car you drive.Most insurance companies adopt the Association Of British Insurance Group Rating.This rates vehicle's from 1 - 20 generally speaking the higher the group the higher the premium.By buying a car with a lower group rating can lower your premium especially for young or inexperienced drivers.Join a car club.If your vehicle is a classic or specialist consider joining a club related to your car most clubs offer insurance schemes which have very good premium rates.Put your spouse as a named driver.Some insurance companies offer discounts when you add a spouse as a named driver as opposed to unmarried couples,they see marriage as a sign of stability and associate stability with safe driving and there for give you a discount.
Take pass plus.If you are a new driver consider taking your pass plus.some insurance companies could give you as much as a 25% discount and when you have just passed your test and have no no-claims this could make a considerable saving.

Total Views: 495Word Count: 501See All articles From Author

Add Comment

Investing / Finance Articles

1. What Is Dogwifhat (wif)? Complete Guide To Rising Meme Coin
Author: Cryptoreach

2. Maximizing Your Savings: A Comprehensive Guide To High-yield Savings Accounts
Author: Shoumik

3. The Ultimate Guide To Choosing A Financial Advisor You Can Trust
Author: Shoumik

4. Thrive Wealth Advisors
Author: David Brower

5. Gst On Weddings: A Complete Guide To Tax-savvy Celebrations
Author: TaxHelpdesk

6. The Future Of Workspace: How Commercial Real Estate Is Changing
Author: Horizon Consultants

7. Chaingpt: Understanding The Blockchain-powered Ai Solution
Author: Cryptoreach

8. Buy Usdt In Dubai: A Complete Guide To Dubaiotc's Secure Services
Author: cryptodubaiotc

9. Online Short Term Loans To Get Money In Reliable Hands
Author: Jockey Ferguson is a financial adviser of Fast Pay

10. The Growth And Impact Of Family Office Advisory Services In India
Author: Drishti Desai

11. Transforming Efficiency: How An Nbfc Slashed Report Processing Time By Over 95%
Author: Aakash Parikh

12. How To Manage Client Payments And Invoices As An Influencer
Author: Thomas Edward

13. What Is A Demat Account And Its Essential Features?
Author: chalmela

14. Online Short Term Loans: An Innovative Approach To Fundraising
Author: Jockey Ferguson is a financial adviser of Fast Pay

15. Chart Patterns For Effective Intraday
Author: strike

Login To Account
Login Email:
Password:
Forgot Password?
New User?
Sign Up Newsletter
Email Address: