Car Financials: How to Avoid Paying More with your Car Insurance
If you are a car owner, then at one point or another you have experienced the ache of having to pay a ridiculous amount of money to insure your car. Legally, all drivers must have insurance on their cars without any exception. The price that you must pay for your insurance depends on a number of factors, such as your age or the company that you are purchasing insurance from.
Unfortunately, car insurance is never cheap and you can expect to pay hundreds to ensure that your car is properly insured. There are plenty of insurance businesses that choose to add premiums on top of the set price that you are already paying, which can make the process even more expensive.
If you are someone that is looking to change your insurance or even pay an upcoming bill, you may be wondering if there is any way that you can decrease the price that you have been paying. Though you cannot decrease the company’s fixed-rate, there are ways that you can avoid paying more with your car insurance that many people don’t know about. Here is how you can save some money on your car insurance.
Buy ahead of time
Though putting off spending money may be tempting, one of the worst things you can do when trying to save money on your insurance is left it to the last minute. If your current insurance is a few weeks away from running out, we recommend that you buy your new insurance now.
Many people do not know that insurance companies actually offer considerable discounts when you do this, so you could be saving yourself hundreds just by getting in there early. If you are confused as to why this is the case, it is actually really straightforward. If you are someone that buys their insurance ahead of the cutoff date, then the company will see you as someone who is not inclined to take risks and so are happy to let you have the additional discount.
Don’t modify your car too much
Something that a lot of people do not know is that insurance companies are not impressed when people modify their cars. Even aesthetic modifications such as car skins can increase the price of your overall insurance.
If you are someone who is into more extreme modifications such as supercharging, then it is predicted that your insurance can more than double. This is due to the additional risks that you have added to your car which can increase the likelihood of crashing, which is completely understandable if you think about it.
Adding something as simple as tinted windows can also increase your insurance cost, as it obstructs the driver’s ability to see clearly. Though they shouldn’t, insurance companies have prejudice over heavily modified cars. This is because heavily modified cars are associated with boy racers, who are more likely to have car accidents and damage, which costs the insurance company money. So if you are someone that wants to ensure that your premiums are low, be careful with what modifications you add to your car.
Shop around for better prices
Something that is all too common with car owners is going for the most popular car insurance company with the hope that they will be able to depend on the reliability of an established company.
Though going for a reputable company is a good idea, not all of them offer the best prices out there. There are plenty of brands out there that offer a great coverage plan, as well as being reasonably priced. We recommend a company like SR22 insurance and if you want to find out where your local branch is, simply look up ‘SR22 insurance near me’ and you should be able to find a branch in no time. As well as this insurance company, there are plenty more out there that will be willing to discuss a reasonably priced insurance plan that fits your own personal needs.
Go for a low insurance group car
Something that you may not know is that the insurance cost that you receive is usually based on the kind of car that you have. This is especially the case when you are a young driver, as there is an unfortunate association between careless driving and young age. As a young driver, your set insurance cost is already higher than an older driver, so if you go for a car in the higher insurance bracket, then your premiums will be out of the roof.
There are plenty of websites online that set out the brackets that every car falls into, so don’t worry if you aren’t too sure. We recommend starting with a low bracket car at the start so that you can eventually upgrade in the future when your costs are lower.
Store your car in a safe place
You will be surprised to learn that a lot of the damage that is done to cars usually occurs when they are not on the road. If you are someone that has access to a garage, we recommend that you use it. This is because if any other cars damage your parked vehicle, there will be penalties added to your insurance if you decide to claim for repairs. The best thing you can do is make sure that your car is hidden and kept safe.