Low Cost Car Insurance
Car Buying Tips for Low Cost Auto Insurance
With tough economic times, people are always looking for ways to save money
on anything they purchase. One thing you need to have if you have a vehicle is
auto insurance. What is public liability insurance? The amount of money
you pay towards your car insurance policy is largely impacted by the
type of vehicle you own. If you have a strict budget you need to follow, it is
best to purchase a car that serves you well, but at the same time, should save
you money on gas and insurance. With rising gas prices, it is hard to say that
the cost will remain the same. The only thing we can do as consumers is cope
with the costs and cut spending elsewhere. Read how to reduce car
insurance cost.
Low Cost Car Insurance:
Expensive vehicles and sports model cars are known to come with high
insurance costs. The high value of the car simply raises the amount of money
the insurance company would have to pay up in the event that a claim is
submitted. Some of the vehicles known to have high insurance costs are BMW,
Mercedes, Acura, Lexus, Infiniti and Audi. These are just some of the well
known popular brands of vehicles that many people think of purchasing.
If your goal is to keep your insurance costs low, then you should avoid
purchasing any of these makes and models. Now, the make and model is not the
only issue you should think about. There are several other determining factors.
The year of the vehicle is something you shouldn’t forget to think of. Many
insurance companies have a list of vehicles that are prone to theft and
vandalism. If a particular vehicle is known to be more vulnerable for theft, it
will affect you as well. Insurance companies will always try to blanket
themselves when they see an opportunity, so as to not leave a loophole in the
price.
The color of your car is another
factor insurance companies consider. If your vehicle is black, or another dark
colour, the insurance company will slightly increase your rate. The reason is
because your dark toned vehicle is harder to spot at night, regardless of the
fact that you have working brake lights. At the time of getting an insurance
policy, the representative would be interested in knowing how much you drive.
The more you drive, the higher your risks in getting involved in an accident.
Lastly, you need to make sure that your car is well protected by a proven
security device. Your regular steering wheel lock will not be sufficient. Auto
insurance companies have partnership deals with alarm companies who specialize
in high-level security devices. By purchasing an accredited device, you can
save upwards of ten percent on your insurance premium. At the time of buying a
car, if you notice there is an alarm system, you need to let the insurance
company know of it. If you don’t mention anything to them, they will not be
able to honour you with the discount
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