Lower Car Insurance By Thinking Like An Insurance Agent
October 26, 2015
Sometimes people go on and on about how expensive insurance is for their cars and the need for lower car insurance .
They talk amongst their friends and family as being ‘ripped off’. In South Africa, statistics reveal how disgusted South Africans are at what it costs to drive their vehicles every year.
They are not impressed by the cost of their insurance. They believe the statistics are totally insane and that lower car insurance is possible.
Well Guess what – You Can Lower Car Insurance
Some people on the other hand find that driving their cars is not such an expensive activity at all. They say that their cars actually earn them money every month.
You might be asking how is this possible? In actual fact, this is because a lot of people are doing their own maintenance on their cars.
Many of them don’t use their cars to travel close distances when they can walk or ride a bike. Better still, some people actually rent their cars out when they are not using it.
They are proving they are the ones getting really cheap insurance for their cars – they buy as little of it as they can just so they can avoid major loss and to self-insure the small little things.
Lower Car Insurance – Keeping up with Joneses Comes With a High Price tag
There are a few things everyone can do to lower car insurance, and if you are smart enough, you will see the difference.
Firstly, nobody has to drive the smartest, most expensive newest car around to keep up with the Joneses. The insurance you pay will be far higher than if you were to drive an average car.
You can own the biggest, most flashiest car, but just be prepared to pay the most expensive insurance car policy there is.
Secondly, you need to also own your own car and not lease it. By leasing it, you are already paying out a lot on insurance and everything else that goes hand in hand with driving. This is because if the car is not yours, you can’t be laying down the rule about what insurance you will take out.
If you take out a loan to buy your car, you still won’t be the owner of your wheels. The bank will, and they will be the ones setting out the rules for your insurance policy until every cent is paid back. This will be much more than the car was worth in the first place.
There are Some Other insurance Tips for Lower car insurance:
- you don’t need to buy comprehensive insurance. Purchase you own lower car insurance policy that will be far less than comprehensive insurance
- select minimum coverage with the highest deduction and plan your insurance around the most likely scenarios
- drive less and lower your mileage. Cutting the mileage you drive obviously lowers your risk of accidents which means less risk and lower car insurance
- improving your credit score by being a more careful driver
- pre-paying your insurance policy means the possibility of discounts for early payment. In fact, request every discount that is possible to you
Along with these and many other tips, you basically just have to think about what the insurance agents would do, and you will be surprised at just how many ways there are to actually lower car insurance.
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All info was correct at time of publishing