Are you looking to find the best car insurance deal?
Is your current car insurance cover too costly? The cost of living is higher in 2020. The prices of food keep going up. Fuel to get to work is expensive. Cars are not cheap to maintain. So, are you looking to save money wherever you can in 2020? Perhaps you need to find extra money for your next holiday at the end of the year. Re-evaluating monthly costs, like your car insurance premiums, maybe an obvious place to start when it comes to finding ways to save money. So, how could you find the best car insurance deal in 2019?
Disclaimer
The below information should not be considered financial advice. If you wish to buy any car insurance, please consult with a certified financial advisor.
Do your homework
What type of car insurance cover are you looking for? Decide what car insurance requirements suit you best before starting to look for the best car insurance deal.
Compare ‘apples with apples’ or ‘like with like’ when comparing quotes from different insurers. In other words, provide the same requirements and risk profile to each insurer when obtaining quotes.
It may be best to do thorough research before you make your final choice. Researching online may be the most convenient method for some South Africans. Reputable car insurance brands’ websites and car insurance quote comparison websites are readily accessible to provide you with car insurance quotes.
It is easy to be drawn towards what is more familiar to you. However, don’t overlook smaller insurers when considering your options. Be objective when comparing different car insurance quotes from reputable car insurance companies of all sizes.
Enquire about discounts
Why don’t you ask the insurer if you qualify for a discount on your premium? For example, insuring multiple vehicles with the same insurer could result in a discount!
Reduce your risk
You could save money when buying car insurance by lowering your personal risk level or ‘risk profile’. For example, keep your car inside a secure property that has an electric fence, alarm system and a lockable garage at night. Also, park the car in a safe spot at work. Based on these factors and other factors, some insurers may reduce your premium. When in doubt, ask an insurer what you could do to reduce your level of risk.
Evaluate car insurance costs when buying a new car
First, secure the best car insurance deal before buying a new car. Do some research on how different makes of cars and their year of manufacture affect premiums.
Pay for only the cover you need
Does comprehensive car insurance, third-party car insurance or something in between better serve your needs? Don’t waste money by paying for a specific cover that you don’t need.
Make sure to check the finer details
Always check the information in the policy documentation together with your qualified financial adviser. Know exactly what your benefits and limitations are. Confirm with the insurer if there is anything you don’t understand.
Take your time. Read customer reviews. Ask your friends for their thoughts. Compare car insurance products from several reputable insurers. Have one last discussion with your existing insurer. Then, make your final decision with the advice from your financial adviser and you should have the best car insurance deal for your needs and wallet.
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