When a product is meant to protect you in the worst of conditions, it’s most consistent to ensure good coverage depending on how you use it.
Most motorists look for the lowest price when choosing their auto insurance, although it shouldn’t be the only reason to sign up. When a product is meant to protect you in the worst of conditions, the most consistent thing is to ensure good coverage depending on the use you are going to give it. So it is important to take into account a series of recommendations to know how to save on your insurance and above all:
without sacrificing benefits or services that you may need later:
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Keep your accident history clean: If you have not declared any part as guilty of an accident, you will make the companies consider you a good driver and some will reward you in renewing the insurance. On the contrary, the more parts you have in your history, the more expensive your policy’s annual premium will be. In addition, if you change companies, make sure that the current one respects the level of bonuses that you had already acquired in the previous one.
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Special discounts: A good driver is also someone who does not accrue fines and takes good care of his vehicle. For example, there are insurers that have special prices for those who keep the 15 points on the license plate, but there are also others that offer discounts on their own damage cover if the vehicle is left in a garage.
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Choose the coverage you need: To know what coverage you need, you need to be clear about the characteristics of your vehicle and the use you make of it. Therefore, avoid coverage that you probably don’t need. An assumption: if your car were to break down for a while, would you need a replacement car or would you be able to get around without any problems? If your option is the second, it won’t compensate you for paying more for the option of having a replacement car.
Rather, don’t stop paying for coverages you may need at any time. So, for example, if you have an SUV and mostly use your car in the countryside, it is essential that your insurance breakdown cover also covers the roads that are not suitable. Otherwise you will have to bear all the costs yourself in the event of an accident or breakdown.
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Attention to the form of payment: When choosing the payment method, if you can afford it, pay the entire premium at once. The reason is that companies usually have surcharges on installment payments, which vary depending on the case and the type of insurance. If you need to split the payment into several installments, check with your company first whether they charge a surcharge or not.
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With all the risks, with or without franchise?: If your car is new or several years old, it is advisable to take out comprehensive insurance that will reimburse the value in the event of a total loss. However, you can significantly reduce the premium if you hire a franchise. So you take on the first part of the repair up to the amount of the contracted franchise, while the company takes care of the rest.
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Take out all your insurance policies with the same company: if you have insured several vehicles or you pay for other types of insurance (home, life, etc.), you can inquire with your company about the possibility of taking out several policies at the same time and negotiating the price. This way you can get better rates.
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Pay as you go: If you travel several miles with your vehicle, some companies offer products where the price of insurance varies depending on how you use it. Through a device installed in your vehicle, you pay according to the distance travelled.
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Park the car in the garage: When you park your car on the street, there is an increased risk that the bodywork will be scraped, the vehicle or any of its accessories stolen, damage caused by vandalism or even being hit by other hit cars. For this reason, if you have a seat, you must declare it to your company to save on the policy.
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Compare with the times and ask for commercial offers: if you are considering switching companies, do not forget to cancel the renewal at least one month before the policy expiry date. However, don’t leave it until the last minute. When taking out a new insurance policy, always compare prices and coverage in advance and especially ask about the discounts and promotions that are offered at that time.
Source: La Verdad
I am Ida Scott, a journalist and content author with a passion for uncovering the truth. I have been writing professionally for Today Times Live since 2020 and specialize in political news. My career began when I was just 17; I had already developed a knack for research and an eye for detail which made me stand out from my peers.
