15 Ways to Lower Your Car Insurance Quote
April 28th, 20091. Shop around
The difference in price between various companies can be significant. What one company may
consider a high risk factor another company may not view as so important. Insurance
companies arrive at a price for your car insurance by adding or discounting money after each
answer you give to the questions they ask you. Each company has its own rules as to what
they consider should increase or decrease your premium. By shopping around you get a better
list of prices to compare.
2. Buy a lower group car
One of the important factors that insurance companies take into account is of course your
vehicle. There are thousands of different cars on the road so companies divide them up into
groups. Generally speaking the higher the group rating for your vehicle, the higher your premium will be. Some companies may also combine your driving experience with the vehicle group to get a better idea of how high the risk is. This is one of the reasons why young drivers should consider buying a lower group car if they want to lower their insurance cost.
3. Consider Third Party Only cover
A Third Party Only insurance policy is the minimum amount of cover legally required – it is
also the cheapest. Generally speaking you should consider opting for this type of policy if
your vehicle is of low value. In the unfortunate event of having an accident, any damage to
a third party vehicle will be covered but any damage to your vehicle is not. However, if
your vehicle is of little value then you may not be too concerned. It may not be worth
paying extra for a Fully Comprehensive policy in these circumstances. Read the rest of this entry »
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