Car insurance is definitely one of those expenses that we hate to love. The type that when it comes off our account each month we ask ourselves “do we actually need this?”. However, nine times out of ten this insurance saves us a ton of money when we least expect it.
With the number of road accident fatalities on the rise, there is an increased need for car insurance. However this ultimately equates to: Increase in crashes + Increased car insurance claims = higher car insurance premiums for all of us.
We decided to break down the five best car insurance tips to help you get more for your buck.
Top Car Insurance Tips
- Claims Claims Claims!:
Before choosing an insurance provider check what the claims process is. Each company is different and many have made use of technology to make the claiming process easier. Also, make sure you are aware of how to claim. eg: if you wait too long, your claim could be rejected.
- Premiums that are too good to be true: Be wary of premiums that are “cheap” as more often than not you will not be receiving nearly enough benefits as you should be getting.
- High Excess: Don’t sign for an unreasonably high excess that you can’t afford to lower your premiums. If you can’t afford that excess when it comes to claims stage there was no use in paying for the car insurance in the first place.
Update My Insurer… But Why?
Because if we don’t tell them that we have moved homes and someone breaks into our car at the new house…they will reject our claim.
Here are some big events we need to tell our insurance providers about:
● Moving to a new home: this is a must because the location that your car is parked at has now changed
● Getting hitched: your policy may not cover your new husband or wife and if your policy doesn’t specify another driver they won’t pay if your partner is in an accident with your car. ALSO, your premium may go down because insurers see married people as less risky.
● Got a new job: Wonderful! but be sure to tell your insurance company because it matters where your car is actually parked during most of the day and where your policy document says your car is parked.
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