How to save money on Car Insurance

save on car insurance

Owning car insurance means you and your vehicle is being safe in any cases like when you or your car has been damaged due to an accident, if your personal belongings are stolen or if your vehicle has been fired.

Choosing the right insurance and extra add-ons based on your requirements is essential to avail the benefits, it also helps you in saving money and time.

Related: Buy Car Insurance from Compare4Benefit and save up to 1200 AED on Car Insurance.

Top 13 Tips to Save Money on your Car Insurance

Follow these below practical steps to avoid spending much money on your auto policy.

1. Checking out Multiple Insurance Company Quotes
2. Choosing the right car
3. Deductibility Level
4. Having a single Insurance Policy with Multiple Benefits
5. Maintaining credits in Insurance Policies
6. Discounts Claim
7. Paying by Mile
8. Lowering the coverage
9. A focus on group Insurance
10. Check for other Discounts
11. Compare premium costs annually
12. Pay the Premium Insurance Semi-Annually
13. Driving Safe

Checking out Multiple Insurance Company Quotes

If you have decided to get the insurance of your car do not just stick with one insurance company, get the quotes from different insurance companies so that you will be able to decide which might be suitable for your needs within your budget.

The important thing you need to consider when choosing the insurance is to compare all the premiums from different companies to select the right one, and the companies quotes may vary from smaller to a higher amount as per the benefits. You can use Compare4Benefit to compare car insurance in UAE

Choosing the right car

The insurance premiums also depend on the car you drive, you need to check for the cost of the car insurance before you get them using tools like Car Insurance Estimator Calculator, you will also be able to get these pieces of information from an insurance agent or carrier.

Deductibility Level

You can lower your premium cost if you are going for the car insurance with higher deductible levels, but make sure you have enough money to pay the deductibles before choosing them.

A study has found that you will be able to save about 9% of the premium in the case of your insurance deductibles ranging from $500 to $1000.

Having a single Insurance Policy with Multiple Benefits

Most of the companies provide an extra discount if you get two different insurance policy from them, but having one best policy with all benefits included is better for the easier maintenance as well as for simplifying your finances. If you have two plans, you can combine them now to a single insurance policy by contacting the insurance agent soon.

Maintaining credits in Insurance Policies.

One of the main benefits of maintaining a solid credit history is the reduced insurance costs, most of the insurance agent prefer these credit information for calculating your vehicle insurance policies. Recent research has derived that people who managed useful credits history have made claims.

To ensure whether you are getting the proper credit, you need to check out your credit card regularly so that you can be accurate of the credit results.

If you have a poor credit score, then your insurance policy premium would also be high, so it’s essential you give importance in handling the claim history as well as finances in a legitimate way.

Discounts Claim

Car Insurance companies offer plenty of discount for their customers especially for multi-car, paperless, safe driving, good student, quick ride, combing car, accident-free and much more, you can ask about the discounts to your insurance agent before grabbing them.

Some insurance companies offer a discount to the owners who drive less than the miles they calculate, so you need to check for the discounts with them before claiming them.

Paying by Mile

You need to pay your insurance amount as per the mile you have driven, this will helps in saving your money, you need to check out whether this is available in your state before choosing the plan. There are many studies shown for the reduced cost of a premium insurance policy for the people who drove the car as per the distance.

Lowering the coverage

Just as increasing your deductibles you can also low the coverage for saving your money for the insurance policies, know what additional adds on and other things you need as per your budget and requirements to lower the coverage.

A focus on group Insurance

Some auto insurance companies offer a discount to the people who have insured for a group from their professional, employees, alumni group, business or an association, and you can check out with your affiliated companies to check what they are providing.

Check for other Discounts.

Insurance agents provide different discounts for various policyholders, some of them offer a reduction to the one who has followed the regulations or for the persons who are not a victim of any accidents etc.

Related: Save up to 1200 AED on Car Insurance

You can ask your insurance agent for the discount for your insurance policy and then lower the premium cost.

Compare premium costs annually.

It’s okay if you compare the premium plan cost each year and check out the differences achieved so that you can find the common mistake to reduce the premium cost for your insurance policy.

There is no money charged for comparing the rates, and these can be checked online in just a few minutes.

Pay the Premium Insurance Semi-Annually

It’s good to pay your premium insurance policy bill once in six months rather than pay it by monthly instalments, by doing so you will be able to reduce the car insurance money.

Driving Safe

If there are no accidents or any other traffic ticket son you and your vehicle, then you will be able to cut down the extra cost you pay for the premium insurance policies. Driving habits also play an essential role, and you need to monitor them accurately so that there would be no chance for accidents or any other issues.

Many tools help in monitoring your driving habits namely the daytime versus, hard stops, nighttime driving speed, idle time and much more, based on this you can expect the lowering of your car insurance.

Refer: Complete guide on Car Insurance in UAE