The global economy keeps taking dips and swerves like a rollercoaster forcing all those who are wise to take stringent measures to protect the little they have. One of the best decisions that you can take today is to get cheaper car insurance quotes. Your plan is not only to reduce one time expenditures but the regularly occurring expenditure as well. Renewing your car insurance at a lower quote will help you save hundreds if not thousands of dollars on your yearly expenditure. Below are some proven ways for getting a cheaper quote on your vehicle’s insurance.
Revise Drivers Named on Policy
One of the quickest ways that you can get a cheaper quote the next time you are getting insurance cover for your car is to revise the people you name as drivers on the policy. The more drivers you have named on the policy the higher the premiums you can expect to pay on your insurance. The best thing to do is to identify who regularly drives the vehicle and name only them on the policy. If you ever need someone else to use the car then you have the option of just including them into the policy for a few days instead of a fulltime cover.
Take advantage of Mileage Restrictions
The more miles you are going to drive the more you can expect to pay in premiums to the insurance company. If you want to bring down your insurance premiums, allow mileage restriction. By agreeing to drive lesser miles you are putting the car at less risk of any unforeseen circumstances the insurance provider has to cover. By reducing your mileage by just 5,000 a year you can save about $100.
You however have to make sure that you know approximately how much you really use your car. If it is found that you claimed to use your car for a certain number of miles annually and the figure is wrong then it will be deemed as fraud. If you are lucky, your insurance provider may have a pay as you drive policy where the mileage is verified like in a taxi and you pay only for mileage covered.
Keep your car in The Garage
A lot of people may not realize it but simply storing your car in the garage instead of on the street in front of your house can greatly reduce the premiums you pay n your policy. This is simply because a car parked on the street is at higher risk of getting stolen or vandalized than one parked inside a garage. It is also less susceptible to any damages that come from the weather elements like ice in the winter.
A lot of people underestimate the power of window shopping. They compare 3 – 5 insurance providers and pick the cheapest among them. If you are really intent on saving money, you have to make sure that you compare as many insurance providers as possible. One mistake that you shouldn’t make is to assume that simply because they are car insurance covers that they are all the same. Each and every provider tries to come up with the best policy type they have including or emitting some clauses. For example, the policies may cost the very same amount in premiums but one may provide a cover of up to 70 percent while the other only 50 percent. Nowadays there are plenty of software and services that can help you with comparing the various insurance providers that you are considering. You also have to look into various discounts offered like discounts for mature drivers.
Finding car insurance quotes can be a demanding task but by knowing few simple facts you can get cheaper quotes to fit your budget and even save thousands of dollars. For Canadians, I recommend visiting Belairdirect - 700 University Ave #1100, Toronto, ON M5G 0A2 (416) 250-6363