5 Tips To Modify Your Car Insurance’s Premium Payment

5 Tips To Modify Your Car Insurance’s Premium Payment


5 Tips To Modify Your Car Insurance’s Premium Payment

A car doesn’t come for cheap…
Not only are you required to pay for the premium price tag that the vehicle comes with along with the EMIs on the car loan, you will also need to pay the monthly or annual premium for the car insurance.

In case you are planning to bunk getting a car insurance done in the first place, you must know that the same is considered illegal by the federal government. You will be attracting fines if you are caught without vehicle insurance for your car.

This is why it is important that you know how to reduce the premium payment for your car’s insurance in order to contain the financial burden. Here are 5 tips for the same:

1. Bunk The Collision Coverage

In case you are the owner of a vehicle that is aged and also has been paid for, you must consider dropping the clause of collision average from your car insurance contract. The collision coverage usually covers the damages that your car undergoes due to your own negligence.

2. Agglomerate All Your Insurances

Using only one insurance agency for all the insurance needs of your family, health, car, home, medical, et al. will give you a substantial discount on the premium payment. The best thing about this discount is that by this way you will not only be saving money from your car insurance’s premium payment but also from the premium payment of all other insurances. Expect a discount till up to 10% if you agglomerate them all.

3. Pump Up The Deductible

The deductible is the basic amount that you need to shell out on a pertinent repair or expenditure of the vehicle before your car insurance company starts paying you for the expenses. In short, it is the triggering point for the car insurance claim.

It is recommended that you increase the deductible limit of the car insurance in order to get a benefit with the premium payment that you need to make. Remember that it is better to pay the small bills from your own pocket and keep the big ones for the insurance company.

4. Drive Your Car Less

It is simple. The lesser you drive; the lesser is the chance that you will be involved in an accident. The lesser your chances of being in an accident, the lesser is the probability that your insurance company will have to pay for the damages. This is why it is beneficial if you are an infrequent driver who drives less. Inform your insurance company about the same and they will give you a relaxed premium payment plan.

5. Drive Carefully

Well, this aspect of the car insurance is self-explanatory. If you are a proven safe driver who has a clean record when it comes to accidents, you will be enjoying a discount on the premium that you need to pay.

Remember that add on modifications affect car insurance and the subsequent premium payment that you need to cough up.

Related External Links

(Visited 5 times, 1 visits today)



Browse our latest car database to discover more cars                    

Discover more automotive news & videos


Articles from the main page



Browse the latest new cars


Discover the latest new cars

33,16,0,100,2
600,500,60,0,0,5000,250,0
90,300,0,50,12,25,60,2,70,12,1,30,2,0,1,0
The world’s most popular roadster, the Mazda MX-5, has a whole new look. After 25 years and over 947,00 sales worldwide, the new fourth-generation 2014 Mazda MX-5 (known as the Mazda Miata in the US) has finally been revealed. The MX-5 is one of Mazda’s most iconic models
All-new Mazda MX-5 Roaster
The centrepiece of the Mercedes-AMG GT, the new 4.0-litre V8 biturbo, responds instantly with extreme power right from low revs and delivers outstanding performance.
The new Mercedes-AMG GT
The Alfa Romeo has become synonymous with style. Many people crave the look of an Alfa. However, this car is not a one trick pony. It performs as well as it looks. For many, they feel that they have to compromise style over speed. With an Alfa, this is simply not the case.
The Classic Alfa Romeo Montreal: Is it Worth the Hype?


Sport car of the month


Discover All-new Jaguar F-Type Coupe & R



ENTERTAINMENT

All-new Jaguar F-Type Coupe & R



5-liter supercharged V8 engine and will reach 60 mph in 4.0 seconds, and a top speed of 186 mph (electronically limited)2. The F-TYPE S Coupe and F-TYPE Coupe are powered by 3-liter supercharged V6 engines in 380hp and 340hp forms respectively, giving 0-60 mph in 4.8/5.1 seconds and top speeds of 171/161 mph2.

The F-TYPE Coupe visual message is defined by three key ‘heart lines’, that visual message beginning with the formidable grille. It is from the twin ‘shark gill’ openings that sit either side of the grille that the essential first heart line – which mirrors the design of the F-TYPE Convertible – flows and begins to take shape. Running up through the headlamp, and accentuated by the LED ‘J blade’ signature running lamps, the line then arcs up over the front wheel arch before dropping elegantly as it runs through the door, washing out into the muscular rear haunch.

The second heart line begins at the rear edge of the door, swelling outwards and upwards to create a visually strong wheel arch, emphasizing the car’s rear-wheel drive layout, before dropping vertically through the tail lamp ...





Auto Mechanic Advice


Advice from experienced mechanics from several fields!






Auto Speed Market is a car blog with the latest automotive, F1 and car news. Auto Speed Market is trying to provide extra
information to car enthusiasts, will be presenting new cars and concepts, prices and statistics of the automotive world.
Auto Speed Market also offer tips for buying a new car or second hand vehicle.


To reach us, please complete the form contact us.