Top 5 Ways To Lower Your Car Insurance Rates

author image Wednesday 14 January 2015, 16:13 PM Car-Finance

If you are going for to have car insurance in India, you very well know that there are some essential issues, which include your gender, age and a record of your previous claims that might influence your car insurance rates. Regardless of this, there is something a lot that you can carry out to attain a lower rate, while you are going for car finance in India, and your choices bear more power than you might think. Here are 10 tips guaranteed to help you get the best rate possible on your auto insurance.

Lower your car insurance rates
Lower your car insurance rates
  • Get more than one rate quotation before you hand over: Company costs are exceptionally dissimilar, and it shells out to shop around. Well, one can bring to an end by paying almost double without difficulty from just one company to the other. You might be surprised to know that many companies with lower car insurance rates are available in the market.

  • Estimate insurance prices prior to your purchase of car: As car insurance in India is a must, one can locate a substantial difference even when you compare the price of the vehicle to insure with other similar types of cars. Therefore, if you have got a couple of models on your list, then contact your transporter to check out what rate each car commands. And thus, by doing so, you can eventually net your bonus in the savings when the precise time arrives to shell out your premium.

  • Go high on deductibles: If you are very much willing to provide a bit in the company of your deductible, then you can simply bring to an end to your big saving on your rates. Well, you can thus set away a part of these funds for just to cover up your prices in the result of a claim.

  • Zero accident and/or inclusive coverage on your older cars: If your typical older car has some sorts of comp and accident coverage, then you may perhaps find yourself in shelling out more riches in insurance than the worth of your car. Well, take your accident and comp premium and add it up, and then simply multiply it by 10. And thus if the worth of your car is quite less than the above multiplication, then just don't pay money for that coverage.

  • Mind your credit score: An ever-increasing number of transporters are allowing for credit scores, just when we make our rate calculations. Thus, you have to keep your credit score in first-rate shape by shelling out bills in an appropriate way and by checking on a regular basis that there are no such things on your history that does not belong to you.

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