All drivers must carry a minimum level of car insurance, but after this it can get a bit confusing. The level of coverage you need will depend on how often you use your car, what type of car you drive, and other lifestyle factors. Once you have determined the level and type of coverage you need, it’s time to start shopping around for the best rates. Yet there are many ways to shop around. In addition to plugging your basic information into a comparison website, you should also play with the numbers a bit to find the most favourable rates. The following are a few tips to help you get even lower quotes.
Don’t automatically renew
You may be happy with your current rates and even have earned a no-claims bonus, but it’s still a better idea to shop around rather than automatically renewing your policy. Most of the major insurance companies offer better deals for new customers, so you might even want to apply to your current insurer again rather than renew your policy just to see what the rates look like.
Ask a body shop for advice
Mechanics deal with insurance companies all the time, particularly if their body shop is part of a recommended insurance network. Although it takes a bit of time and effort; it’s worth asking body shop managers for advice. They may be able to tell you if a certain insurer is pushing aftermarket parts or if they take a long time to pay. The best insurers will allow you to repair your car with the least amount of hassle possible, and with original manufacturer parts to minimize cost.
Compare the comparison sites
Insurance comparison sites are a boon to consumers who want to find the lowest rates. However, be aware that each of these searches a slightly different list of providers. If you want to see the widest range of options, you’ll need to sift through several different comparison sites.
Be specific about occupation
Insurance providers look at a number of different factors to determine a rate. One factor that you might not think about is your occupation, but this can have a significant impact on how much you have to pay. Occupations involving long hours in the car or odd working hours will lead to higher rates, but sometimes a simple change in wording will lower your premiums. Although you must be truthful on your application, there are often several synonymous titles to describe the same job. Try plugging these in to find out which one leads to the lowest premiums.
Improve your car’s security
Another factor that influences your premiums is the likelihood of your car being stolen. You may have found a great deal on a Ford Territory at motoring.com.au, but if you don’t have a garage to park it in this could lead to higher rates. Offset this by installing vehicle tracking devices or a car alarm, and you could earn a discount.
It’s always worthwhile to shop around carefully before you sign up for any new car insurance plan. There are multiple online resources and techniques to lower your rate, such as those outlined above.