When you own a car in this country, you legally have to have insurance. However, remember that not all car insurance policies are the same. If you want to get the best coverage and save money, there are some important things you need to keep in mind.
Before buying, do thorough research and shop around for the best price. Insurance companies use the same information about you, but use it differently.
Remember that insurance prices are not fixed and are different for every driver. There are other factors, as well as the car and driving record that determine the premium price. Different companies also offer different discounts from one another.
If you have points on your licence, this can have a huge impact on the price of insurance policies, because insurers would consider you to be a high risk customer. One the positive, once the points are removed or have never had points, the price of premiums will be more reasonable.
Look for extra options offered by insurers that will give you greater amount of coverage. It may mean you have to pay more, but will be worth it in the long run. Having uninsured driver coverage could save you a lot of money if you are involved in an accident with uninsured driver.
Keep a record of the accessories and modifications you install on your car and make sure your policy will cover the cost of them if they are lost or damaged.
When switching between insurance providers, make sure you get a written notification that your previous policy has been cancelled. If you don’t have proof and there is an issue, they could report you and it could affect your credit report.