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If you want to get the best value for your car insurance, you have to take some extra effort to comparing companies that offer motor insurance services. Be sure to make note of the insurance plan features, the premium and other relevant fees, whether or not there are discounts available, and the company’s reputation in the motor insurance business. It’s a good idea to go online and compare three motor insurance quotes at the very least. Always do your homework and find out as much about your options as you can before making your final choice. A good way to save money on your coverage is to ask for higher deductibles. Deductibles are the payments you have to make for damage repairs before your coverage start paying for you. When you agree to pay a higher deductible, you’ll get lower motor insurance rates because your insurance company will have to pay less for repair costs. Before you jump at the chance to raise your deductible, however, remember that you need to make the pay it off before you file a claim. In order to do this, you must set up an emergency fund to cover the cost of the deductible in case you need it. Additionally, make sure you have the money to pay for higher deductibles because you can actually end up in debt paying for these out-of-pocket costs. You will also want to contact an insurance agent before you raise your deductible to verify that your motor insurance premium will be decreased. If your credit score is within a good credit score range, you are eligible for lower motor insurance premiums. In order to increase your score, the first thing you have to do is to check your credit reports for any mistakes. As well as checking for mistakes in your report, you must pay your bills regularly because repayment history is a significant factor in determining your overall credit score. Keep your balances to minimum and don’t apply for new lines of credit before you apply for insurance because that can lower your score Getting discounts on your insurance premiums are a good way to save big. For example, there are loyalty discounts that are given to customers who have been in business with an insurance company for years; if you like your current motor insurance provider, a discount like this can help you save money without your having to go through the trouble of finding another provider. Other discounts given by motor insurance companies include those for completing driving courses safely and having clean driving records. If you decide to get your motor insurance from the same company you are paying for home insurance, then you will likely be eligible for yet another discount, so be sure to bring that up with your insurance agent. _______________________________________________________________________________________________________ It is very essential to have a car insurance policy. Author Pranav Sharma is an experienced insurance professional and widely read expert on general insurance based in Mumbai. Pranav helps readers opt for best car insurance policy in India.
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