|
There are many insurance companies that offer insurance for motor vehicles. It is mandatory to get your vehicle insured as it protects the insurer when some unforeseen eventualities strike. The insurer pays premium depending the model and size of the vehicle. Fixing the premium Insurance companies fix the rate of premium depending on the model of the car. It also depends on which segment the car falls under. If it is under luxury segment then the premium is higher. Small cars need to pay a small premium and big cars a higher premium. The premium also depends on the risk factors the car is exposed to. The safety features of the car are taken into account. If the car has good safety features then the premium is lowered. Even if the car is modified for adding safety features like alarms or immobilizers, the premium rates are reduced as the chances for thefts are lowered. If spoilers and alloy wheels are added to enhance performance, the premium rates are raised up. Insurance while learning to drive Learning car driving for beginners is very expensive. The Learner Driver insurance is very high as they are inexperienced and the chances of getting involved in accidents are quite high. The best way to learn is by getting enrolled in a driving school as the car’s insurance is included in the fees itself. It works out comparatively cheaper to learn driving this way rather than learning in your own car. There are many firms in Birmingham that offer car insurance for learners that gives them a comprehensive cover to drive other’s cars. This helps the learners to practice driving in their parents’ car or their friends’ car and hone up their skills. Choosing the right policy Car insurance takes up a major portion of your annual income. The ever increasing fuel prices too add to the burden of maintaining a car. There are some ways in which you can reduce this amount. Choose the right policy as there are some riders in the policy that you may never use. So why pay for something that you will not use. Read carefully and choose the policy that will cater to your specific needs. Installing anti theft devices also reduces the premium so invest in these devices or buy vehicles that have them and save the amount. There are some discounts the companies offer which is called the no claim bonus. If you have not made any claim in the first year then you will get a discount of 20%. This can go up to 45% if no claims have been made in the subsequent four years. This calls for cautious driving. Pay for all the small damages yourself and do not make a claim as it will help to get a no claim bonus. Before getting an insurance policy one must always read the fine lines of the policy to know the exact details of the cover. One must take care while modifying the cars. It may hike up the premium rate. Maintain a clean NO accident record.
Related Articles -
Car Insurance London, Learner Driver Insurance,
| 
