3. Buy a car within your financial capability. To ensure that you do not stretch yourself beyond your financial capabilities, buy a vehicle that you can afford to maintain.
In the case that you need to repair or replace you vehicle, your insurer will often consider the costs related to the vehicle parts, cost of repairing the vehicle, the price of a new version of the vehicle, the vehicle’s performance and the vehicle’s security.
A car that you can afford to maintain will not burden you and will therefore be affordable to insure.
4. Stay claim free. The more years you have had car insurance and not made a claim, the more affordable your quote. If you do have an accident, you may want to try settling it privately if it is minimal damage, to protect your no claims discount.
5. Keep your driving licence clean. A clean driving licence can keep your insurance premiums affordable. If you are considered a high risk driver, you may be charged a higher premium.
There you have it. Whether the insurance premium rates under motor private are revised to favour the motorist or not, the above tips will go a long way in saving you some money and ensure vehicle risks are kept at bay.
Remember smart insuring is safer than the lowest cost option. With so many product and services in the motor insurance industry, guidance is the most important component of achieving your financial wellness.
Ensure that you receive adequate assistance before you pick a solution that you believe best suits you. Aim at reducing the risk on your end.
