How to pay less for car insurance

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Every motorist in South Africa should be careful to note these tips. Insurance Chat Share Seven Tips for Paying Less for Car Insurance.

Ways to pay less for car insurance

The insurance chat said that understanding how auto insurance is pricing could be the end of feeling like you’re paying more than you should.

The seven tips include Always Cover, Go Live and Digital, Beware of Cashback and Other Bonuses, Repair Minor Damage yourself, Drive Well and Comply with Laws, Pick Your Surplus, and Shop.

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Tips from 1 to 4

Always covered:

Whether you drive regularly or very rarely, consistent insurance coverage is recommended at all times. “The longer you have uninterrupted car insurance with any provider, the better the premium,” Insurance Chat said.

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“If you think it is not worth insuring your car because it is too old or not of enough value, you should still consider third party liability, which is the simplest and most affordable car insurance you can buy.”

Going live and digital:

To pay less for car insurance, try to avoid buying a car through an intermediary or from a call center. The payment will cover the broker’s commission. You will be subject to a premium that is higher than the premiums from the digital service provider first.

Beware of cashback and other rewards:

“Many providers offer cashback bonuses or no-claim bonuses. But someone will need to cover the costs of those incentives and that person is usually you.”

Minor damage repair by yourself:

Unfortunately, the higher your claims, the higher your premium. It’s better to fix those little problems yourself.

Tips from 5 to 7

Good Driving and Law Compliance:

Another simple tip to help you pay less for car insurance is to be an attentive driver. Once your insurance company confirms that you have previously violated road laws, you will be charged a higher fee. Avoid unnecessary penalties.

Choose your surplus:

“In the past, redundancy was usually given when you received a quote and it would take some back and forth to adjust it.

“With the digital platform, you can easily adjust factors like your surplus in real time to see how it affects your premium when getting a quote.

“Higher surplus means lower premiums and vice versa.”

Shopping nearby:

According to Insurance Chat, one of the best ways to pay less for car insurance is to avoid traditional insurance companies.

“Shop and get more rates before accepting their initial premium or annual increase. Many insurance companies will offer you a discounted rate to bring you on board, and then hit you with higher inflation increments in the following years.”

Read also: Government introduces new driving rules from October

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