6 Ways to Get Cheaper Car Insurance Premiums
Having car insurance protects you from the dangers of the road. However, people may often shy away from investing in monthly premiums associated with car insurance. Car insurance can also limit your choices while purchasing a vehicle.
If you are looking for the cheapest car insurance, Melbourne, you can explore various personalised insurance packages. You need to understand the multiple factors companies consider while calculating premiums.
Learn six easy ways to get the best car insurance in Australia —
Go for a light-coloured car with relatively low-performance features
Cars with powerful engines offer better performance but attract higher monthly insurance premiums. Drivers of these cars get enhanced results while testing their limits. If your local P plate laws prohibit a vehicle, it will also come with higher insurance premiums.
The best car insurance company in Melbourne tends to agree on lower premiums for light coloured cars. The reason behind this is that light or white coloured cars are easily visible in low light conditions. This reduces the potential risks of getting into accidents.
Settle for Pay as You Drive Packages
If you travel short distances without racking up too much mileage each month, then choose pay as you drive options. Such insurance products are rewarding for people who mostly drive around their own neighbourhood. If you study or work close to your home, Pay as You Drive packages will offer some incredible savings.
Area of car parking
Insurance companies in Australia will pay considerable attention as to where you park your car. You will get affordable insurance packages if the company is assured of the security associated with the car parking area. If your vehicle is kept under proper cover in a decent place with high-security facilities, you will land a good insurance deal. Cars parked on the road at night or day have a greater risk of hail damage, vandalism or theft.
Use your car's market value and increase the excess
If you insure your car at its market value, then the insurance company will consider its condition, age and mileage in case of theft or accident. If you want to insure a brand new car of the same model and make, it will cost you more as it is considered at its retail price.
Another great of reducing your monthly insurance payment is by paying more as the excess. You should keep your insurance excess within a reasonable limit. It should be within a range that you easily afford in the case of a future claim.
Opt for usage-based packages
Usage-based insurance deals are best for young drivers as they will consider how you drive. It eliminates the historical driving pattern of similarly aged people. You can also install an app to start rating your driving pattern.
Upgrade to the latest tech
Cars with the latest fuel efficiency or safety features attract better insurance deals. Autonomous braking and other safety systems will reduce the risk of accidents. Companies will offer lower monthly insurance payments for such technologies.
You can significantly reduce your insurance packages by following these six easy, simple tips. You should also compare multiple insurance companies to find the most affordable protection for your car.