Tips for Vehicle Insurance

When purchasing a new car, you need to confirm that your car is insured before driving it off the dealer’s floor. If you are financing the car, then it will be required for you to have car insurance before you will be allowed to take delivery of the new car. Speak to your consultant before your delivery date.

When considering buying a car, you will need to take into account that car insurance companies attribute a high risk factor to regular drivers that are under 25 and drive a high-performance car. This means that some car insurance companies might not insure you, or your car insurance premium might be very high if you fall into this category.

Discuss all your car insurance options with your consultant to find out how you can save on your insurance premium. Aftermarket alarm systems, tracking systems and anti-hijack systems could save you quite a lot on your monthly car insurance premium by lowering your risk profile.

Make sure that your car is insured for the correct use. If you simply use your car to and from work, then you can take out car insurance for private use, but if you use your car to see clients or transport goods, you will need to take out business use car insurance. This is due to the fact that your car insurance risk profile increases if you drive and use your car more often. 

Always confirm that the driver who drives that car the most is the person for whom the car is insured. This could have an influence on the excess of your car insurance if the car is in an accident with a driver other than the regular driver.

Always make sure that you specifically add any additional accessories to be covered by your car insurance policy. This includes any accessories that aren't factory-fitted. Your car insurance company will not cover you for these items if you don't specify this. This includes mag rims, special interior trims, tow bars, window tints and even metallic paint.