How to Obtain Affordable Auto Insurance
The cost of auto insurance rises every year. The make and age of your vehicle, your age, and any discounts you qualify for are built into the insurance premium. There are, however, various ways in which you can minimize your costs.
Purchase Auto Insurance Online Many insurance companies offer online discounts because the process costs them less in terms of overhead. Haylot Guard can save you time and money by comparing several insurance companies and offering you competitive quotes within two hours.
Shop Around A lot of car insurance providers differ in the methods they use to calculate your quote, so shopping around will ensure you are able to maximize your savings. Choose the company that offers the best coverage at the best price.
Avoid Installment Plans Full payment allows you to avoid paying the interest charges that would otherwise accumulate on your premium. At times, a full payment even attracts discounts. Obtaining a small loan from your bank, instead of letting the insurance agency finance your premium, may even help you save money.
Condense Your Business You will find that most Dubai car insurance companies offer additional discounts for purchasing more than one product. Buying your homeowners, health, or travel insurance from your car insurance carrier may help you save money.
Look for a Diminished Annual Mileage Driving a low annual mileage can keep your premium low Most Dubai car insurance companies quote based on 12000 miles annually. If your annual mileage is lower than this, your insurance quote may attract a discount. Don't lie, though. Your mileage will be verified as most insurance companies in Dubai investigate past service histories.
Increase Your Deductibles Your deductible is the amount you pay before the insurance company if there is an accident. A higher deductible means lower premium, but higher out of pocket costs if you have an incident. If you need to save money upfront, it's a good option to consider.
Install a Car Alarm Premiums for comprehensive coverage, which includes coverage for theft, can be very high. Installing a car alarm, or some other type of anti-theft device, will earn you an additional discount.
Don't Over Value Your Vehicle Over valuing your car while applying for a suitable insurance quote in Dubai will only contribute towards increasing your premium. If the vehicle is written-off or stolen, you will be only be compensated based on the current market value of that type and age of vehicle.
Take an Advanced Driving Test A formal driving certification demonstrates to the car insurance company that you are a skilled, safe driver, who is less likely to make an accident claim. Taking an advanced driving test may also earn you additional discounts.
Look for Third Party Insurance Aside from offering minimum coverage, third party insurance carriers also offer the cheapest premiums. If the vehicle is older and less expensive, this type of coverage is ideal.
Improve Your Credit Rating Car insurance companies and providers in Dubai look at your credit score as a component of the insurance premium. The better your credit score, the lower your rates.
Maintain a Good Driving Record Your driving record is important to automobile insurance companies. You need to convince your provider that you are a safe and reliable driver. Avoid traffic convictions and accidents at all costs.
Look for a No-Claims Discount Look for companies that offer discounts for each year you are insured without a claim. In some cases, having a clean driving record for 5 years can result in discounts of up to 75% on certain coverage sections.