Knowledge is power. Especially when you are looking for the best rate while shopping for car insurance. A little caution from your side can trim down your car insurance premium a great deal.
Here are 7 tips you should keep in mind if you do not want to rack up your insurance premium.
Tip #1 Know What You Want
Be clear about the amenities and coverage you expect from your car insurance policy. You must first decide whether you are looking for the cheapest insurance policy or require appropriate coverage for your vehicle.
Tip #2 Do a Thorough Research
Do not settle for the first car insurance quote you get. Look at minimum three to four options before deciding on the product. Use online car insurance calculators; speak to car dealers, insurance agents and any other source from where you can get credible information.
Arm yourself with information to bring your A game to the negotiation table. Additionally, inquire about all the privileges, discounts, and benefits coupled with the plan you chose. For example, a premium insurance company, Acko Insurance is currently offering 80% OFF on comprehensive car insurance. You do not want to miss out on great opportunities like that due to lack of research.
Tip #3 Keep an Impeccable Driving History
Most people do not realize that their driving history can affect the insurance premium as well as the kind of coverage you are likely to get. Past accidents, traffic violations, parking tickets received are likely to be accounted for in calculating your car insurance quotes.
Tip#4 Have a Budget
In order to find the ideal car insurance for you, keep a realistic budget in mind. Keeping the budget as the base line you can filter out high premium policies and narrow it down to a few that suits your needs.
Tip #5 Credit Score Matters
Not all car insurance providers look at your CIBIL score, but some do. If they do it, it can have a significant impact on your insurance quote. Find out if your preferred insurance provider’s directive regarding credit reports. Also, know your credit score to get the best quote possible.
Tip #6 Don’t Irk Your Insurance Representative
Keep all the required papers ready and in order for your insurance agent. Having all the information at hand will speed up the process. Avoid causing inconvenience to your representative. It won’t be easy to negotiate with an angry insurance agent.
Tip #7 Compare Insurance Online
Be smart while buying insurance. Before buying insurance directly from vendors, make it a point to compare different insurance policies online.