The speed at which all our hard-earned money enters, and leaves, our accounts, will give you whiplash. It’s not even like we’re spending it all on fun times and a spare clown outfit for those special nights out. It’s all being used for adult stuff, like your rent or bond, school fees, groceries, baby shower gifts, and insurance.
Thankfully, there are great tricks and tips to help you save in most areas of life. For instance, when it comes to buying a house, you’ll quickly find out that you can save by choosing a property in a cheaper neighbourhood. You can also save on your groceries by nabbing the specials, planning your weekly meals, and sticking to this list in order to avoid unnecessary spending. And now we’re here to help you with a few key ways to save on your car insurance premiums, a necessary fact of life if you own a car.
Here are some things you can do to make sure that you pay the lowest premium possible:
Buy the right car
This tip is useful if you’re still looking for the car that you want to buy. If that’s you, then listen up. Just because you can afford the latest and greatest, doesn’t mean that you should buy the latest and greatest without considering a few details. Like how expensive the maintenance, tyres, and insurance could be. The more expensive the car is, the more these things cost.
Oh, and it’s not just the cost of the car, but the safety classification that also counts. Unsurprisingly, sports cars are considered riskier in terms of theft and crash ratings, so they cost more to insure.
Maybe get a quote or 2 for the make and model that you’ve got your eye on, just to test the insurance waters.
Compare cover
Insurance is more than just finding the cheapest premium. It’s also about choosing the cover that’s right for you. Are you going for comprehensive cover? Third party, fire and theft? Third party only? Off-road insurance? Make sure you choose a plan that covers your most potential risks and keep in mind that while the cheapest option will cost you the least, it won’t protect you in all the ways you might want it to.
Change your excess
Some insurers let you choose your excess. Why? Because a higher excess = a lower premium. Just make sure you can afford this amount, because you’ll have to pay it when you claim and it’s not refundable.
Say yes to decreasing premiums
You can also lower your premium by chatting to King Price about getting a super cheap car insurance quote
When you insure your car comprehensively with them, they decrease your premium monthly as the value of your car drops. It might not seem like a big deal when you see a couple of Rands come off each month, but consider the cumulative savings you’ll enjoy over the course of a year! Trust us, it really adds up.