Rabu, 18 Januari 2012

Why Car Owners Should Consider Third Party, Fire And Theft Cover


South America is one of the few countries where the law does not require vehicle owners to purchase car insurance. Some drivers rely on the Road Accident Fund, paid for through a fuel levy, to provide compensation for any accident damage they happen to receive. Experts in the industry, however, advise against depending solely on that type of cover.

Lenders require all individuals who finance their vehicle to purchase a comprehensive policy before they take possession of the car. Drivers who own older model cars may not need the full protection offered by comprehensive insurance but they should explore other options. Third party claims can have a devastating effect on someone without sufficient cover.

A comprehensive policy is the most expensive because it covers everything. Limited liability is the least expensive insurance available and offers protection only against claims by others if the insured is at fault for the accident. Individuals with this type of policy are responsible for damage to their own vehicle.

Third party, fire and theft cover falls between comprehensive and limited liability. This type of insurance is a good option if the vehicle is older, paid off and is not worth much. It will pay for a third party claim against the insured in addition to theft and damage caused by fire. Just like with limited liability, drivers must pay for damage to their own car.

Car theft is more common in South America than most people realize. Even older cars are at risk because thieves can make a lot of money selling rare parts. Simply installing a car alarm or some other type of anti-theft device is not enough to deter a determined car thief.

Some people may mistakenly believe that fire cover is a waste of money. This may be true if the car is new but older cars frequently have electrical problems and are prone to overheating. Both problems can cause a fire, which is capable of destroying the vehicle within a matter of minutes.

When searching for a suitable policy consumers should shop around to ensure they receive the most cover for the best price. Many companies make it simple for drivers to receive auto insurance quotes online. It is worth the effort to request quotes from several companies and compare premiums and benefits. Individuals who need more information can speak to a qualified agent to review the various options available to them.

Senin, 02 Januari 2012

Tips for Getting Affordable Car Insurance


When it comes to cutting costs, car insurance is one area where you need to keep adequate coverage even as you look for lower prices. There are many ways to do this. The key here is to know how to get discounts and rewards and how to invest wisely in the purchase you make. You need this type of protection to handle those financial "what if" situations that there is no way to predict. However, you do not have to overpay to get this type of coverage.

Compare Your Options

The single most important thing to do to save money on car insurance is to compare your options from multiple providers. There are significant differences between companies. One of the most common mistakes people make is sticking with the same company every year. There is no discount involved in this for most providers. However, many companies will offer you a significant discount if you make the switch to a new provider instead. That should be your goal.

Ask for Discounts

When it comes to finding affordable policies, a key step to take is in asking for the discount. Discounts are common in this industry. You may save money by asking for a good driver discount. If you have a safety device on your vehicle, this could cut down on your costs. Are you driving a car with anti-lock brakes? That could save you money as well. Ask the professional about the options available to you to save money. If you do not ask, chances are good they will not provide it to you.

Multiple Policy Discounts

Yet another way to save a substantial amount of money is with a multiple policy discount. These policies allow you to lump together the coverage you need for several vehicles into one policy. That way, you save money. If you have multiple vehicles, getting them all from the same provider will save you money. Additionally, if you need multiple types of policies, such as homeowners and car policies, getting them from the same provider will cut the costs. It is more affordable for companies to insure multiple policies for the same person or household. Ask about this type of discount as well.

Of course, being a good driver will help to save you money on car insurance as well. Companies want to work with individuals who maintain a good driving record because it lowers their risk. Additionally, as a vehicle owner, it is essential to hold onto policies and not to allow them to expire. This will cause your rates to jump significantly. Find a provider you can trust that offers the lowest possible price for what you need.