covers your car against risks like theft, accident, explosion etc.
Are you tagged as high Risk driver by your car insurance company and are compelled to pay high Premium for your car insurance cover? Well, then you are at the right place to find out how you can get affordable car insurance for yourself.
Car insurance Policy is purchased to insure your car against unforeseen events. It is basically a contract signed by you and your car Insurer that protects you against the losses caused due to unavoidable events. Buying third party car insurance in India is mandatory under Motor Vehicles Act, other than this, if you want more coverages you can buy comprehensive car insurance as it will protect you against theft, any injury to you, financial liabilities towards third party that is any injury or any kind of property loss.
Normally, people who drive rashly and violate traffic rules earn poor driving history record. Other than this, the drivers under the age of 25 years or above the age of 65 years are also called as high risk drivers. However, there is always a way out to find affordable car insurance if you happen to fall under this category.
Accident once in a while can happen to anyone but this does not mean that the person is a high risk driver. Still, according to the norms, a car insurer will place the person under high risk category and will charge higher insurance premium. The person at the same time should be honest about his driving records. Car insurance companies have their own ways out to find how genuine you are. And, if you are found to be raising no insurance claims and maintaining good driving records then your car insurance premium may get lesser due to no-claim bonus.
The first thing anybody should do before buying car insurancecover is comparing on the internet. There are insurance comparison sites like easypolicy.com where one can compare various car insurance plans being offered by different insurance companies. Since there is competition in the market, you can easily compare and find out which car insurance company is charging lowest premium rates.
Other thing high risk drivers can do is to find out premium rate on current value of their car. That is, when you are renewing your car insurance policy you can assess the value of your car at that time which is obviously less than the value when the car was purchased and find the premium rates on this value.
Deductible is the amount which you spend out of your pocket in case of any damage caused to car. If you choose for high Deductible amount when you sign for car insurance, your premium amount will go down automatically. Furthermore, you will drive carefully when you yourself are liable to pay maximum amount out of your pocket.
Your genuine efforts towards driving carefully, paying your car insurance premium on time and regularly and being honest with your car insurer will surely reward you with lower premium rates with maximum coverage. Meanwhile, if you take note of the above mentioned points you can easily bring down your insurance premium amount considerably.