How to save money on your car insurance | The Islander

Taking the time to understand car insurance policies and choosing wisely can deliver significant savings.Picture: Adobe Stock

Whether you are taking a ride on sunny days or rainy ones, you are likely to encounter the uncertainties that meet road users each day.

These uncertainties can be in the form of driving mistakes – yours or those of other road users – bad roads, and numerous other hazards that culminate in accidents that can damage your car.

On unfortunate days like that, the insurance policy covering your vehicle is the only thing that builds and maintains your confidence. However, car insurance comes at a cost whose affordability may be termed relative.

As a prudent and wise car owner, you can save on the cost of your car insurance without risking the coverage it provides in the following ways:

1 Compare and evaluate different insurance policies

There are many car insurance companies, and each offers its policies at different rates. Consider taking your time to research various competitive insurance companies and compare quotes and discounts before settling for the best value.

The quotes should be obtained from insurance companies, either those that sell through their agents or directly to their customers.

Remember to check the financial strength and creditworthiness of whichever company you eventually select, as this goes a long way in determining if the seems cost effective car insurance policy is the wisest decision.

2 Be consistent with the same insurance company

Some businesses offer a reward package for loyal customers, and a car insurance company is no exception.

Some insurance companies reward their long-time customers with price breaks and multi-policy discounts.

It is not an automatic offer, and it is imperative to weigh the benefits of consistency with an insurance company over those of separate insurance from different companies.

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