In many countries having auto insurance if you own a car is compulsory. It is demanded by law before you can drive your car on any road. In Mexico where I come from this is no different and failure to have an auto insurance can lead to high fines and maximum jail sentence. So why must you have an auto insurance?
- It is demanded by the law in many countries worldwide.
- It covers any costs that you might incur in case of legal traffic suit.
- It helps you to enjoy road side assistance services hassle free.
- It prevents you from draining your account to replace your stolen car.
- It helps to compensate for damages in case of an accident that you are at fault.
However the rates of insurance coverage that you will find differ from one insurance company to the next. This is because their insurance policies differ. But the good thing is there are a number tricks you could use to enjoy low insurance premiums. Here are some ideal ones!
Increase Your Deductible
Deductible is the amount of damage and repair costs you would be willing to meet in case you’re involved in any accident that you are at fault. Meaning your insurer will meet certain percentage and you’ll be willing to pay up for the rest. When you increase your deductible you prevent your insurance company from paying the entire cost and in-turn you will enjoy low rates.
Get The Right Coverage
If you are driving a well maintained Nissan Sunny that’s over 5 years old look for collision, third party, or liability cover. If your car is a new SUV you’ll probably need comprehensive insurance coverage. Paying comprehensive for the Nissan Sunny could easily lead you to pay up so much more than the car’s value. Get what is viable and highly beneficial for the older cars.
Ask For Any Discounts
When I first arrived in Mexico I didn’t quite know the best way to get low insurance premiums so I chose to find every discount that the Mexican Auto Insurance Companies were offering. In my search I found these:
- Anti-theft device discount.
- Occupational discounts.
- Garage parking discounts.
- Multiple policies discounts.
- Early renewal discounts.
Going for every discount that you can enjoy is highly agreeable for most companies that offer them. Talk to your agent to show you what they have.
Compare Multiple Quotes
Don’t just jump onto the first insurance company that you see, no, no, and no! You might end up paying so much when you could get the same elsewhere for less. Choose a number of insurance companies and then zero in on the best. Today many ideal auto insurance companies have online websites that you can compare quotes in without moving around.
Think About Your History
Your driving history hugely impacts your insurance rates. If you have had a lot of tickets or have been in many accidents your insurance company considers you a high risk and will give you very high premiums to pay. The same applies when you have so many cases of claims. In case you are have tickets ask for a “pardon” so they can be scrapped off especially if it is a first time offense. Visit Mexican Auto Insurance to learn more.
Comprehensive coverage will protect your car from damages by natural calamities including the sun damage, floods, and earthquakes. It will also include the normal Collision cover that covers road accidents and injuries to you and the third party. But using both on older cars is expensive.