There are numerous options open to driver's to reduce their premiums and get really cheap car insurance cover - so what do you look for?
Some of the more common include:
- Increasing the excess. This means you pay more if an accident happens and less, through lower premiums, if it doesn't. It's a calculated risk you take based on your driving history and current circumstances.
- Choosing between Comprehensive or Fire, Theft, Third Party only. Points that might influence this decision include the age and condition of your car. The danger here is not being covered for collision, then not being able to buy back into another car.
Due to recent statistics on road accidents concerning drivers under 25, many insurance companies now include Nominated Driver Discounts that offer a reduced premium if the customer guarantees only pre-selected drivers over the age of 25 will drive the vehicle.
Nominated Driver Low Kilometre Discount is another initiative designed to reward drivers and is popular for senior drivers or for the family's second car because it offers a lower premium if the vehicle travels under 10,000 kilometres a year.
But it's not just the up front, standard aspects of insurance you need to consider when making a choice based on price. Online auto insurance company, 1 Cover, offer a range of benefits that include approved security device discounts, 12 month new car replacement, funds towards overnight accommodation and transport after an accident, up to $1,000 for a hire vehicle if your car is stolen and lifetime guarantee on repairs so long as you own the car.
Online companies invariable also offer a 10% discount which can add up to a hefty discount off the total premium while many reputable companies also include the freedom to choose your own repairer and offer monthly payments at no extra cost.
Here's one you may not have thought through. Some companies have started offering discounts to children of existing customers. While on the surface this may seem a good deal, by making some comparisons you may come up with cheap car insurance cover that is even cheaper due to your circumstances, and with an insurer who offers the best options and coverage for you. For more discount options, 1 Cover can be contacted via www.1cover.com.au.
Peter Smyth is Marketing Manager at 1Cover Car Insurance, offering cheap car insurance cover online.
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