Lost your car? Well, if you have insurance on your car, you can always get your money back. That's why car insurance is a good thing. It means that the loss is covered in case of theft or an accident. Getting car insurance would make sure that your costs are covered if your car gets into an accident or is stolen or vandalised. It also makes sure you can pay for any damages or injuries that might happen.
Zero percent car insurance
Car insurance salespeople may tell you that they can get you a loan with no interest, and you may be tempted to take them up on it. It would be a dream to be able to buy a new car with no interest. This means that if you buy a $15,000 car instead of five-year car insurance with interest, you could save a lot of money. But you should know that not everyone can get a loan for a car with no interest. Many people even make the mistake of buying a more expensive car with free insurance because they think they won't have to pay any interest. Sadly, this doesn't happen very often.
To qualify for financing for 0% car insurance, your credit report is taken into account, and the rules for credit are also very strict. With this offer, there are so many rules about who can get it that only a few people can actually get a good deal from the dealers. Car insurance with an interest rate is a much better deal, as can be seen. Most of the time, this 0% car insurance is only available on a few select vehicles, usually slower ones, because the dealer wants to get rid of them.
If you are a first-time car buyer or have a small budget for your car, you should look into the different insurance policies carefully because some might be better for you financially. So do some research, because it is possible to get cheap car insurance and keep the premium on the policy very low.
Advice about auto insurance
Here are some important things to keep in mind:
Higher excess: You can choose to pay a higher excess if you need to make a claim on your insurance.
- Do a lot of research on the Internet, because car insurance bought online is much cheaper.
If you put an approved immobiliser in your car, your insurance will be less.
- You can also get a cheap car with a small engine. The premium will be higher the more expensive the car is.
- Your insurance rates will go down a lot if you build up and keep a "no claims" bonus.
- If you are a student, companies may give you a discount.
- Get an insurance broker because he can help you choose the right insurance.
If your car was very cheap, it might be cheaper to just get third-party, fire, and theft insurance instead of full coverage.
- Never give your price first, and never go with an insurer's first quote.
- If you can, get your own copy of your Credit Report and show it to the insurance company. They will charge you to get it for you during the approval process.
