7 ways to save money on cost of your car insurance

  • Published on
    18-Jan-2017

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  • 7 Ways to Save Money on the Cost of Your Car Insurance

    When it comes to car insurance, Perth drivers are all well aware that this can be one of the most

    costly aspects of vehicle ownership. While basic car insurance is mandatory, often the cost of the

    vehicle and the amount of outstanding finance warrants a more costly and comprehensive level of

    cover. Fortunately, there are a number of ways to cut the cost of car insurance Western Australia drivers can benefit from.

    Adjust Your Excess:

    One of the most effective ways to reduce the cost of car insurance Perth drivers should consider is to adjust your policy excess. If you opt for a higher excess, it could have a significant effect of reducing

    the cost of your policy. While you need to approach this technique with a little consideration to

    ensure that it is still financially viable in the event of an accident, you will find that you can

    immediately benefit from this.

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  • Assess Your Coverage:

    While comprehensive insurance is a good idea if you have a newer vehicle with outstanding finance, it

    is often prohibitive if you have an older car. If the value of your car is not that high, you may find that

    you are paying well over the odds on a comprehensive policy. You need to assess your coverage and

    determine how much the policy would pay out in the event the vehicle is written off. If after the

    excess, you would only be left with a couple of hundred dollars, it may not be worth paying for the

    extra coverage.

    Inform the Company About Anti Theft Devices:

    Most modern cars already have passive and active anti theft and safety systems fitted as standard.

    While the insurer is likely to already be aware of standard features on your vehicle, it is still worth

    letting them know the specific devices. This is especially the case if you have had an after-sales device

    fitted. You may be pleasantly surprised at the discount you can qualify for as your vehicle has a

    reduced chance of being stolen.

    Exclude Drivers:

    While you may have teens in your household who would love to drive your vehicle, chances are

    keeping them on your policy is greatly increasing the cost of your car insurance. Perth drivers should

    consider excluding certain drivers from their coverage to reduce the costs. This does mean that you

    may need to restrict which cars in your household young drivers may use but you are likely to find

    that the cost of your insurance drops dramatically.

    Dont Put in a Small Claim:

    Car insurance is designed to protect you from a major financial loss, so you will need to consider

    whether it is financially viable to put in any smaller claims. For example, if you have a minor bump and

    the estimate for the damage is only a couple of hundred dollars over your policy excess, it is probably

    a good idea to handle it independently.

    If you are looking for a competitive quote on your car insurance Perth drivers should contact us. We are an authorised Subaru dealership with a wide selection of both new and used vehicle, and access

    to exclusive insurance deals. Our sales team would be happy to answer your questions and provide a

    quote.

    To know more about the new Subaru car insurance, please visit http://www.peelsubaru.com.au/ or contact us at (08) 9582 6222.

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