Import Car Insurance Premiums - How You Can Save
If your car is an imported model, you already know that an import is somewhat more expensive to insure than a domestically made vehicle. Even if the higher cost of your insurance premiums is something which does not place a strain on your finances, you'd still like to save money on your import car insurance - and you can if you know how.
All drivers should carry car insurance. In most states, it is legally required that all drivers have this coverage and even if you live in a state which does not make car insurance mandatory, you should still have this important protection. You could save money on your premiums by carrying just the bare minimum of insurance required by law in your state, though there are other, better ways to reduce your insurance costs.
In addition, have a look at the following import car-specific strategies to further chop down your import car insurance rates:
1. The make and model of car you drive has a significant effect on your premiums. The more expensive the vehicle, the more it will cost to insure; and of course, imported cars tend to be more costly. You may want to go for a less expensive car if you're currently looking for a new vehicle.
2. Look into owner's club membership. These clubs often have insurance discounts available for members. The club negotiates as a group for a lower rate, much as a group health insurance plan does.
3. Check for cost-saving features and company policies. Even if you obtain insurance through an owner's club, check various plans that offer bigger savings for modifications made on import cars. For example, adding a performance filter to an otherwise unmodified 1.6-litre Honda Civic can actually improve its performance enough to earn you additional savings. This is because more and more insurance companies are going to great lengths to be more specific with their policies on car insurance from other countries.
4. Ask your insurance company about their no-claims discount. If you keep a clean driving record and file no claims for a certain period of time (usually three years), you are entitled to a discount under the policies of most car insurance providers - make sure you ask for this discount, since they may not offer it otherwise.
5. Be security conscious. Many imported vehicles lack the security features common in domestic cars. These cars are also desirable targets for thieves, so not only can you get a discounted rate on your car insurance by installing security features like an alarm, immobilizers and tracking systems, but you'll also be protecting yourself from having your expensive car stolen. The discounts offered by many car insurance companies for this are substantial, so these are features which are well worth installing in your vehicle.
The popularity of import cars is undeniable. Although insurance might pose a slight setback to your wanting to own one, top-notch performance at incredibly low prices make thousands upon thousands gravitate toward fuel-efficient, overall economical Japanese cars. Plus, the design makes for interesting car buff-magnet. - 21393
All drivers should carry car insurance. In most states, it is legally required that all drivers have this coverage and even if you live in a state which does not make car insurance mandatory, you should still have this important protection. You could save money on your premiums by carrying just the bare minimum of insurance required by law in your state, though there are other, better ways to reduce your insurance costs.
In addition, have a look at the following import car-specific strategies to further chop down your import car insurance rates:
1. The make and model of car you drive has a significant effect on your premiums. The more expensive the vehicle, the more it will cost to insure; and of course, imported cars tend to be more costly. You may want to go for a less expensive car if you're currently looking for a new vehicle.
2. Look into owner's club membership. These clubs often have insurance discounts available for members. The club negotiates as a group for a lower rate, much as a group health insurance plan does.
3. Check for cost-saving features and company policies. Even if you obtain insurance through an owner's club, check various plans that offer bigger savings for modifications made on import cars. For example, adding a performance filter to an otherwise unmodified 1.6-litre Honda Civic can actually improve its performance enough to earn you additional savings. This is because more and more insurance companies are going to great lengths to be more specific with their policies on car insurance from other countries.
4. Ask your insurance company about their no-claims discount. If you keep a clean driving record and file no claims for a certain period of time (usually three years), you are entitled to a discount under the policies of most car insurance providers - make sure you ask for this discount, since they may not offer it otherwise.
5. Be security conscious. Many imported vehicles lack the security features common in domestic cars. These cars are also desirable targets for thieves, so not only can you get a discounted rate on your car insurance by installing security features like an alarm, immobilizers and tracking systems, but you'll also be protecting yourself from having your expensive car stolen. The discounts offered by many car insurance companies for this are substantial, so these are features which are well worth installing in your vehicle.
The popularity of import cars is undeniable. Although insurance might pose a slight setback to your wanting to own one, top-notch performance at incredibly low prices make thousands upon thousands gravitate toward fuel-efficient, overall economical Japanese cars. Plus, the design makes for interesting car buff-magnet. - 21393
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posted by X - Men @ 8:31 AM
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