CAR INSURANCE PREMIUMS
Redisure advice for lower car insurance premiums
Redisure offers our clients the best possible choices for
car insurance premiums. Clients want to know how insurers
calculate the car insurance premiums. We have listed the factors
that determine the rates offered by most insurers and ways
that you can prevent high rates.Factors that have an influence
1.Model, make, age and color of the vehicle.
2.Personal background such as age; years driving; previous
insurance claims, and driver’s record.
3.Security features on the vehicle, for instance, satellite
tracking system; gear lock; alarm; immobilizer, and steering
lock.
4.Address where your car will be parked. If you stay in a
high risk area you will pay higher premiums.
5.Overnight parking space. Your car is safer in a lock up
garage.
6.Main usage of the vehicle. Will you use the vehicle for
business purposes and deliveries or transport of people, or
will it be used for private purposes like driving to work?
7.Parking safety at work. Will the car be parked in a secure
area?
Color of the vehicle
White, yellow and red cars are more visible on the road and
therefore carry a lower risk of head on collisions in the
later afternoon and the evenings. Black, silver and dark cars
are more difficult to see in the rain, just before dawn and
during the evenings.
Age of the car
Newer cars are less likely to have breakdowns and devastating
failures that can cause accidents. For this reason, the age
is also important. The book value of the car is taken for
the specific manufacturing year.
Model and make
The model and make also have an influence on your car insurance
premiums. The insurer distinguishes groups of cars based on
the models and makes. Certain groups fall in the high risk
category. The rate is determined by cost of replacement of
the vehicle parts; cost of repairing damage to the vehicle;
estimated time for repairs; availability of parts and vehicle
bodies; top speed of the motor; how fast it can accelerate;
standard security fitments, and any modifications to the vehicle.
Age and driving experience
This is one instance where being over thirty counts in your
favor. Drivers under 25 are more likely to drive fast and
have less driving experience than people who are older. It
is not only age that counts, since you may be over thirty
but only passed the driver’s test two or three years
ago. This means you have less years driver’s experience
than a 26 year old person who received his or her driver’s
license at the age of 18.
Driver’s record
If you had no previous claims, you will qualify for lower
car insurance premiums and no claim bonuses. If however, you
had several accident claims in the past, you will be considered
high risk. The best way to ensure a lower rate is to drive
safely. Anything on your driver’s record will count
against you, for instance, a judgment against you for drunk
driving will place you in a high risk category.
Security features
In a country where the statistics for auto theft and hijackings
are extremely high, any reliable security additions to your
vehicle will result in lower car rates.
Address
People who stay in the countryside or suburbs fall in the
lower risk group. If you stay in an urban area where the car
will be parked in open areas or in the street, the chances
for theft or someone stealing your radio is much higher.
Overnight parking
If your car is parked in a lockup garage behind an electric
gate, your insurance premiums will be lower. If however, the
car is parked outside in an open garden, the risk for theft
is higher.
Main usage of the vehicle
Cars driven to work and back home, are less at risk of being
in accidents than those used to drive longer distances and
to several places. They are also less likely to be stolen
when parked in secure areas, whereas vehicles used for business
purposes are sometimes parked in unsecured areas. Vehicles
used for business purposes carry higher risk.
How can you get lower insurance premiums through
Redisure?
- With Redisure, you can build up a No Claims Bonus as part
of our way to reward you.
- Normally when you place a claim, there is an excess amount
to pay. With Redisure you have the option to pay a higher
excess in return for lower rates
- Park your vehicle in a lockup garage.
- Install a VESA approved alarm and or immobilizer as this
will count in your favor.
- Install a tracking system for discount rates.
- Finally contact Redisure to help you decide on what cover
to take and how to lower your car insurance premiums.
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