Each year more than 1.3 million people’s loss their lives caused by road traffic accidents. As a result, it causes great loss to the families and to nation as a whole. Car repair cost a lot. Car Insurance company help their customer to get free car accidental insurance. It prevents any loss or damage to the vehicle in future.
Car Insurance Policies:
Insurance company goals is to provide best benefits to car owners. Some parts of vehicles are not covered by insurance service.
Some of them are:
- Battery Damaged
- Tyres Damaged
- Damaged cause by a short circuit
Car Insurance Cost:
Many companies in the world charges differently some of them charge for 6 months on the other hand some of them charges annually in their premium package.
Choosing a Plan:
According to insurance service provider standard Car Insurance policies are predefined. Most features provide by car insurance in Pakistan companies are same. However, it is difficult to differentiate between these insurance plan.
How to Reduce Car Insurance Cost:
Comparing Insurance Cost:
Each time a customer purchases a vehicle it is important for him Check its insurance cost. Premium insurance packages depend on car price and the cost to repair it. Because many Insurance companies provides discount for those vehicles which has security features installed in it.
Discount by Insuring Multiple Vehicles:
Most of the customers end up on those insurance company that insured one vehicle. These companies cost a lot if a single person purchase these policies for multiple times. So, it is good practice to have a contract with those companies that offer discounts on multiple vehicles. Thus, If a person insured more than two vehicles the insurance company will provide them discount up to 20%.
Defensive Driving Course:
Drivers can take defensive driving course which adds safe driving or accidental prevention. Some of Car Insurance companies provide discounts to those drivers who has passed the defensive driving course.
Hence, It is difficult for customer to look for these companies but if they avail discount it saves a lot of cost.
Look for Better Insurance Rate:
Many customer purchase car insurances annually. So, whenever customer insurance policy expire they should not go for the same insurance plan. Customer must look for others companies. Nevertheless, this will provides more benefits at reasonable price.
Use Mass Transit:
Customer need to make sure that their vehicle must travel for more than 3 hours per day rather than traveling 2 miles per day. If they are purchasing insurance policy for such vehicle that does not travel a lot and for that customer is paying extra money for this vehicle. Hence, it saves a lot of cost.
Size of Vehicle:
Size of vehicle does matter a lot incase of accidental insurance. A car whose size is larger than an average car cost a lot compare to a smaller one. So, customer need to purchase insurance policy for smaller vehicle to saves decent amount of cost.
Location based Rate:
Insurance companies cost depends on different state or regions. So, customer should look for such companies which has minimum rate and many benefits.