The Importance Of Purchasing A Car
Different people have different priorities while purchasing a new car. Some choose to buy a stylish and flashy looking car, while others go in for a practical and roomy sedan. The cost, fuel efficiency and comfort are other factors that play a role in decision-making. But how many people think about the insurance costs? Not many realize that the premium amount for car insurance is calculated based on the type of car.
When you spent time discussing with your insurance advisor regarding the computation of the cost of your car insurance, you become aware of the fact that your car plays as much of an important role as your past driving record in deciding your insurance premiums. Insurance companies are wary of settling claims, and there exists a category of cars that is classified as invitation to trouble! You may be a world-class expert driver, but if you are driving a highly risky car, lower premium car insurance is as difficult to obtain, as it is to procure the front row tickets of a popular concert.
The car market deals with different types of cars like big cars, small cars, sports cars, luxurious cars, etc. For those, who cannot afford to buy a new car can go for used cars. This on-line platform will provide you a complete database of car dealers who are willing to buy and sell cars. Browse through the extensively researched categories of cars and get the most updated information related to cars.
The Highway Loss Data Institute is an organization that conducts scientific studies on human and economic losses, resulting from the ownership and operation of different types of vehicles. Insurance agents get valuable inputs from this organization, which helps them to decide which vehicle make and model fall in the high-risk category. You too can make use of these statistics and take a prudent decision. The important point to remember is that, lesser the losses due to an accident, the lesser will be the insurance premium.
Most car companies will claim, for example, that they make the best small family car that offers space and reliability in one neat package. Some have even taken up the challenge of trying to produce the most economical family car to help motorists reduce their costs.
Security devices such as car alarms and GPS tracking systems can also contribute to lower cost of car insurance. The reason for this is that because your car insurance company has to foot the bill, if your car goes missing as a result of car theft and/or your car is vandalized, taking precautions in that direction will definitely award you bonus points with your insurer coupled with the lower insurance premiums that are associated with it!
With the need to save money increasing daily, many motorists need to look into whether they are prepared to pay for a new car, or settle for a used car. And of course there’s the question of arranging a car loan and finding good car insurance.
Graham McKenzie is the content syndication coordinator for Carinsurancesa.co.za, a leading South African Car Insurance portal.
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