How to prevent car insurance prices from rising in 2016

According to Susep data, the car insurance market has been losing space among other insurance products, but this does not mean that this product is no longer necessary for those who have cars and motorcycles. This is still the only way for the driver to have peace of mind in the event of robbery, theft or collision, as he knows he will be covered.

The rise in prices has scared consumers a little who are rethinking how to find ways to make insurance cheaper. That's why we've put together some tips for those who are always looking to save money when it comes to car insurance.

Be sure to research other insurers for the price of car insurance

When renewing your insurance, be sure to consider the possibility of contracting the service with another company, if the price of car insurance is attractive. This is because even though it is the same vehicle, it is possible to find very different prices. This often happens because to attract customers, prices end up being lowered and this brings advantages to customers.

Another important factor is not to only search for large insurance companies, small ones can sometimes be a good alternative.

Beware of auto insurance administration fees

You need to pay attention to what is written in the policy, because there may be administrative fees that you cannot even imagine. One of them may be to include or change information in the insurance, and in addition to often having to pay extra in the premium due to this change, there may also be some extra fees.

Do you have a Ford Ka? Find out the average cost of auto insurance for your car 🙂

Negotiate as long as you don't suffer a claim

Negotiating with the insurance company is always a good option to avoid increasing the price of car insurance, especially if you are counting on the help of a broker. To define the value of the premium, several factors are considered and one of them is the frequency with which the person is involved in accidents.

If you have been using the insurance for years and have never needed to activate it or have done so very few times, this could be a point in your favor to guarantee a discount. In addition, you can use other items such as the length of time you have had your license and habits regarding the use and maintenance of the vehicle.

Check if you have bonuses to use

Bonuses are like points that you accumulate according to the length of time you have had the insurance and the number of claims registered. They will allow you to have a discount based on this accumulated score, which is often not even mentioned unless the customer asks about it.

Therefore, ask the authorities if there is a bonus and how it can be used and know that if you change insurance companies it can be taken and used with the new one.

Review your franchise

The deductible is the amount paid when an accident occurs and the vehicle needs repairs. The higher the deductible, the lower the premium value, so if you have never been involved in an accident or had your car stolen, you can think about increasing your deductible to reduce your insurance premiums. However, if you are constantly involved in accidents, this option can be more expensive, so do the math before choosing.

So, before choosing car insurance, do the math and see how to get the best prices and not have a huge increase in 2016.

To further reduce the cost of your insurance, put a vehicle tracker on it 😉