Car insurance is a necessary expense for every car owner in Australia, but the costs can add up quickly. Finding affordable car insurance can be a challenge, especially with the rising costs of premiums. In this article, we’ll discuss nine ways to get affordable car insurance in Australia.
Shop around for quotes
One of the best ways to get affordable car insurance is to shop around for quotes from different insurance providers. Don’t just settle for the first quote you receive. Take the time to compare prices, coverage options, and deductibles.
Increase your excess
By increasing your excess, you’ll be able to lower your premiums. However, keep in mind that you’ll have to pay more out of pocket in the event of an accident. Make sure you can afford the excess before increasing it.
Bundle your insurance policies
Many insurance companies offer discounts if you bundle your car insurance with other policies such as home or life insurance. Consider bundling your insurance policies to save money.
Consider a low-mileage policy
If you don’t drive your car often, consider a low-mileage policy. These policies are designed for people who don’t drive their cars frequently and can save you money on your premiums.
Choose a car with a lower insurance rating
Cars with a lower insurance rating are cheaper to insure. When shopping for a new car, consider the insurance rating and how it will affect your premiums.
Install security features
Installing security features such as an alarm, immobilizer, or tracking device can reduce your premiums. Insurance companies view these features as a way to lower the risk of theft or damage to your vehicle.
Paying your car insurance premium annually instead of monthly can save you money. Many insurance companies offer discounts for paying upfront.
Maintain a good driving record
Maintaining a good driving record can help you get affordable car insurance. Avoid traffic violations, accidents, and claims to keep your driving record clean.
Ask for discounts
Insurance companies offer a range of discounts such as safe driver discounts, student discounts, and loyalty discounts. Make sure to ask your insurance provider about available discounts that you may qualify for.
Getting affordable car insurance in Australia requires some effort, but it’s worth it in the long run. By following these nine tips, you can save money on your car insurance premiums without sacrificing coverage.
Remember to shop around, compare quotes, and take advantage of available discounts to get the best deal.