Your motor car insurance policy premium

Posted by on Mar 10th, 2011 and filed under Insurance. You can follow any responses to this entry through the RSS 2.0. You can skip to the end and leave a response. Pinging is currently not allowed.


If at all possible, set up your motor car insurance policy with the same insurance company that performs other insurance services you use.

The car insurance industry is exceptionally competitive.  At first, that sounds like purely a good thing for consumers, as competition generally generates extra value.  Unfortunately, car insurance industry competition also has some less positive effects as well.  Competition means that companies have to work significantly harder at product and brand differentiation, with the unintended consequence that roughly the same set of car coverage details can be presented in a thoroughly confusing melange of packages.

So the job of finding affordable car insurance can be a little bit more of a hassle than it might appear at first glance, a fact that can become excruciatingly obvious the first time you sit down to put together coverage options to comparison shop.  In order to save some time, it’s best to have all of your ducks aligned before you begin car insurance shopping.  We’ll cover a few of the car coverage basics to make sure you get the best motor car insurance discount possible.

First, if you haven’t bought your import car yet, and car insurance costs are a significant factor for you, you can perform an online comparison of average insurance premium costs as a function of car make and model.  This might help you with your car selection decision.

Second, if at all possible, set up your motor car insurance policy with the same insurance company that performs other insurance services you use (life, home, health, etc).  Bundling insurance and financial services this way will allow you to get substantial discounts, sometimes 20% or more.

Next, if you’re insuring more than one car or truck, make sure to cover them with the same company.  You’d probably do this anyway merely for the sake of convenience alone, but the substantial multi-car insurance discount is a strong reason in its own right.

If you’re insuring a younger motorist, see to it that your young driver gets reasonable grades in school in order to take advantage of the good driver discount offered by most car insurance providers.

Finally, if you really have an aversion to car insurance shopping, you can have auto insurance discounters do the leg work for you.

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