My friend’s cousin had her car stolen. It was all decked out with TVs and DVD players. When she got it back, all of that was gone and the paint job was messed up. She didn’t have insurance on her car so nothing was able to be replaced. If you don’t think you need insurance, just look up how many car accidents and stolen cars there are every year.

There are over 6 million car accidents in the United States every year and a car is stolen about every 35 seconds. Knowing that, why wouldn’t you want car insurance.

When looking for car insurance, shop around. One company could quote you $600/ 6 months and the next could say $1000/ 6 months. Also look for companies that give discounts. You career could give you a discount, when I was a teacher, I paid $800/ 1 year. I haven’t found insurance that cheap since. If you have kids that drive, encourage them to get good grades. If you need home insurance, get it from the same company ad your auto insurance for a discount.

Your car driving habits has a significant influence on your insurance expenses. For a safe driver, increasing deductible will be beneficial as he can stay long periods without an accident and the opposite is with an unsafe driver who meets with accident often, it does not worth raising the deductible. Also getting an accident just after raising your deductible ends up in loss like in the following example.

Safe drivers can also get a discount. I had a car accident, my car was hit while parked, but my insurance went up, even though it wasn’t my fault. For the next 3 to 5 years after the accident, I still had to claim it every time I shopped for insurance. Speeding tickets and DUIs need to be claimed also so improve you driving habits and lower your insurance premium.

Considering that it is possible to keep driving without any accident for 3years and 4months, but there are others on the road who are less efficient which naturally raises chances of involving you in an accident. Again, city dwellers are very much familiar with traffic, rush and reckless driving. Therefore if you are driving mostly in urban area, your chances of getting an accident is very high and so you have to reconsider raising the car insurance premium deductible.

Before raising your car insurance premium deductible you must consider carefully your financial condition, your driving habits, the area you reside and the area you work. Only after making sure the above factors you must go for increasing your car insurance premium deductible.

Graham McKenzie is the content syndication coordinator for Carinsurancesa.co.za, a leading South African Car Insurance portal, which provides cover for all Car Insurance types.

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