If you are shopping around for a new vehicle, your purchase must go hand in hand with acquiring a car insurance quote. As soon as you drive your car off the showroom floor you are at risk of being in an accident or you can be hijacked on your way home, therefore you should have your vehicle insurance policy in place just before getting behind the steering wheel of your vehicle for the very first time.

There are many variables that will influence the car insurance quote that you will receive. Factors such as your age, gender and driving record are all examples of such variables. The cost of the car in question will also play a role, as will the quantity of nominated drivers on the car.

Never settle for the very first car insurance quote you receive. Try to contrast and compare as many quotes as possible – no less than 3 or 5. Should you are uncertain about the terms and conditions associated with your policy, make certain to discuss this with your insurance agent or insurance broker prior to signing your contract.

One of the items that may well lead to a lower car insurance quote is opting for a higher excess amount. An excess amount is basically the difference between the cost for repairing your car and the amount that the insurance company is willing to pay. Say for instance you have to repair your bumper after a little accident and the repair price is R10 000. The insurance business agrees to pay R8 000. Your excess amount (payable by you!) is then R2 000. The higher your voluntary excess amount, the lower your associated premiums (usually!). Just be mindful that you do not decide on such a high excess amount that you would not be able to honour the payment when it is time to put in a claim!

Also keep in mind that your car insurance quote will usually only give you an indication of your first year’s premiums. An essential issue to remember is that your insurance premium is probably to increase on a yearly basis. You might be thinking that this is not making sense, as the value of your car is in reality decreasing year after year and thus the insurance company’s subsequent risk is lower. On the one hand that is true, but remember that the cost for repairing your vehicle (parts and labour) increase each year and insurance businesses have to cater for this elevated cost by increasing your premiums.

Often times an insurance company will present a car insurance quote, but your insurance policy will only be activated once you have taken your vehicle for an inspection. These inspections are needed as insurance businesses have to ensure that you aren’t trying to insure a car with an existing issue and that all the security features (such as an alarm system, immobilizer etc) stipulated on the contract are indeed in place.

Obtaining a car insurance quote is truly not difficult. Research your options, compare a couple of quotations and make an informed decision.

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