Best ways to reduce Compare car insurance

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Compare Car Insurance
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Best ways to reduce Compare car insurance While
choosing a compare car insurance one should be
aware that your policy has two components own
damage and third party damages. Your premium will
be based on these two components of the insurance
cover. People look to save money on the insurance
premium. Those who wish to lower their premium
should understand that only the own damage
premium part is under your control and third
party premium is prefixed by the regulator so
its same for all plans by various insurance
providers.
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The article gives some tips to control the costs
you pay for your own damage Compare car
insurance No Claim Bonus Every time you
complete your car insurance year without a single
claim youre rewarded with No Claim Bonus points.
You can redeem the points against the claim
amount or premium reduction. So check and see if
you can avail of this benefit. If yes, then the
discount will be deducted from your premium and
you have to pay less for the current year. It is
advisable, dont claim for petty scratches or
dent. Instead, accumulate your bonus points and
go for higher claim or discounts. The other way
to keep your NCB intact would be applying for add
on cover for NCB protection. Though you may need
to pay a bit extra on your premium but it is
always a valuable protection. It helps to
reinstate your NCB to a certain measure.
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Garage Repair Every Compare car insurance
company has its own network of garages where you
can avail cashless repairs. Network garage offer
services at cheaper rates compared to your local
shop. These deals are 20 lower compared to a
local garage. A lower cost of repair means a
lower depreciating value of your car or bike.
Taking your motor to a network garage helps you
get a negotiated deal on repair costs.
Long-Term insurance policy - Keeping in mind
the huge growth opportunities and high FDI flow,
the government has decided to boost the
two-wheeler insurance segment. They have launched
the first three-year comprehensive cover for
scooters and motorcycles. The comprehensive cover
is 30 percent cheaper than buying annual policies
and comes with lucrative offers for the buyers.
The best part of a long term policy is that the
third party insurance premium and the service tax
hikes would not affect the premium of the policy.
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Voluntary Deductible A voluntary deductible
means you will have to pay a part of the claim
whenever the situation of claim arises. The part
of the claim you promise to pay decides the costs
of the premium for the rest of the cover. If you
opt for this option it will help you lower the
premium rate. It is advisable, if they are small
dents or scratches dont make a claim. It will
affect your no claim bonus in the long run and
you wont be able to reduce the premium or make
higher claims. Prudent and smart strategies will
always help you to keep the premium lower so it
proves easier on your pocket.
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Online comparison always helps to get better
Compare car insurance deals. You can get multiple
quotes from a single window. Based on the
comparison of policy in terms of benefits
features, discounts, claim settlement ratio, etc.
you can choose the one that fits your needs and
budget.
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