Are you paying huge amount for car insurance

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Are you paying huge amount for car insurance

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Have you ever wondered why a few people appear to get the best car insurance rates while others battle with silly premiums? Well an awful driving record may have a comment with it Be that as it may, there are a few reasons why individuals with good driving records are paying excessively for car insurance – PowerPoint PPT presentation

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Title: Are you paying huge amount for car insurance


1
Are You Paying Huge Amount For Car Insurance?
2
  • Have you ever wondered why a few people appear to
    get the best car insurance rates while others
    battle with silly premiums?
  • Well an awful driving record may have a comment
    with it
  • Be that as it may, there are a few reasons why
    individuals with good driving records are paying
    excessively for car insurance

3
Wrong Choice
  • You might have chosen the wrong vehicle, when it
    comes to insurance
  • Some cost more because of their lack of safety,
    likelihood of theft, and cost of the actual car
  • To illustrate, 329,000 Ferrari 458 Italia is
    going to have an extremely high claim if damaged
    or totaled
  • So it is practically be sure that the owner is
    paying a tiny bit more than the normal buyer

4
Policy Lapse
  • It is much more awful to ceaselessly not pay your
    bill and let your policy lapse quite a long time
  • The more they see you as a liability the more
    they will make you pay
  • Continually miss payments and let your policy
    lapse for a couple years in a row and watch your
    car insurance rates increase wherever you go

5
Not Getting Quotes
  • It is a good thing to occasionally get quotes to
    ensure that you are not paying way too much
  • If you notice your rates climbing every year,
    have an independent insurance agent to get you
    multiple quotes
  • All companies have difference rates and
    discounts, so as your insurance needs change, so
    may your eligibility for different discounts

6
 Small Claims
  • Insurance is meant to save you from huge
    financial losses
  • But they are not there to pay for every small
    amount of damage that happens to your vehicle
  • Those with a tendency to file a claim every time
    something happens, also tend to watch their
    insurance rates increase over time

7
Lowering The Deductible
  • The lower the deductible, the less you have to
    dish out when filing your claims
  • But unfortunately, a lower deductible means a
    higher premium
  • Even if you never make claims, you are paying
    much more on a monthly basis by keeping your
    deductible low
  • If you do not make a claim for several months, a
    500 increase in your deductible can save you
    thousands over the months to come

8
Teenage Drivers
  • Teens are less experienced drivers, meaning they
    are a higher risk driver
  • If you think your rates increase enough just by
    adding a teen to your insurance, then youre
    going to be in shock if they get in an accident
    while driving your car

9
  • So, are you one of the people who can afford to
    pay more on your insurance premium than everyone
    else?
  • OR
  • Are you willing to save a little money?

10
If possible, start saving.
  • Make sure you are getting all your discounts
  • Bundle your policies
  • Increase your deductible
  • Start building your credit back up
  • Stop making small claims

11
Car Insurance UAE
  • Al Buhaira National Insurance Company
  • abnicho_at_albuhaira.com
  • Al Buhaira Tower
  • Khalid LagoonBuhaira Corniche, SharjahP.O. Box
    6000
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