Having car insurance is a legal requirement to be able to drive a vehicle. It is also an obligation to protect you and the other drivers on the road. It protects you from financial ruin. Import car owners face special challenges because of the vehicles they own. Just as it sounds, import cars are imported from another country. Imported cars have foreign manufacturers and foreign parts. If an imported car were to be damaged it would be harder to find quality people and parts to work on the car. When shopping for import car insurance ask the agent the following questions to help ensure you are getting a good policy:
- Can you guarantee the workmanship of life should there be an accident repair necessary?
- Can you guarantee the parts are going to be the same brand of car and not a “comparable” brand?
- Can you provide a large network of local shops that can perform work on my car should the need arise?
- Are the adjusters local?
- Do the adjusters provide personal service?
- Are the adjusters trained in the intricacies and expenses of imported cars?
- If my car is totaled how is the amount paid to be calculated?
- Does your company specialize in imported cars?
Obtain several quotes and answer the above questions with several different companies. Research them on the internet and get a feel for their reputation. Then make your decision about the best company to use for your import car insurance.
Stop paying too much!
Just because you drive a sports car doesn’t mean you have to pay huge auto insurance premiums. Keep reading to learn many tricks I’ve learned over the years to help save that hard earned money.
First thing’s first. Always shop around when beginning to look for insurance agents. There are numerous insurance agents available whether you search locally or online. Never settle for the first insurance agent you talk to. I suggest that you gather insurance quotes from at least three insurance agents before making any commitments.
Next, let’s talk about anti-theft devices Everyone who owns a sports car knows how much extra attention it gets when driving. However, your sports car may be susceptible to unwanted attention from thieves when you are away. So be safe by installing an anti-theft device on your sports car and your insurance company will more than likely give you a discount.
An educated driver is a safer driver. And auto insurance companies will usually give you a discount for participating and passing an educated driving course.
Combine your Policies:
Insurance companies will usually offer a deep discount to those who choose to keep both their home owners/renters insurance and automobile insurance at the same place. This is a definite bonus when searching for ways to keep your sports car insurance premiums low. And in the long run, you could possibly save bonus dollars on your home owner’s/renter’s insurance also.
We all know sports cars go fast. And so does your insurance agent! So make sure you discuss all your sports car’s safety features with your insurance agents when signing up for coverage. In most states, insurance agents will give a 10% discount for cars that are factory installed with an anti-lock braking system. Another 30% savings to those sports cars that come equipped with airbags and automatic seatbelts.
Car Insurance tacks on a lot of unnecessary discounts to their bills. I should say car insurance companies give unfair discounts to certain clients. If everyone paid the same amount for car insurance and the people that have the most wrecks and claims pay more shouldn’t that cover the cost of insurance? People who get into wrecks or have a lot of previous claims tend to have repeated claims, so charge them more.
Car insurance costs are overinflated to be able to give discounts to a select group of people. The people that get car insurance discounts have more than one vehicle and the discount is called a multi-car discount. Does one person need more than one car to drive? Obviously, if this person has multiple cars they are planning on a problem so they shouldn’t have a discount for that.
Car insurance companies also give discounts to drivers that are married. I didn’t know driving a car responsibly required you to be married. Obviously, insurance agents haven’t ridden in vehicles with the spouses fighting or distracting each other from driving. Car insurance should actually cost more for spouses if they ride in the same vehicle.
If you own a home car insurance companies give you a discount on your car insurance. You don’t even need to have house insurance with the same company that you have car insurance with in order to get the discount. What about all the people who have lived in the same place for years that are renting? Shouldn’t they get a discount too for being stable? You aren’t necessarily less of a risk just because you are purchasing a house. Need I remind everyone of all the people that purchased houses in the last five years that overpaid for their home and may not be able to get as much money out of it when they move or sell their house. They made a poor decision purchasing a home and all those people that stayed as tenants investing their money made similar decisions. What’s the difference?
Did you know you get discounts on the type of car you are insuring? If there is a security device you get a discount. Some insurance companies still give discounts if your car has ABS. If you own a convertible but have a lock on your steering wheel you get a discount.
Credit has a lot to do with the price of your insurance. When the insurance companies ask for your social security number they are running a credit check and if your credit score is high they will give you a good rate. If your credit score is low your insurance automatically goes up about $200-$500. I know this from personal experience.
Wouldn’t it be easier and more sensible to lower car insurance and not worry about discounts? If your insurance is less then you don’t have to worry about giving discounts to entice customers to buy your insurance. One of my favorite commercials used to be for Nationwide car insurance because after driving so long without any accidents they give you a check. The cost of the insurance is overinflated and needs to be lowered if they can offer this bonus to everyone in advance and then take it away if someone has a wreck.
Discounts offered on car insurance include:
- Good credit discount
- Good student discount
- Multi-car discount
- Homeowner discount
- Marital Status discount
- Car discounts
- Good driver discount
If you are buying car insurance make sure you ask for all the discounts. You could save several hundred dollars.