Affordable vehicles ensure inexpensive insurance rates

When it comes to applying for vehicle insurance, the value of your vehicle plays a large role in the insurance rate you will receive. Affordable vehicles that are widely available tend to have a lower insurance rate than more expensive, limited edition vehicles. This article outlines some useful tips to bear in mind when applying for vehicle insurance.

CMH Carshop is an accredited motor retailer with dealerships located in every major city in South Africa. Our range of affordable vehicles is one of the largest in the country, providing our customers with an extensive selection. As part of our excellent service, we also offer vehicle insurance and financing to make the car-buying process as easy as possible for you. Continue reading to learn how you can get a good rate on your insurance premiums.

Factors that ensure a good insurance rate at CMH Carshop

Financiers and insurance consultants at CMH Carshop review each applicant’s details individually to determine a suitable insurance rate for him or her. However, there are some factors that will ensure a low insurance premium and being aware of these factors beforehand can save you a significant amount of money when applying for vehicle insurance. These factors include:

Age of driver – The general rule in insurance is that older, more mature drivers receive preference over young drivers. This means that older drivers will receive a lower insurance premium rate than young drivers. This is because older drivers are usually more experienced than young drivers and are therefore a lower risk factor. However, if young drivers (under the age of 25) choose to insure affordable vehicles that are classed as entry-level cars, they will get better rates than if they were to choose high-performance sports cars.

Choice of car – One of the most important factors affecting car insurance is the make and model of the car. Expensive luxury cars and imported sports cars have high insurance premiums whereas affordable vehicles that are classed as mid to entry-level will incur a lower rate. Therefore, choose affordable vehicles if you want to save money on vehicle insurance.

Type of coverage – CMH Carshop offers vehicle insurance for a wide variety of drivers. And the type of insurance coverage plan that you choose will also determine the rate of your premiums. However, when you buy affordable vehicles at CMH Carshop you can opt for an advanced insurance package and still receive a good deal on your premiums.

Buy affordable vehicles with insurance at CMH Carshop

As a pioneer in the online motoring industry, CMH Carshop enables you to browse affordable vehicles for sale from the comfort of your home or office in just a few clicks. View our large selection of affordable new cars for sale to find a car that will save you hundreds of Rands on insurance costs.