Even before driving your new car off the showroom floor, your insurance plan should already be finalised. Not only is it customary to arrange a suitable insurance coverage plan for your new vehicle when purchasing, it is also the logical thing to do. After all, a car is one of the biggest purchases you will make in your lifetime; it makes sense to secure your purchase with insurance.
When deciding to purchase a car, the type you choose is one of the major factors that can influence how high or low your insurance premium rate will be. It’s a general rule that the more expensive your vehicle is, the higher your insurance rate is. But other factors also come into play such as vehicle make, features and the model year of the specific car. Buying vehicles at car sales, or when dealerships host special promotions, is the ideal time for new car buyers to find a set of wheels that will include a discounted insurance package (depending on the sale terms and conditions).
CMH Carshop offers new car buyers comprehensive vehicle insurance at competitive rates. Continue on to our car sales section for the latest specials and deals on new cars.
Tips to get the best deals on vehicle insurance
When applying for vehicle insurance you will notice that there is no flat rate when it comes to premium rates, as this can vary greatly across car dealerships and financial institutions. However, there are some basic guidelines to follow when purchasing vehicles at car sales that will ensure you receive a low insurance premium. Continue reading to learn more:
· Choose a low-risk car: When browsing for vehicles at car sales, keep in mind that high-performance cars are generally classified as high-risk vehicles, and will thus receive a higher insurance rate. However, this factor can be countered with other deciding factors such as the age of the driver and where the vehicle is likely to be parked when not in use. If the driver is over the age of 25 and owns a locked garage for the vehicle, a considerable amount of the insurance rate for a high-performance car will be dropped.
· Choose a higher excess: Another way to decrease your insurance rate is by opting to pay a large excess on a claim. It is a general rule that the higher your excess amount, the lower your monthly premiums will be. However, when choosing this option you need to make sure that you understand all the terms and conditions involved, and that you can afford to pay the excess if you need to claim.
· Ensure adequate vehicle security: One of the factors considered when applying for vehicle insurance is the premises where the said vehicle will be parked i.e. your home. And the more security you provide for your car, the lower your insurance risk profile would be, thus ensuring a low premium rate. Make sure that your garage is secure and covered, if you do not have a garage space then ensure that your driveway gate is lockable.
Find your new car with comprehensive insurance at CMH Carshop car sales
CMH Carshop is South Africa’s leading motor retailer with operational branches nationwide. As an accredited new and approved used car retailer, we provide our customers with a supreme selection of vehicles from which to choose. Search for new cars of your choice by using our user-friendly search box, or find bargains at our car sales section today.