Insurance company: How to save money when buying car insurance?

The fee that you pay for insurance company can be very different, following are several ways that help you save money when buying insurance.

Insurance company: How to save money when buying car insurance?

Learn about many insurance companies before making decision

Every insurance companies offer different insurance fees. Therefore, you should collect at least 3 insurance companies’ price lists to get the best price with the same kind of insurance. However, do not rush to look at the fee first, you need to learn about things such as solving problem procedures, finance scale, reputation to choose the best one. Refer to your friends, relatives who have experiences in using cars and insurance.

Professional services

Choose insurance company based on its relation with professional repair services or trusted garage. Learn about the level of cooperation between insurance company and garage to avoid travel many times due to complicated procedures. In addition, you should consider many issues such as 24/24h rescue service, professional and dedicated staffs, timely compensation procedure.

Choose high deductible

If your loss costs less than your deductible, you will not be compensated. Your loss must be more than deductible to be compensated. The higher the deductible is, the less you have to pay. Common deductible is 200.000VND in Vietnam. If you raise it to 1.000.000 VND, you can save 20-30%. However, not all companies leave option that allows you to raise your deductible. If you choose this option, you have to drive very carefully because you will not be compensated for the scratches on the car.

Buy combined insurance or in groups

If you buy home insurance, medical insurance and car insurance at the same insurance company, you can get a certain discount. If you have condition, you can buy long term insurance.

If your friends or your colleagues want to buy insurance, you should gather them and buy in group to get more benefits.

Valuable experience when buying insurance

In addition to above notes when buying insurance, you should ask salesman to provide “Insurance rules” attached to contract. Only insurance rules represent all rights, obligations and exemptions.

Several customers do not pay attention to conditions mentioned in insurance terms. Therefore, you should learn carefully about categories in contract to avoid mistakes leading losses.

Defining rights and responsibilities: when you have yet to sign the contract, the more negotiations you have the more benefits you get.

Choosing service provider: it is quite important because insurance company has backyards. Therefore, you had better choose a trusted garage repair and include it in the contract.