Tips for Car Insurance: Before renewing the car insurance premium, some things should be kept in mind so that your car is also safe and the insurance premium does not increase too much. Here we want to tell you which tips to keep in mind so that you can save some amount on the insurance premium of the car.
How much does the car run – how much damage is done
The longer your car stays on the road, the more damage it is likely to cause, so if you are a driver who rarely uses the car, you should give this information at the time of renewing your car insurance. The sum insured may be a little less. Although this is subject to approval of car insurance company.
Credit score is also important
Generally credit score is used while taking loan or taking credit card etc. But nowadays some car insurance companies are also using it to decide the premium or renewal amount of the car. Due to this, you should take care that your credit score should never fall below the level of 750. A CIBIL score of 750 is considered a good score which is also considered to be the standard for availing loans etc.
The amount of car insurance premium can vary by different parameters
The risk of theft of a new car is also high, so if you are thinking of buying a car, then by going to the insurance company or on a site like Policy Bazaar, know in advance how much the premium rate of a new car can be for you. is. Apart from this, the repair of a new car after an accident costs more while the renovation of an old car takes less. On this basis also the sum insured may increase or decrease.
Car driver also depends on some factors
Depending on the type of car driver ie new or untrained- or trained and skilled, your car insurance renewal amount is likely to increase or decrease. So, if you have hired a driver, then search for the safest driver for the car, which will reduce the damage to your car and the insurance can also be renewed on this basis at a lower cost.
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