Save on Car Insurance Premiums with these Tips

January 24 - With the price of car insurance going up again, some South Africans are even considering the drastic step of selling their cars as they cannot afford the monthly premiums.

However, there are ways and means of saving money on those premiums.

One thing to do is check who drives the car on a regular basis. One driver at a 'safe' age will keep the premiums low, while the more drivers there are, and the younger the drivers, the higher the risk for the company and therefore the higher the costs.

Next, check the car. Is is a high performance vehicle? This may contribute to higher fees as these types of cars are more expensive to repair if it is involved in an accident.

If the car owner is already thinking of switching cars, it may be a good idea to seek out low performance vehicles and avoid red or black cars which are also seen to be a higher risk.

Check out which cars are popular with car thief syndicates and avoid buying those models.

Naturally, insurance companies will reward car owners if they take precautions against the car being stolen.

Cars should be fitted with immobilizers and car alarms, which may not prevent theft but will certainly deter it.

Insurance risk is also reduced with additional security measures such as tracking and recovery devices, lock up garages and even safer neighbourhoods.

Car owners who have a clean track record when it comes to claims and accidents may be able to pay cheaper premiums if they can prove this.

Some drivers may be tempted to lie about their accident history, but if they are found out, they risk not being able to make a claim and could face prosecution.

Keeping the cost of car insurance down is also possible by shopping around for the best quotes and comparing all offers.