High cost car insurance remain a thorny issue in Ireland – Steps to save your dollars | Get Financial Freedom Tips | Transform Your Financial Future


Wednesday, May 1, 2013

High cost car insurance remain a thorny issue in Ireland – Steps to save your dollars

According to recent reports, the high cost of car insurance for young drivers has always been a thorny issue for a very long time throughout Northern Ireland. Although there are some auto insurance companies that offer the telematics-based Road Safety Reward App as a panacea to the rising auto insurance costs, but they’re still hoping that auto insurance will gradually become more affordable for the younger drivers. The target age group for this aforementioned application is 17-25 year old who will be given a score that will be determined on their driving patterns. Those who score well will get as much as 40% off their premium costs but you should be aware that the discounts will be dropped if your driving deteriorates with time. Check out the ways in which you can save your dollars on your car insurance policy in Ireland.

Enhance your financial records

You must have heard of the symbiotic relation between your credit score and your auto insurance premiums. Well, the better your credit score is, the lower will be the premiums that you’ll have to pay towards your car insurance policy. Your credit score is a three digit number that speaks about your financial worth and shows the lender how well you’ve been at managing your personal finances in the past. A good credit score will speak in your favor and a bad one will speak against you. So, take steps to raise your credit score before taking out an auto insurance policy.

High cost car insurance remain a thorny issue in Ireland – Steps to save your dollars

Get a driving course done

You should get a driving course completed from any reputable driving institution so as to prove to be a safe driver. The higher is the risk factor associated with the driver of the car, the higher will be the insurance premiums as the lender will try to reduce their risk. So, complete a driving course and get the certificate in order to grab covetable deals on your car insurance policy.

Get multiple quotes

There are hundreds of online auto insurance companies in Ireland who are ready to offer you insurance quotes. Unless you compare and contrast the rates that are being offered by the companies, you won’t know which one would be suitable for you. Remember that low price doesn’t always mean the best policy as coverage is the main thing that you should check while taking a car policy. Choose the one that offers you adequate coverage within a reasonable price.

Take the auto insurance at the right age, offer to pay a high deductible in the event of filing a claim and install certain anti-theft devices in your car to qualify for additional discounts. You can also club in all your insurance policies from the same Ireland insurer so as to grab multiple policy benefits too.

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