If you drive a car and have insurance then you probably want to find a way to reduce your excess. Excess is the money which you have to come up with out of your own pocket if you ever need to make a claim for any reason. This amount can vary widely depending on many factors and some people feel that there is no good way to reduce it. Despite this, there are methods which exist that can help to not only reduce your excess but also reduce your monthly premium.
The most common factor which leads to a high excess is the insurance premium. This is the amount which is paid out each month in order to keep the car insurance. Typically the more you pay out in your premium the lower your excess will be. Despite this fact it is often considered unwise to raise the premium just to reduce the excess. This is due to the fact that in most situations the higher premium over the course of time will far outweigh the cost of the excess should you ever have to file a claim on the policy.
For parents who have student drivers or for students themselves, one great method to reduce your excess and your monthly premiums is to get good grades in school. By receiving consistent good grades in school you are effectively demonstrating to the insurance companies that you are responsible and that you have goals. Insurance companies have found that responsible people in life are far more likely to be responsible while driving. For this reason most insurance companies offer a good grade deduction.
The most considerable thing you can do to help bring your excess down over time is to be a safe driver. While it is understandable that not all accidents that people are involved in are caused by them the vast majority are. By practicing safe driving habits every time you are behind the wheel of your car you reduce your odds of being involved in any form of collision or receiving a traffic ticket considerably. Over time you will be able to prove to the insurance company that you are in fact a safe driver and this can lead to a lower excess.
One area where many people fail to save all they can is failing to bring all the information to the insurance company. Many factors can lead to a lower premium and a lower excess. These include but are not limited to things such as having a good work history, being married, having children and even having a good credit history. All of these things have one thing in common and that is that they demonstrate responsibility and maturity. This in turn leads the insurance company to view you as less of a liability which in turn leads to better premiums and excess.
The most important thing you can do to reduce your insurance company is to shop around when you are looking for an insurance policy. There are many different insurance companies and they all offer similar services at different rates. Not only can this often lead you to getting a better insurance premium and a lower excess but it can also help to ensure that you have a reputable insurance company that will be there for you if you ever need them.
The most common factor which leads to a high excess is the insurance premium. This is the amount which is paid out each month in order to keep the car insurance. Typically the more you pay out in your premium the lower your excess will be. Despite this fact it is often considered unwise to raise the premium just to reduce the excess. This is due to the fact that in most situations the higher premium over the course of time will far outweigh the cost of the excess should you ever have to file a claim on the policy.
For parents who have student drivers or for students themselves, one great method to reduce your excess and your monthly premiums is to get good grades in school. By receiving consistent good grades in school you are effectively demonstrating to the insurance companies that you are responsible and that you have goals. Insurance companies have found that responsible people in life are far more likely to be responsible while driving. For this reason most insurance companies offer a good grade deduction.
The most considerable thing you can do to help bring your excess down over time is to be a safe driver. While it is understandable that not all accidents that people are involved in are caused by them the vast majority are. By practicing safe driving habits every time you are behind the wheel of your car you reduce your odds of being involved in any form of collision or receiving a traffic ticket considerably. Over time you will be able to prove to the insurance company that you are in fact a safe driver and this can lead to a lower excess.
One area where many people fail to save all they can is failing to bring all the information to the insurance company. Many factors can lead to a lower premium and a lower excess. These include but are not limited to things such as having a good work history, being married, having children and even having a good credit history. All of these things have one thing in common and that is that they demonstrate responsibility and maturity. This in turn leads the insurance company to view you as less of a liability which in turn leads to better premiums and excess.
The most important thing you can do to reduce your insurance company is to shop around when you are looking for an insurance policy. There are many different insurance companies and they all offer similar services at different rates. Not only can this often lead you to getting a better insurance premium and a lower excess but it can also help to ensure that you have a reputable insurance company that will be there for you if you ever need them.
About the Author:
Graham McKenzie is the content syndication coordinator for Carinsurancesa.co.za. South Arica?s leading Car Insurance portal, which provides cover for all Car Insurance types.
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