Advanced computers and Internet connectivity helps companies reduce costs. They can now offer many services online from getting quotes to answering questions and filling claim forms. Hopefully, these savings will trickle down to consumers. Maybe it has already because rates have been stable for many years until lately. There are various solutions offered thanks by various carriers and we will have a look at them below.
Unless you look into details and ask for a specific quote on a certain product or based on a certain condition, most vehicle insurance companies would offer a quote for a standard policy. That is why you need to know a bit about different solutions and products and seek them out. Everyone has different needs and it may be served better by a new carrier.
Mileage Related Policies on Offer
There are now a few auto insurers who offer mileage-based policies utilising the Internet connectivity. They may be referred to as pay as you drive or pay per mile. Often, they get to install a little monitoring device to check the mileage and driving patterns. This little telematic device would tell the company about your habits and capabilities behind the steering wheel.
If you drive sensible hours, don’t speed, go out in the early hours of the morning or late at night and brake excessively you would enjoy cheap automobile insurance rates. Unless you are terrible, you would still enjoy a good discount just for agreeing to it. Some people may have a problem with this “big brother” like approach. However, carriers say that people tend to drive better when they know someone is watching it.
If You Don’t Want a Telematic Device
There are still discounts based on usage. People often ask questions like; is commute or pleasure cheaper for car insurance? Let’s have a look at what they are. When you work from home most of the time or take the train to work you may take advantage of cheaper pleasure use policies which restrict the amount of time you could use it for commuting, especially when there is a distance between home and work. This is one good option to check and save some money, if it fits your lifestyle and job situation.
Alternatively, you could just go with a low mileage policy if you are driving less than seven thousand miles a year. Many people don’t realize that they don’t actually drive much distances when it is added up. Even if you use the car a lot, it won’t add up much when you are just going to gym, supermarket, school and they are all nearby.
How Else Technology Helps with Car Insurance
There are many solutions that can be helpful for reducing premiums. Tracking devices help you or the police to recover a stolen vehicle. Also, there are other devices like immobilisers and automatic locking systems that prevent theft. Often you can get a little discount for having such improvements. You may not even realize it but you may be getting them anyway because they are fitted as standard on your car.
Another great digital solution is online auto insurance comparison websites. They made shopping much more convenient and easier. Many people report that they would give up halfway if it was pleasantly quick and uncomplicated. Under an hour you would be able to get several quotes from various carriers. Then, you could take your time to have a good look at them and choose as you like.
Don’t just rush into renewing your policy. Have a browse around first and see what is available on the market today. You may like some of the options or they may not be for you. In the worst case, you still have your renewal offer to go back to.
