When is car insurance generally the cheapest?
2 Answers
Buying car insurance in July-August can be slightly cheaper than usual. July-August is relatively the off-season for car insurance, and insurance companies will launch various campaigns to boost consumption. Here are some introductions about car insurance: 1. Compulsory Traffic Insurance: A mandatory national car insurance that provides coverage for the other party's property and personal safety. 2. Special Additional Coverage for Non-Deductible: The most important aspect of this car insurance is the absolute deductible waiver. 3. Vehicle Damage Insurance: Vehicle Damage Insurance primarily protects the car. If the car is involved in an accident or suffers damage due to natural disasters, these losses can be compensated by the insurance company through Vehicle Damage Insurance. 4. Third-Party Liability Insurance: Also known as Third-Party Insurance, it mainly covers the personal injuries, deaths, and property losses of third parties in traffic accidents. To supplement the coverage limit of Compulsory Traffic Insurance, a comprehensive Third-Party Liability Insurance is necessary.
As a veteran driver with over 20 years of experience, I believe car insurance becomes cheaper primarily when you have a good driving record. I've gone several years without any accidents or traffic violations, and my premiums dropped significantly. Insurance companies offer discounts to low-risk customers, known as no-claims bonuses. Additionally, it's crucial to compare quotes from different providers before renewing your policy. Every year, I check various websites to compare offers and choose the most cost-effective one. Premiums are high for beginners but decrease as you gain experience. Safe driving not only saves lives but also money—get into the habit of driving slower and avoiding speeding. Remember, car insurance costs aren't fixed; always keep an eye on your record.
