It’s not good to rush on things, especially when it comes to acquiring car insurance. If you want to make sure that you’re getting the right car insurance, you must find it necessary to shop around and make comparisons. You need to compare their premiums, coverage and discounts.

Car insurance premiums are not all the same for all people wanting to avail of car insurance. It generally depends on the car model and mileage. If you have an expensive, new model car, you will most likely have to pay a higher premium. The reason behind this is that in case your car gets damaged and the spare parts needs replacement, the insurance company has to pay more as compared to when you own an old car. Another reason is that new models have features that allow you to speed up more, which means there is a bigger chance that you meet an accident. Not only new model cars have higher premiums, also vintage cars mainly because their parts can rarely be found.

However, there are several ways on how you can lower the car insurance premiums. One way is through the payment of what’s called the “excess”. Excess refers to the amount that the car insurer chooses to not include in the car insurance policy and will be paid by the insurer himself. Some car insurance companies only offer compulsory excess, which is just a minimal amount, but there are also those that allow voluntary excess. With voluntary excess, you can really lower down the amount of premium.

Aside from the car model and mileage, there are other factors that directly affect car insurance premiums, such as gender, age, status and driving record. Usually women and teenagers pay lower premiums as compared to men mainly because men often drive more. Married couples as well as retired individuals are entitled to greater discounts in insurance premiums because it is assumed that they will try their very best to be careful on the road since they also have to think about the safety of their families aboard their car.

The driving records of car insurers also have to be considered by car insurance providers when deciding on the car insurance premiums. If you are proven to be a reckless driver, you will absolutely have to pay much higher premiums than those that have clean driving records. So, if you want to get a discount, you should be a responsible driver.