People who have been involved in real incidents can give better advice. Here are the best car insurance advices from drivers around the world.
1. It pays to be loyal
Staying with the same car insurance company over a long period has benefits. Most insurers offer loyalty perks such as discounts. Even if another insurer offers a lower rate on certain packages, that may not necessarily mean it is better - the sum insured could be lower and less beneficial when the need for insurance arises. Hence, it is important to take note of the lost opportunity cost when switching to a cheaper insurer.
2. Not your fault? Report anyway.
In the event of an accident, make sure that you call your insurance company even if you’re not at fault. A good insurance company will make sure that your repair bills are covered and even get you a rental car in the interim. Leaving the incident unreported could result in complications, especially if the other party spins the story in his own favour.
3. Choose your car wisely
The type of car you drive can affect the rate of your car insurance. That is because some cars are more expensive to repair and are likelier targets for acts of vandalism and theft.
4. Research both online and offline
With so many insurers using online platforms, information is readily available at your fingertips. Hop onto their websites and follow their social channels to get a sense of where the best deals are. But don’t just stop there - take it offline too. Call your insurance agent to get access to exclusive promotions, discounts, and programs that may not be available online.
5. Keep up with technology
Ever felt at a loss when an accident happens? You’re not alone. Even the most experienced of drivers have felt this way. However, with the rise of digital transformation, customers can rest easy in knowing that help is on the way with just a single push of a button. For example, MSIG launched SpeeDi Application in Thailand, an innovative mobile app designed for customers to report motor claims and receive assistance within 60 seconds. If you’re a driver looking for that extra layer of security, this could be just the thing for you.