Saving money, tips and discounts on Motor insurance

Published By: BW Business World​

Published Date: 24th October 2024​

To secure the best deal on motor insurance, compare premiums, coverage, and reviews across multiple insurers using online platforms. Opt for comprehensive coverage, which offers broader protection than mandatory third-party insurance. Adjust the Insured Declared Value (IDV) based on your vehicle’s age and condition, balancing premium costs and claim benefits. Take advantage of No Claim Bonuses (NCB) for discounts if you haven’t made any claims in the previous term.

Customize your policy with add-ons like zero depreciation or roadside assistance to suit your needs. Maintaining a clean driving record can also lead to lower premiums, as insurers reward low-risk drivers. Lastly, regularly review your policy to ensure it aligns with your current needs, especially if you've made changes to your vehicle. These strategies will help you find the most cost-effective motor insurance with adequate coverage.