Empire Fleet Solutions

People are always looking for loopholes which they can use to lower their vehicle insurance.  If there are a means through which one can pay lower vehicle insurance premiums, why not use it?

Find below a list of these vehicle insurance loopholes:

• If at all possible, give an address of some small town in the Karoo; chances are that your vehicle insurance might be as much as 20%-30% lower than if you lived in a big city.
• Store your vehicle in a locked garage, with CCTV camera present.
• Install an alarm system and immobiliser in your vehicle.
• Increasing the value of your vehicle, rather than decreasing it, will lead to lower vehicle insurance rates.
• State that you are married, even if you are single.
• Young drivers should insure their vehicles in their parents’ name.  However, this in turn will cause that they will be unable to build up a no-claims discount in their own name.
• Put on your father and mother as second and third drivers.
• If you get good grades at college, you might be able to qualify for good grade discounts.
• Two years without any claims will bring you into contention for a good driver’s discount.
• Being named a driver on the policy will bring about a cheaper premium if your vehicle is on someone’s name with a five year no-claims record.
• Having a lower risk job (such as an office worker) will mean lower vehicle insurance when compared to someone who is on the road all day long (such as a representative).
• Name an additional mature driver on the vehicle insurance policy.
• Although it may take a while, try to improve your driving record all the time.
• Avoid purchasing vehicles which is a popular theft target.
• Try to drive less.  The number of kilometers you drive directly relates to your risk exposure.  Drive less, pay less.