Here’s how you can save an extra R250 on your car insurance every month

Fsp Invest Team, 11 Apr. 2013

Tags: car insurance, save on car insurance, advanced driving course, decrease insurance premiums



Did you know there’s a close relationship between how you drive and what you pay for your car insurance every month? That’s right! In fact, the better you are at driving, the better your chances of lowering your monthly insurance premium are. Read on to discover how you can save as much as R250 for life if you improve your driving skills…

Everyone knows being a good driver plays a big part in saving your life on the road, but it can also save you money as well.
 
Simply put, “the more skill you have in dealing with unexpected, life-threatening road situations, like a car swerving or a truck losing a load of bricks in front of you the less risk of having a car accident you have. And your insurance company is prepared to reduce your monthly premiums because of this,” says Investment Expert Gavin Fourie in Unconventional Millionaire 
 
“After all, knowing how to skillfully manoeuvre a car lowers your risk of being in an accident. And that means there’s less chance you’ll claim and they’ll have to pay out,” adds Fourie.
 
To prove you’re a good driver to your insurer you’ll have to undergo an advanced driving course.
 
And the best part is that it won’t cost you a fortune and it’ll put an extra R250 in your pocket for the rest of your life.
 
Here’s how racing a car around a track will actually save you money
 
“An advanced driving course costs anywhere between R1,210 and R3,800. And you can make back the full costs in less than 18 months depending on your insurance company and the car you drive,” says Fourie.
 
On average, you can expect a R250 decrease in your premiums every month.
 
That’s a whopping saving of R3,000 a year!
 
But before you go for a course, you must give your insurance company a call first and check if doing an advanced driving course will reduce your monthly premiums. “If your broker isn’t willing to negotiate a better rate for you, go to another insurance company and see if they’ll beat your current insurance premiums. Chances are they will and you’ll save even more each month. Once you’ve done that, you simply need to pick your choice of the top driving courses available,” advises Fourie.
 
So what are you waiting for? Improving your driving skills will help you save on your monthly insurance premiums for the rest of your life!
 

Related QA

Pic
Maxhakane asked:
I was dismissed in April and i cannot afford to pay the loans I had with FNB as I'm now earning only UIF. My loan instalments amounts to R6000 a [read more]
Published at 03 Sep. 2016 in: Personal Finance 1 Answer
Pic
jeffzoraunye asked:
I would like to know where i can buy cages for quail farming [read more]
Published at 04 Jan. 2016 in: Personal Finance Entrepreneurship 1 Answer
Pic
willem2234 asked:
For a novice such as me, this platform is really complicated. They send me a training manual (to a elderly novice) and this is a few pages. It is [read more]
Published at 23 Dec. 2015 in: Personal Finance General 1 Answer
Pic
willem2234 asked:
At present you are running a series by Mark Ford. In one of his lessons on how to save money, he says that one of the first things to do is to cut-up [read more]
Published at 23 Dec. 2015 in: Personal Finance Genaral question 1 Answer
Pic
d.c.heger asked:
Is there any way one can hold shares privately without paying the monthly A/C Admin fee and only paying the Broker fees when buying or selling. [read more]
Published at 15 Dec. 2015 in: Personal Finance Broker fees 1 Answer


Latest:

Comments
0 comments



 
 


Youtube Twitter Facebook

Connect with us:    

POPULAR TOPICS
  • Accelerated Investor
  • Accessories
  • Accountancy
  • Accountancy services
  • Accounting
  • Accounting principles