Six Car Insurance Experience Savings

When deciding to buy insurance for the car, everyone wants to be resolved quickly and compensated fairly, be modified car in the garage and replaced reputation of genuine spare parts. However, to get these things, learning and consider carefully before signing to buy the type of car insurance is essential. This article, sharing the experience to help you choose the type of insurance in accordance with the value of each car and car insurance best savings.

I. TYPES OF AUTOMOBILE INSURANCE 

Professional insurance of motor vehicles  is 5 common form of insurance. Car is defined as a motor vehicle should be able to participate in four forms of motor vehicle insurance including compulsory insurance of civil liability of motor vehicle owners (BH required); Insurance and physical damage motor vehicle; Compulsory insurance of civil liability of vehicle owners for freight car; Accident Insurance driver, vehicle and passengers. In particular, civil liability insurance of motor vehicle owners is that all forms of individual or entity owning car insurance required by law to Vietnam, three other types of insurance to voluntarily purchase separate contractual agreement with the insurance company.

II. TYPE SHOULD BUY INSURANCE AUTOMOTIVE voluntary?

1. Select the type of insurance purchased appropriate value car line

You should be based on financial viability, environmental movement, but his often decide the coverage is broad or narrow. Often the majority of car owners, in addition to compulsory insurance will buy voluntary insurance physical damage and car body shell, rarely concerned with the type of voluntary insurance other

Series cars have an average value should buy insurance and submerged hull (A water) ... ..

Luxury car (usually over 1 billion) in addition to insurance and submerged hull (A water) should buy insurance stolen parts

If you choose to buy a new car insurance product has committed compensate completely new car if the total loss occurred (75% or more)

Vehicles have time to use relatively long (over 4 years) should be selected terms replace new parts, genuine and should also accept the higher deductible to lower premiums.

2. The terms of the insurance contract should keep in mind when deciding to buy insurance  

The most important part of the insurance terms as "coverage" and "Exclusions", most of the insurance companies that listed specific cases of insured and liability exclusions responsibility, not insurance. "Exclusions" The less that is wider coverage, the insurance even more profitable. Three other provisions should be noted:

Terms of replacement parts, replace entirely new or old parts relatively positive, genuine parts .

Terms of flooding

Terms choose which car repair

Some customers often do not pay close attention to the conditions of the terms such as overdue registration, improper use vehicle registration purposes, when an accident driving without appropriate license, insurance lack of insurance needs ... Therefore, to avoid negligence may cause disadvantage to you later, you need to study carefully the items in the contract and consider expanding coverage.

Many people choose to buy insurance from relatives or acquaintances do the insurance companies, which often does not work when the incident occurred, especially when it was off, remember that you are signing contract with the insurance company, not an individual. Where only heard counselors say without reading, to ascertain the terms of the contract, as well as understand the rules and procedures of insurance. Advice is not so, this will make you pay high fees that the incident did not get the insurance services as desired.

Upon the occurrence of any incident, you should immediately notify the insurance company representatives, officers insurance required to make a record field, absolutely avoid the notices of violation of the rules of insurance

III. HOW TO BUY INSURANCE AUTOMOTIVE save

1. Select a high deductible (deductible)

The level of deductible is the amount that the client share the risk with insurance companies in each case losses. For example, with a deductible of 2 million VND, the customer will pay for loss or damage under 2 million VND. If the loss of 70 million VND, customers still pay 2 million VND and the insurance company will pay the remaining 68 million VND.

Normally in Vietnam, the deductible is 200,000 VND. If you increase one million VND, you can save 24-30% premiums.If you increase the deductible is 5,000,000 VND can save up to 50% premium. When choosing a deductible plan, you have to drive very carefully because most of the scratches on the body will not be compensated. In fact, when customers choose the deductible will tend to drive carefully, safer to save repair costs as well as limiting the claim for losses small. Therefore, it is also a way to save the cost of buying insurance, and enjoy lower premiums continue to contract in the following year

2. Learn more insurance companies, compare the benefits of the product together

Buy insurance for the same car, but if customers learn nine different insurance companies may be received nine different premiums. The reason for this difference related to coverage, level of responsibility, the right choice of garage repair, rescue services free of charge and shall share the cost of the customer when the incident in the forms as depreciation or a deductible.

Besides, the difference in time and claim settlement procedures may also affect premiums, settling compensation than 2-3 days late can cost you more money savings from premiums. You do not rush just looking at the cost to, not necessarily the cheapest cost savings will most need to learn more conscious of issues such as:

 Financial capability and reputation of insurers in the market

The procedure for resolving the incident with complex, require many papers ... ..

The level of premium coverage than you really reasonable

Network repair garage (garage genuine special): Place where repair is a very important issue to the insured shall be entitled to choose where the repairs take on contract terms. Should choose the insurance companies have relationships with reputable garaga, responsible dressing was shoddy or non-genuine items being repaired. Garage should be selected in a convenient location for your commute. The level of cooperation between the garage and the insurance company that issues should be noted. You have to work with the insurance company about the procedure records indemnity, if garaga support process applications will help you avoid many times as redundancy procedures

24/24 Rescue Service was, when was the rescue?, Limited distance rescue? .

Staff resolve compensation professional, dedicated ..

Process standardization of compensation for the time frame yet? .

3. Should insurance purchasing group or combination

If you join the family insurance: accident insurance, health insurance .., car insurance. So buy the same insurance company, might get a slight discount. Or, if possible, to participate in the long-term insurance may pay the fee in advance for the next 2 or 3 years to enjoy more preferential rates.

Combined with friends, co nghiep..dang insurance needs, regrouped and buying groups to be more preferential rates.

Buy through insurance brokers or insurance intermediary. Because the broker is usually packed with more customers to buy the same time to negotiate an insurance program with the insurance company with extremely preferential prices.Usually that will help you save 20-30% premium.

4. Keep the car carefully, saving the cost to re-purchase the following times

To encourage customers to protect themselves assets, insurance companies have reduced insurance policy renewals from 10% to 30% if the customer does not have any claim in the previous year. Therefore, careful to preserve the car is not only good for the insurance companies, but also for your own benefit

Some people may think that you have to buy insurance and then let out for the insurance company and very careless driving. This will not only endanger the lives and property of their own and others, but also that they have to pay higher premiums or refuse to renew the contract. If you have many demands in solving the following year compensation premiums may be insurance companies higher adjusted risk ratio for your high than others. If so, I moved through the insurance company's others?. This does not change anything, because you will be asked to declare the registration form to purchase insurance. If you do not report properly to worse for violating the principle of insurance is absolutely honest, the latter claim settlement related to this issue you will absolutely drowning reasons. Be truthful information when declaring insured!