1. When buying a new car it is important to make sure that you have got it insured before you leave the dealership. If you are financing the vehicle through the banks this will be necessary before you take ownership.
2. If you are under 25 and purchasing a high performance car some insurance companies will not cover you. Before you choose a vehicle it is necessary to investigate what companies will cover you for and at what cost.
3. Installing devices such as an alarm system or tracking device can save you money in your monthly premiums. Investigate which insurance companies offer discounts on such things and thus reduce your monthly premiums.
4. Your risk profile is directly linked to the type of use of your car.Simply using your vehicle for private reasons lowers your risk profile, however, if it is used for business purposes you risk profile increases as do you premiums. Make sure that you are adequately covered based on the use of your car.
5. Make sure that the driver who drives the vehicle the most is the person whose name is mentioned in the insurance policy. The excess that you pay in the event of an accident is influenced by who the regular driver is.
6. It is important to make sure that you mention any accessories that are not factory fitted as this will impact the payout in the event of a claim. This includes items such as mag wheels, sound systems, metallic paint among other things.
7. Most insurers need you to take your car for an inspection before they will cover you. This require that you take your car to an inspection centre selected by the insurance company. You will then be issued with an inspection sheet which you must keep in a safe place.
8. Be familiar with your terms as conditions as stated in your insurance policy. Familiarize yourself with what is included in your policy and what is not to avoid problems later on.
9. In order to insure that your the towing of your vehicle is covered by your policy make sure that you display you "Do not Tow" sticker in a visible place on your car and make sure that only approved towing companies tow you car. This could save you a lot of money as is is very expensive to pay for towing and storage out of your own pocket.
10. In the event of an accident make sure that you report it to the police within 24 hours as this will affect your claim. Also make sure that your gather as much detail as you can from all the parties involved in the accident.