How to Save on Import Car Insurance Premiums

Last Updated (Wednesday, 31 December 1969 15:59) Written by Andy Darwinson Monday, 30 November 2009 23:02

Driving an import car? You probably already realized the average car insurance premium rates for import cars are at least 20% higher than standard rates. If you're driving one, you probably can afford it. But with world economy at its current states, it's understandable if you're looking for ways to save on your car insurance rates.

Driving an import car? You probably already realized the average car insurance premium rates for import cars are at least 20% higher than standard rates. If you're driving one, you probably can afford it. But with world economy at its current states, it's understandable if you're looking for ways to save on your car insurance rates.

All drivers should carry car insurance. In most states, it is legally required that all drivers have this coverage and even if you live in a state which does not make car insurance mandatory, you should still have this important protection. You could save money on your premiums by carrying just the bare minimum of insurance required by law in your state, though there are other, better ways to reduce your insurance costs.

The following ideas for reducing your import car insurance premiums can also help you to save:

1. The type of vehicle you own makes a difference to the cost of your insurance. The costlier the car, the more expensive your insurance will be. Since imported cars tend to be more expensive, you might want to look into getting a slightly less expensive model if you happen to be looking for a new car and would like to save a little money on your insurance.

2. Look into owner's club membership. These clubs often have insurance discounts available for members. The club negotiates as a group for a lower rate, much as a group health insurance plan does.

3. Check for cost-saving features and company policies. Even if you obtain insurance through an owner's club, check various plans that offer bigger savings for modifications made on import cars. For example, adding a performance filter to an otherwise unmodified 1.6-litre Honda Civic can actually improve its performance enough to earn you additional savings. This is because more and more insurance companies are going to great lengths to be more specific with their policies on car insurance from other countries.

4. Find out about any no-claims discount offered by your insurer; this is something you should do no matter what kind of car you drive. If you maintain a good driving record, you can receive a discount on your premiums.

5. Be security conscious. Many imported vehicles lack the security features common in domestic cars. These cars are also desirable targets for thieves, so not only can you get a discounted rate on your car insurance by installing security features like an alarm, immobilizers and tracking systems, but you'll also be protecting yourself from having your expensive car stolen. The discounts offered by many car insurance companies for this are substantial, so these are features which are well worth installing in your vehicle.

The popularity of import cars is undeniable. Although insurance might pose a slight setback to your wanting to own one, top-notch performance at incredibly low prices make thousands upon thousands gravitate toward fuel-efficient, overall economical Japanese cars. Plus, the design makes for interesting car buff-magnet.