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insurance guide

Essential Insurance Tips for Private Vehicle Owners and PSV Operators

Commercial

1. Choose the Right Coverage

Understand the difference between comprehensive, third-party only, and third-party, fire, and theft insurance. Consider comprehensive coverage if you want full protection, but weigh it against your budget and vehicle's value.

2. Regularly Review Your Policy

As your car ages, the value may depreciate. Consider adjusting your policy to match your current needs, such as reducing premiums if the vehicle's value decreases.

3. Maintain a Clean Driving Record

Avoid accidents and traffic violations to keep premiums lower. Insurance companies often reward safe drivers with lower rates or bonuses.

4. Ensure Proper Vehicle Maintenance

Well-maintained vehicles are less prone to accidents and breakdowns. Regular servicing can also help detect issues that might affect insurance claims, such as tire wear or faulty brakes.

5. Bundle Insurance Policies

If you own multiple vehicles or have other insurance needs, bundling policies (home, health, life) with the same provider can lead to discounts.

FAQ

frequently asked questions

What is the difference between comprehensive and third-party insurance?

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How do I choose the right insurance coverage for my vehicle?

Can I transfer my insurance to a new vehicle?

What factors affect my insurance premium?

How do I update my policy if my details change?