| Driving an import car? You probably already | | | | savings for modifications made on import cars. |
| realized the average car insurance premium rates | | | | For example, adding a performance filter to an |
| for import cars are at least 20% higher than | | | | otherwise unmodified 1.6-litre Honda Civic can |
| standard rates. If you're driving one, you probably | | | | actually improve its performance enough to earn |
| can afford it. But with world economy at its | | | | you additional savings. This is because more and |
| current states, it's understandable if you're looking | | | | more insurance companies are going to great |
| for ways to save on your car insurance rates. | | | | lengths to be more specific with their policies on |
| Carrying car insurance is a necessity for any | | | | car insurance from other countries. |
| licensed driver and in most states in the US is a | | | | 4. Look after your no-claims discount. This applies |
| requirement. This is true whether you're driving a | | | | to non-imports as well. When you're a good |
| locally manufactured vehicle or an import car. If | | | | driver, rewards actually translate to dollar values |
| you're looking for ways to reduce your | | | | so take care of your NCD when you're offered |
| unavoidable monthly expenses, looking over these | | | | said discount. If you lose it, you'll lose what could |
| requirements is a good place to begin with. The | | | | potentially be the equivalent of several years' |
| requirements specify coverage you must carry | | | | no-claims discount. |
| so you can request for quotes that meet the | | | | 5. Be a security freak. If your car is imported |
| minimum legal requirements. | | | | from countries with little to no car crimes, such as |
| In addition, have a look at the following import | | | | Japan, chances are, your car comes with little or |
| car-specific strategies to further chop down your | | | | no security features as well. Probably because of |
| import car insurance rates: | | | | the fact that it's not readily available (or it used |
| 1. Mind the make and model of your car. The car | | | | too be), in your local market, cars from other |
| itself is a factor that raises your insurance rates. | | | | countries are hot stuff to car-nappers. Insurance |
| Import cars are more expensive, ergo, higher | | | | companies place a high premium on security |
| premium rates. Older models cost more to insure | | | | features on these types of cars. Having alarm or |
| than newer ones, too. | | | | tracking systems and immobilizers installed on an |
| 2. Get the benefits of owner's club membership. | | | | import car can greatly reduce your car insurance |
| Joining an owner's club can reduce your import car | | | | premiums. |
| insurance premiums significantly. If you get insured | | | | The popularity of import cars is undeniable. |
| through club membership, you enjoy the benefits | | | | Although insurance might pose a slight setback to |
| of group discounts similar to group health | | | | your wanting to own one, top-notch performance |
| insurance. | | | | at incredibly low prices make thousands upon |
| 3. Check for cost-saving features and company | | | | thousands gravitate toward fuel-efficient, overall |
| policies. Even if you obtain insurance through an | | | | economical Japanese cars. Plus, the design makes |
| owner's club, check various plans that offer bigger | | | | for interesting car buff-magnet. |