The Times Australia
Small Business News

.
The Times Real Estate

.

Are you paying too much for your car insurance?

  • Written by News Company


Car insurance is an important part of driving, but not all policies are created equally. You may be overpaying for your current insurance policy, especially if your lifestyle circumstances, such as age and those driving the car, have changed. Before you pay your next insurance bill, see if you need to re-think your policy.

 

Have your kids left home?

If you generously listed your kids on your car insurance policy, but they have since left home, its time to update your details. Keeping young drivers on your policy can increase your premiums by over $300 per year. Plus, in most states, a premium for a family with a younger driver is triple the cost of a premium for just one driver over 50. This is a huge and unnecessary expense if your kids are no longer at home.

 

Buying your policy online can save you money

Insurers usually offer cash back deals or generous discounts to customers who purchase policies online as they prefer to keep phone lines open and available. If you are looking for a new insurer, its worth shopping around and purchasing the new policy online rather than over the phone or in person.

 

If your car is more than five years old, you should be paying less

In almost every state in Australia, insurance policies for cars that are older than five years old are at least $50 cheaper than policies for new cars. This is because older cars are cheaper for an insurer if you need smash repairs, and this difference must be reflected in your policy. If your car is now five years or older, ensure your policy reflects this milestone.

 

Reconsider those extras

It can seem like a great idea to add many extras to your policy just in case,but it may be time to reconsider if you really need them. Extras such as Extended Warranties and Windscreen Replacement Services are just a few of the many items you could remove from your policy to keep your car insurance costs low.

 

If youve had a milestone birthday, ensure your policy reflects your age

While you may not enjoy getting older, your car insurance premium will become cheaper with each big milestone you celebrate. Most premiums become cheaper after the age of 25 through to the age of 29, then again from 30-49, then again for drivers over 50. If your premium hasnt changed after youve celebrated one of these milestones, contact your insurer or start shopping around.

 

Ensure you get a discount if you usually take public transport or cycle

If you reserve your car for weekend excursions and getaways, you are eligible for significant savings on your premium, especially if you drive less than 10,000 kilometres per year. Ensure your new insurance policy reflects how often you use your car, where you use it, and far you drive.

 

Car insurance is important for those unwanted and unfortunate circumstances, but you may be paying too much for your current policy. Check to ensure your current life circumstances are reflected in your policy, and if theyre not and your insurer wont consider amending your premium, its time to shop around for a company that will.

 

 

SME Business News

Albanese government looking to acquire Rex Airlines if buyer can’t be found

The Albanese government will on Wednesday announce it is willing, as a last resort, to purchase the collapsed Rex Airlines, in its latest bid to prop up aviation services to regional and remo...

The Legal Battle Against IP Theft: What Businesses Need to Know

So you've formulated that million-dollar idea and you're ready to take your business to the next level. You were so excited to publicize your supposedly next big thing that you went on TikTok...

Top 20 SEO and Guest Post Services in Wyoming Helping Brands Expand Their Reach

Today’s business needs to have strong online visibility to grow and reach more customers. Guest post services and SEO services make it easier for the brand to rank higher on their search engine...

Everything You Need to Know About PLR Digital Products to Resell for Maximum Passive Income

In the ever-evolving digital product world, the concept of Private Label Rights (PLR) has emerged as a lucrative opportunity for entrepreneurs who aim to generate passive income. PLR digital prod...

Property Times

Why You Need an Expert Electrician for Your Business’s Electrical Upgrades and Repairs

When it comes to maintaining and upgrading your business’s electrical systems, it’s essential to call in a professional. Electrical work in any commercial setting requires the expertise of a qualified electrician in Newcastle. Whether you're planni...

Why Is It Crucial to Have a Building Inspection Done Before Buying a New Home?

Purchasing a new property is a big financial decision that can impact your future for years. Whether you are a first-time buyer or an investor, good or bad, it is essential to ensure the property is in good condition. A building inspection is an af...

Floor Tiling: Choosing the Right Tiles for Every Room

Choosing floor tiles is more than just grabbing the first design that catches your eye at the showroom. You need to think about how the floor tiling option will fit into your space, how durable it is, and whether it’s safe for that particular area...

Yes, Australia needs new homes – but they must be built to withstand disasters in a warmer world

Australia’s housing crisis has created a push for fast-tracked construction. Federal, state and territory governments have set a target of 1.2 million new homes[1] over five years. Increasing housing supply is essential. However, the homes must ...

Food & Dining

7 Tips to Brew Perfect Mullein Tea Every Time

Brewing the perfect cup of mullein tea can often feel elusive, especially with all the conflicting advice available online. You might struggle with weak flavour, overpowering bitterness, or even the challenge of floating leaves in your cup.  Fortu...

Fresh Ideas for Celebrating the Year of the Snake

The Lunar New Year is here, and with it comes the Year of the Snake—a time for fresh beginnings, family connections, and, of course, delicious food. As celebrations kick off, Australian families are turning to summer’s bounty of fresh produce to ...

Drop of Sunshine | The perfect gift for that special someone this Valentine’s day

Drop of Sunshine: A Toast to Women, Our Connections & The Stories That Bring Us Together Treasury Wine Estates (TWE), one of the world’s leading wine companies, has launched a new line of premium wines,  Drop of Sunshine, in partnership wit...

Delicious and Healthy Vitamix Recipes for Optimal Nutrition

🍏🥦 Enjoy tasty Vitamix recipes packed with nutrients for optimum health. Healthy eating 🥕🍓 made fun & delicious! 💪🍹 #Nutrition #VitamixRecipes Healthy Eating and Optimal NutritionRenowned for its versatility and unparalleled blending capabilitie...

The Times Features

Why You Need an Expert Electrician for Your Business’s Electrical Upgrades and Repairs

When it comes to maintaining and upgrading your business’s electrical systems, it’s essential to call in a professional. Electrical work in any commercial setting requires the ex...

Why Is It Crucial to Have a Building Inspection Done Before Buying a New Home?

Purchasing a new property is a big financial decision that can impact your future for years. Whether you are a first-time buyer or an investor, good or bad, it is essential to en...

Online Application for Sick Leave Certificate: Understanding When and How to Secure One

A sick leave certificate is an official document issued by a healthcare professional to verify an individual's inability to attend work due to illness. It typically includes the ...

A No-Fuss Guide to an Effective Beauty Routine

Taking care of the skin and appearance need not be complicated; it need not even consume your hours of time. Smart and simple approaches can give one that glow and fresh look witho...

Safe & Effective Tattoo Removal in Auckland – What You Need to Know

If you're looking for tattoo removal in Auckland, modern laser technology offers the safest and most effective way to fade or completely remove unwanted ink. Whether it's an outd...

Fleece-Lined Tights vs. Regular Tights: What’s the Difference?

When temperatures drop, choosing the right pair of tights can make a significant difference in comfort, warmth, and durability. Whether you wear tights for fashion, work, or outdoo...

Business Times

Albanese government looking to acquire Rex Airlines if buyer can’…

The Albanese government will on Wednesday announce it is willing, as a last resort, to purchase the collapsed Rex Airline...

The Legal Battle Against IP Theft: What Businesses Need to Know

So you've formulated that million-dollar idea and you're ready to take your business to the next level. You were so excit...

Top 20 SEO and Guest Post Services in Wyoming Helping Brands Expa…

Today’s business needs to have strong online visibility to grow and reach more customers. Guest post services and SEO servi...

LayBy Shopping