Bangalore: It feels great to see a big and shiny car parked outside your house. We usually spend a lot of time in choosing the best car for ourselves, but often do not care much about buying a good and discounted auto insurance policy. As you know that taking auto insurance is a mandatory legal requirement when you purchase your car, it may happen that you, as a policy holder may have to pay high premiums. So read these 10 tips to lower the premium rates offered to you by your insurers, as reported by BankBazaar.com

More: 10 Tips to Identify a Hot Stock

1. Provide Correct Information:

 ‘Honesty is the best policy’, this holds true in case of opting for a car insurance. If you provide all truthful and valid information to your insurer, you can avail a discount of 10-30 percent on your auto insurance plan.

2. Model and Make of Your Car:

What is the model and make of your car; this does have a bearing over the cost of your car insurance premium. If your car make/model has a good market reputation and over the years there not many road accidents were reported, it would have a clean record in the books of the insurer. This will make you entitled to higher discounts than those make/models of cars which are more prone to accidents.

Also Read: Boost Up Insurance Coverage Through Riders