One of the real growth areas in car sales is imports. There are a variety of reasons for this choice with cost, performance & a higher specification often quoted by many as the foremost important aspects. Plus the appeal to ego and vanity of driving a remarkable & uncommon car.
Insurance companies though are not always as keen. This is largely because they don’t have all the info and statistics they would desire to assist them assess the risks & decide on a fair price. An obvious instance is the uncertainty around crash tests and theft proofing, the simplicity and price of finding spare parts, the availability of qualified mechanics to carry out the work & the overall expenses involved. Confronted with these uncertainties most insurance companies will err on the side of caution and charge raised premiums.
So as with a lot of monetary products the initial job is to get quite a few quotes. Vital with imported cars as insurance costs can vary widely. Perhaps you can find a specialist broker dealing with car imports. They’ll have a far clearer idea of all the problems & benefits & give you a sensible quote.
There’re 2 sorts of imported cars you may buy. Parallel imports are cars from the EU that exceed all the tight and demanding European rules & directives. All imported cars from outside the EU are known as grey and usually arrive from the Far East or the States.
If investigating your auto be certain that you ask all the correct questions before buying so you can provide the insurance provider full and honest answers. Velocity may increase the premium but additional safety features may reduce so don’t skimp on the facts. Remember, honesty is the finest policy if you wish to shun difficulties with future claims.
Of course you have a load of possible methods to keep your insurance expenses within reason. If you are a low mileage driver or use it from time to time you could get a nicer deal. There is a clear relationship between miles driven & number of mishaps.
If you adore your import there’s a fair chance there will be further like-minded folks out there. You’ll probably discover an owners club so contact them & ask about insurance companies they use. Chances are perhaps if they do not know of any, you’ll be able to use your membership to show the potential insurers you’re a conscientious owner.
A big plus with brokers is off road parking, in particular if you use a garage or lock-up. Singular cars are noticeable and bring in the dishonest element who may take them to order. If you must park on the highway a good car alarm/immobiliser & maybe a tracking system are essential. As well as giving you peace of mind your premiums may well reduce.
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