If you are planning to purchase, or if you have already purchased, an imported car, getting the vehicle insured so you can get it on the road is a top priority. However, finding coverage for your import can be time-consuming, frustrating, and expensive. But it's not impossible. Just be ready to ask questions and possibly contact several insurance agents to get the coverage you need.
Keep in mind, while you can get a deal on importing a car, you may lose whatever money you save when you purchase insurance for the car. That is why it?s important to get an insurance quote before you import the car. Shop around and get several insurance quotes in order to get a competitive rate. If your imported vehicle is a sports car, expect to pay more for insurance. That?s because sports cars traditionally cost more to insure simply because they are more prone to accidents.
Most insurance companies will insure an imported car as long as they can locate the car?s registration number. If they cannot locate the registration number, then see if the insurance company can find the exact vehicle model in the company look up table. If that does not work, then see another insurance provider.
Some companies will only offer policies for the most popular models, and then only for market value. Other companies will write policies for modified imported vehicles as long as the modifications are not "substantial." If the modifications are deemed "substantial," then you probably need to find a carrier specializing in substantially modified imported cars. One carrier may rate your modifications are "substantial," while another may not. That's why it can be very important to do you research.
In addition, some insurance providers will not insure imports that are European versions of a UK car, but with left hand drive. This is something to keep in mind when importing a car and trying to obtain an insurance quote.
It is very important to check your import?s security fittings. This could impact the vehicle?s eligibility for coverage, as well as the cost. Not having proper security fittings can either raise the insurance premiums dramatically, or cause the provider to refuse to insure the vehicle. Make sure you get detailed information on the vehicle?s security fittings prior to having the vehicle imported.
While finding proper insurance for an imported car can be time consuming and expensive, it is not impossible. Do your homework and ask questions. Call your auto dealer and ask for insurance provider suggestions and recommendations. If your imported vehicle is a sports car, look at joining a club or organization for sports car owners. You can often get insurance at a discounted rate simply because you are a club member. Clubs often work out deals with insurance providers for their members. Ask about what benefits are available to you. Finally, make sure you purchase comprehensive insurance for your imported vehicle. This is most likely an expensive investment, and it needs to be properly and thoroughly protected.
Keep in mind, while you can get a deal on importing a car, you may lose whatever money you save when you purchase insurance for the car. That is why it?s important to get an insurance quote before you import the car. Shop around and get several insurance quotes in order to get a competitive rate. If your imported vehicle is a sports car, expect to pay more for insurance. That?s because sports cars traditionally cost more to insure simply because they are more prone to accidents.
Most insurance companies will insure an imported car as long as they can locate the car?s registration number. If they cannot locate the registration number, then see if the insurance company can find the exact vehicle model in the company look up table. If that does not work, then see another insurance provider.
Some companies will only offer policies for the most popular models, and then only for market value. Other companies will write policies for modified imported vehicles as long as the modifications are not "substantial." If the modifications are deemed "substantial," then you probably need to find a carrier specializing in substantially modified imported cars. One carrier may rate your modifications are "substantial," while another may not. That's why it can be very important to do you research.
In addition, some insurance providers will not insure imports that are European versions of a UK car, but with left hand drive. This is something to keep in mind when importing a car and trying to obtain an insurance quote.
It is very important to check your import?s security fittings. This could impact the vehicle?s eligibility for coverage, as well as the cost. Not having proper security fittings can either raise the insurance premiums dramatically, or cause the provider to refuse to insure the vehicle. Make sure you get detailed information on the vehicle?s security fittings prior to having the vehicle imported.
While finding proper insurance for an imported car can be time consuming and expensive, it is not impossible. Do your homework and ask questions. Call your auto dealer and ask for insurance provider suggestions and recommendations. If your imported vehicle is a sports car, look at joining a club or organization for sports car owners. You can often get insurance at a discounted rate simply because you are a club member. Clubs often work out deals with insurance providers for their members. Ask about what benefits are available to you. Finally, make sure you purchase comprehensive insurance for your imported vehicle. This is most likely an expensive investment, and it needs to be properly and thoroughly protected.
About the Author:
Tom Martens is the content syndication coordinator for Carinsurancesa.co.za. South Arica?s leading car insurance portal.
No comments:
Post a Comment