Keep car insurance providers informed about any change in circumstance

Mozo

Tuesday 04 October 2011

Aussies that are considering going online to compare car insurance but who think their circumstances may change while the policy is valid should ensure they remember to inform their provider.

Drivers 'should inform car insurance companies about changes to their circumstances'

Moving house is one such change that needs to be made official on the policy, because those that fail to do so could find their insurers will not be willing to pay out if details are not current.

Other changes that need to be passed on to insurance firms include improvements or modifications to the car or any speeding tickets or fines that are received.

While it may be tempting to avoid this in order to keep premiums to a minimum and get cheap car insurance, it is a significant risk because it could invalidate the whole policy and prove a costly decision.

Some of the ways Aussies can reduce their car insurance payments include cutting down on the number of miles driven and installing new security features.

Have a question about car insurance? Ask the money gurus at Mozo Answers. ADNFCR-1761-ID-800747835-ADNFCR

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