Import car insurance : Getting the best deal

While purchasing an imported car, the insurance cover and its purchase are not the top things in the buyer’s agenda. The delivery of the vehicle, on road readiness and its subsequent maintenance take precedence and rightly so. By the time they come around to decide on the insurance and check out the options, it becomes apparent that they could have saved a lot of time by checking the insurance options in the beginning. Import car insurance plays a major role in the on-road readiness of the vehicle.

Many imported vehicles are not road worthy according to the country’s standards and some modifications are necessary to get them off the showroom. All these government approved modifications are also listed as mandatory requirements by the insurance policies. Some unapproved modifications can lead to difficulty in getting import car insurance and in extreme cases, can also lead to complete rejection of insurance. Listed below are a few steps that are necessary for the imported car owners to have an insurance cover without too much trouble.

The modifications that are done to the vehicles must be approved by the law and by the insurance company. Non standard or special modifications need to be brought to the notice of the insurer, to ascertain coverage. Unnecessary modifications can lead to extra cost on the import car insurance. Safety features are mostly optional features in imported cars but it is a very important factor in determining the price and coverage of the vehicle.

If the imported car does not come with standard safety features, it is better to get them installed and save a lot of money on insurance, also buying peace of mind in the bargain! As an extension to the safety procedure checks, imported cars that are parked in garages and carports are viewed more favorably, when compared to cars that are parked off the street. Import car insurance companies are also very particular about the buyers’ compliance to the country’s rules and regulations; they only insure cars for which the customs duties and taxes are completely paid. If the buyer has incomplete paperwork, he most likely will not find any insurance company that is willing to insure his vehicle.

Import car insurance is generally not offered by the main stream insurance companies. It takes a specialized company to offer the insurance and the buyer needs to spend some time in identifying these companies. The best information on import car insurance companies will come from the agent who is selling you the imported car.

He not only has done similar transactions before, he probably has helped his clients get insurance too. Import car insurance is not cheap but some money can be saved by following all the cost saving methods of the normal car insurances. But, it also must be understood that imported vehicles and their maintenance and repairs are comparatively costlier. The insurance cover goes a long way in alleviating this extra cost. A little extra money spent on premiums is definitely worth a lot more in the long run.

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