The question often asked is whether or not securing your car will help to reduce auto insurance premiums. This is a factor that you need to discuss with your auto insurance company. Obviously securing your car is more than just about reducing your auto insurance premiums. This is about making sure no one steals your personal belongings. To this end, keep in mind that 90% of car crime is opportunist car crime, so make sure you minimize the chance that your car will be stolen by keeping your car safe and secure at all times. When considering how much insurance to take, start with the minimum amount required by your country and then consider whether or not you are required to take all additional coverage because the loan terms. Remember that although we all hope we will not have a need for insurance, in the event that we do, can be a financial lifesaver.
It is also important to understand that if you are financing a car through a dealer you can usually take out gap auto insurance at the time of purchase, however, you'll probably end up paying more for a policy than if you just remove it with regular auto insurance agent.