One of the most expensive costs involved in driving a car is car insurance and it is not something you can avoid since a minimum level of insurance is required by law. But that does not mean that you have to blindly pay whatever your insurer quotes though, as there are several simple things you can do to reduce the cost of your premiums.
Try shopping around and buying online. Figures show that many people simply renew their current policies without shopping around. Thanks to the Internet, it is easy to compare prices from different insurers, so why not take advantage of this? Not only that, you will also usually get a discount of 10% or more just for buying your policy online.
Policy type. Do you think you need a comprehensive policy with all the extras? It is definitely worth considering if your car isn't an expensive model and when you go for a third party fire and theft policy then it can reduce your premiums hugely.
No claims discounts. A discount that increases for every year that you don't make a claim is featured in nearly all of the policies. The more you could save the higher the discount available. Another thing you should do is look at insurers offering a 'no claims bonus for life' feature, where your current discount level can be fixed forever, even if you have to make a claim somewhere down the line.
Consider the excess. The excess on a policy is the amount of a claim you have to pay before the insurer pays the rest. Choosing to have a higher than standard excess level will usually mean lower premiums.
Security. If you fit your vehicle with an alarm, an immobilizer, and other security devices, then this can lead to premium reductions. A cheaper policy is what it could also mean if you park your car off-road, say for example on a driveway or in a garage.
Pay annually. Many insurers charge you interest for the privilege of paying in monthly installments. If you can afford it, then pay annually so you can avoid this or look for one of the companies who don't charge extra for monthly payment.
What about mileage? The more your insurance will cost the more mileage you run up every year. You need to make sure you're not overestimating how much you actually do drive, and give your insurer an accurate figure even if you can't reduce your mileage.
When it comes to drivers. The more drivers you have on your policy, the more it will cost. What you can try to do is reduce the number of people that are insured to drive your car to the minimum possible, and try to get the policy in the name of a driver with the lowest risk profile. For example, if a car is driven by both a man and a woman, insuring it in the woman's name will often result in a cheaper quote.
Try shopping around and buying online. Figures show that many people simply renew their current policies without shopping around. Thanks to the Internet, it is easy to compare prices from different insurers, so why not take advantage of this? Not only that, you will also usually get a discount of 10% or more just for buying your policy online.
Policy type. Do you think you need a comprehensive policy with all the extras? It is definitely worth considering if your car isn't an expensive model and when you go for a third party fire and theft policy then it can reduce your premiums hugely.
No claims discounts. A discount that increases for every year that you don't make a claim is featured in nearly all of the policies. The more you could save the higher the discount available. Another thing you should do is look at insurers offering a 'no claims bonus for life' feature, where your current discount level can be fixed forever, even if you have to make a claim somewhere down the line.
Consider the excess. The excess on a policy is the amount of a claim you have to pay before the insurer pays the rest. Choosing to have a higher than standard excess level will usually mean lower premiums.
Security. If you fit your vehicle with an alarm, an immobilizer, and other security devices, then this can lead to premium reductions. A cheaper policy is what it could also mean if you park your car off-road, say for example on a driveway or in a garage.
Pay annually. Many insurers charge you interest for the privilege of paying in monthly installments. If you can afford it, then pay annually so you can avoid this or look for one of the companies who don't charge extra for monthly payment.
What about mileage? The more your insurance will cost the more mileage you run up every year. You need to make sure you're not overestimating how much you actually do drive, and give your insurer an accurate figure even if you can't reduce your mileage.
When it comes to drivers. The more drivers you have on your policy, the more it will cost. What you can try to do is reduce the number of people that are insured to drive your car to the minimum possible, and try to get the policy in the name of a driver with the lowest risk profile. For example, if a car is driven by both a man and a woman, insuring it in the woman's name will often result in a cheaper quote.
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