Money saving tips
So let’s look at some ways to get the cheapest deal. Our top tips are:
Compare, compare, compare! And did we mention compare? Shopping around can save money on your car insurance, so use our quote page to compare different policies. You can be looking at a wide range of prices within minutes. Simply click on ‘get a quote’ and enter your details. Quotes will be listed in price order, starting with the cheapest.
Try adding a responsible named driver to your policy. Older drivers with more experience are best but even adding another named driver with a low risk occupation could lower your premium a lot. It can even further reduce the premium if you add a third driver. But remember, only do this if they will actually be driving your car – you don’t want to get on the wrong side of the law.
Make yourself as attractive as possible to insurers.
We’re not talking elaborate hairstyles and designer jeans, there are a number of ways you can do this:
Consider security devices like alarms and immobilisers.
Where you park when not using your car can make a big difference, with street parking higher risk than a private drive or garage.
Can you reduce your annual mileage? – Less time on the road means less chance of a prang (a crash to you and me)!
All these things are well worth looking into when trying to bring those premiums down.
Don’t customise your wheels. No matter how tempting it might be to put your own stamp on your car… don’t. Put down the go faster stripes! In all seriousness – insurers need to know about any modifications made to your car. Even if you bought it already customised, and it was the previous owner who was the ‘boy racer’ not you, modifications will very likely increase your premium.
Look at your excess. All policies have an excess, which is the amount you must contribute towards any claim. If you are willing to add a voluntary excess on your policy too, your premium could go down. You need to weigh up the pros and cons of this. The pro of having a lower premium against the con of paying more in the event of a claim. It’s worth considering whether you will be able to afford the total of all the excesses in the event of a claim.
Consider ‘black box’ policies. Sometimes called telematics, a black box policy rewards good drivers. A black box is installed in your car by the insurer. The black box monitors things like your acceleration, braking, cornering and the time of day you drive. You’ll receive discounts for good (lower risk) driving, but be warned, your premium can go up with bad (higher risk) driving.
Try altering the wording on your occupation. When you compare policies try entering different words to describe your job. Some occupations will be considered a higher risk than others. There often doesn’t appear to be any logic to this. A PA might get a lower premium than a secretary… so it’s well worth a look. A word of caution though, make sure you only give accurate details that do describe your job. Telling porkies on your car insurance might invalidate the policy when you come to make a claim.
Avoid paying monthly if you can. Despite the obvious attraction of spreading the cost of your car insurance, most insurers will charge you extra for doing this. If you can afford to pay it all in one go, do.
Don’t assume less cover is cheaper. As we mentioned earlier when comparing insurance policies, make sure you look at the price of fully comprehensive as well as third party fire and theft and third party. It may be that the fully comp is cheaper and you have more extensive cover too.