Is there anything I can do to reduce the cost of my insurance?
There are some things you can do to help reduce the cost of your insurance, such as:
1) Varying your excess
You might approach your policy thinking you want to keep your excess as small as possible. There is a trade-off to be had here though. Increasing your excess from the minimum amount to one that you can still afford, could make a significant difference to your premium.
Increasing the security on your vehicle might help reduce the premiums. With any security devices you need to assess the one off costs against the premiums that you’ll save.
3) Modifying your car
In short, don’t. Insurers hate changes to factory specifications and whilst you might think it looks great, they won’t. Some insurers will simply refuse to even quote you a price and those that will, will almost certainly charge you more.
4) Restrict how much you drive
Limiting the amount of time you’re on the road obviously reduces your risk and with it, your premium. Most insurers will ask you for a mileage limit, so set this as low as you think you can comfortably achieve.
5) Drive well
The consequences of driving well will, over time, lead to lower premiums. Your no claims bonus remains the best way to reduce your premiums overall. Conversely, if you start racking up the penalty points you will start ratcheting up those premiums too.
6) Shop around
Finally, make sure you shop around. Our comparison service will help you find the best deal for you. The market is also intensely competitive. Looking a little harder for a good quotation can pay off. Just see how much you could save!