How can you cut down your car insurance costs?
There are a number of steps you can take to lower the cost of your premium and some of them could make a substantial difference to your premium.
The first thing you could do is a thorough price comparison. Even if you already have a policy, you should never automatically renew your insurance without checking out the competition first. Other companies want your business and it is highly likely one of them will offer you a better deal than your current provider.
Make sure you’re comparing different types of cover as you don’t want to get excited about a quote, only to realise it’s third party rather than fully comprehensive cover or the excess is much higher than you originally thought.
Our price comparison service is the most effective way to compare more than 100 insurance providers and get an overview of the best deals on the market. It will help you put the insurance providers on an equal footing and make sure you get the best possible deal and the right cover features for you.
You can also offer to pay a bigger excess. Just make sure you can afford the total excess should you need to make a claim, but if you can then it could help you save a significant amount on your car insurance premium. Use our price comparison service and change the excess. It really can make a big difference, so give it a go.
Finding somewhere secure to park your car at night could make a difference to the cost, too. If it’s parked on the street it is at risk, if it is parked on your driveway then it’s considered safer.
There are a wealth of other options, too. The lower your mileage the cheaper your premium could be, but be realistic about what your mileage could be
If you are a young driver then you can take an advanced course like Pass Plus, which will show the insurer that you’re a better driver. You can also go for a telematics or ‘black box’ policy, which fits a box or app to your car and monitors your performance. When the insurance company reviews your driving behaviour, your premium could go down if you’ve been driving well, equally it could go up if you’ve been reckless.
So as you can see there are lots you can do to reduce the price of your car insurance premium. Put all these into action and see what difference it makes. Better yet, go to our price comparison service and put the details in there. It will tell you within minutes just how much the different options could affect your premium.