Well the good news is, although you might never consider your car insurance as cheap, there are a number of things you can do that might make it more affordable.
Pay your premium yearly
It’s typically cheaper to pay for your insurance in one lump sum. A monthly payment plan can cost more because insurance providers often charge interest on the instalments. Our quote page will show you the differences in prices to help you choose.
Our comparison service will help you find the right deal for you. The market is also intensely competitive – looking a little harder for a good quotation could really pay off.
Check different levels of cover
Most of us assume that third party cover is the cheapest option and a comprehensive policy the most expensive, but that is not always the case. It’s best to check all cover types to see which premium is the cheapest for you, if price is a priority.
Vary your voluntary excess
Car insurance excess is the amount you’ll have to pay when you make a claim on your insurance. It could be made up of a compulsory and a voluntary excess. Increasing your voluntary excess from the minimum amount to one that you can still afford could mean a cheaper monthly premium. If you’re under 25, you might also have an additional young driver excess, as insurance providers consider you to be a high risk. You’ve just got to make sure you can afford to repay the total if you had to make a claim – the voluntary and compulsory excesses are combined in this instance.
Fitting additional security to your car could help reduce your premiums. An industry-approved alarm or an immobiliser are both good options. But you do need to assess the one-off costs against any saving you might make, and bear in mind you may need to speak directly with your insurance provider to get this saving reflected.
Add an experienced driver
If you know a more experienced driver who may also use the car, adding them to your policy might save you money. Even an occasional experienced extra driver with a good driving record could make a difference. Just make sure they do actually drive your car, otherwise you could invalidate your insurance policy. And remember, you must never put forward the more experienced person as the main driver if that isn’t actually the case. This is known as 'fronting', which is a type of fraud and is illegal.
Restrict your mileage
Your insurance provider will need to know how many miles you think you’ll drive in a year. If you’re only likely to use your car during holidays or at weekends, then declaring a low annual mileage estimation could cut the cost of your premium. But do make sure you give an accurate estimate; if you’re dishonest, your cover could be invalidated.