20 tips for cheaper car insurance

 20 tips for cheaper car insurance

 20 tips for cheaper car insurance

1. Shop online Most companies offer a discount for online applications as this is an automated process and it costs them much less to process your application; you can usually see discounts from 5% to 10%. Click here for an instant online application Insurance Quote.

2. Compare prices All insurance companies use different formulas to calculate your insurance premium by adding or subtracting money after each question you are asked. By comparing prices, you can find great savings on your insurance premium.

3. Buy additional products Most insurance companies also offer other insurance products, ie "buildings and contents insurance". .

4. Pay your insurance premium all at once By paying your insurance premium in full, you can avoid paying expensive interest charges that would be added if you paid your insurance premium in installments. Some insurance companies may charge up to 15% APR in fees.

You may even receive a discount for paying in full. If you can't afford to pay in full, ask what rate a small loan would be at, you can still save some money. Fill out a loan application online.

5. Increase your voluntary franchise. Your franchise is the amount you pay in the event of a claim, by increasing it your insurance company should reduce your premium.

6. Reduce your annual mileage. Lowering your annual mileage can lower your premium, most insurance companies will quote you around 12,000 miles per year.

Try to estimate how many miles you will go if it is likely to be less you may get a discount Be honest about this as your insurance company may ask to see previous MOT and service history to check your mileage in the event of an accident.

7. Install an alarm, immobilizer or tracker Theft to and from your vehicle plays an important role in calculating your insurance premium.

Having an alarm or immobilizer installed will give you a small discount on your premium and having a tracker installed could save you some serious money.

8. Take the advanced driving test. Passing your advanced driving test will show your insurance company that you have additional driving skills and that you are less likely to be involved in an accident.

9. Don't inflate the value of your car. Adding additional value to your car when you request your insurance quote will do nothing for you other than increase your premium. In the event your car is stolen or repossessed, you will only be paid for the market value of your car at the time of your accident.

10. Take care of your credit rating Insurance companies are now considering your credit score as part of calculating your insurance premium. Maintaining a good credit rating could prevent unnecessary additions to your premium.

11. Insure your car only from third parties. Only to third parties is the minimum coverage that you must have by law, it is also the cheapest.

If your vehicle is of low value, then you might consider this type of coverage. You should remember that with this type of coverage, if you were to have an accident, any damage to your vehicle would not be covered for repair.

12. Maintain a clean license Insurance companies take driving convictions very seriously and can dramatically increase your auto insurance premium. Maintaining a clean license shows insurance that you are a safe and careful driver.

13. Eliminate unnecessary drivers. If you have a young driver on your insurance policy who is no longer using the vehicle, you should remove them as this will lower your premium.

14. Young drivers add an older driver. Some insurance companies will reduce premiums for young drivers if they have an older driver on the insurance.

15. Increase your no-claims discount One of the biggest factors affecting your auto insurance premium is the number of years of no-claims discount.

You can receive up to 75% discount for around 5 years without claims. The more years you can stay claim free driver the safer your insurance company will consider you.

16. Protect your discount without claims. Although this will increase your insurance premium if you have many years without claims, you may want to protect this as a smaller claim can increase your premium by as much as 75%.

17. Buy a lower insurance group car. A very important factor in your insurance premium is what car you drive.

Most insurance companies adopt the British Association's insurance group rating.

the cousin. By buying a car with a lower pool rating, you can lower your premium, especially for young or inexperienced drivers.

18. Join a car club. If your vehicle is a classic or a specialist, consider joining a club related to your car. Most of the clubs offer insurance schemes that have very good premium rates.

19. List your spouse as the designated driver. Some insurance companies offer discounts when you add your spouse as the designated driver instead of unmarried couples, they see marriage as a sign of stability and they associate stability with safe driving and give you a discount there.

20. Take pass plus. If you are a new driver, consider taking your plus pass. saving.