20 Tips to cheaper car insurance.
Car insurance premiums rise year after year,Although your car
insurance premium largely depends on your Car, Age and discount
there are a few steps you can take to help stop the rise or even
reduce your premium.
1. Buy from the internet.
Most companies offer a
discount for online applications as this is automated process
and costs them a lot less to process your application, you can
usually see discounts of 5%-10%.Click here to get a instant
online insurance quote
2. Shop around.
All insurance companies use different
formulas to calculate your insurance premium by adding or
detracting money after each question the ask you.By shopping
around you could find big savings on your insurance
premium.
3. Buy extra products.
Most insurance companies also
do other insurance products ie"Building's and content's
insurance".Most insurance companies will give extra discounts
for purchasing more than one product,by doing this you could
save a fair amount on all your insurance premiums.
4. Pay your insurance premium in one go.
By paying
your insurance premium in full you can avoid paying costly
interest charges that would be added if you paid your insurance
premium by instalments.Some insurance companies may charge as
much as 15% APR on instalments.You may even receive a discount
for paying in full.If you can not afford to pay in full check
out what rate a small loan would be you may still save some
money.Fill out a online
loan application
5. Increase your voluntary excess.
Your excess is the
amount paid by you in the event of a claim,by increasing this
your insurance company should reduce your premium.
6. Lower your annual mileage.
Lowering your annual
mileage can reduce your premium,most insurance companies will
quote you for around 12,000 miles a year.Try and work out how
many mile's you will do if it's likely to be less you may get a
discount.Be honest about this as your insurance company may ask
to see old MOT'S and service history to verify your mileage in
the event of a accident.
7. Have a Alarm,Immobiliser or Tracker fitted.
Theft
of and from your vehicle play a major role in the calculation of
your insurance premium.Having a alarm or immobiliser fitted will
give you a small discount to your premium and having a tracker
fitted could make you quite a saving.
8. Take the advanced driving test.
Passing your
advanced driving test will show your insurance company that you
have extra skill when driving and are less likely to be involved
in a accident.
9. Don't inflate the value of your car.
Adding extra
value to your car when you apply for your insurance quote will
do nothing for you apart from increase you premium.In the event
your car is stolen or written off you will only be paid the
market value of your car at the time of your accident.
10.Look after your credit rating.
Insurance companies
are now looking at your credit score as part of the calculation
for your insurance premium.Maintaining a good credit rating
could avoid unnecessary additions to your premium.
11. Insure your car Third Party Only.
Third party only
is the minimum cover you are required to have by law it's also
the cheapest.If your vehicle is of a low value then you could
consider this type of cover.You need to remember that with this
type of cover if you was to have a accident that any damage to
your vehicle would not be covered for repair.
12. Keep a clean licence
Insurance companies take
driving convictions very seriously and can dramatically increase
your car insurance premium,by maintaining a clean licence proves
to the insurance you are a safe and careful driver.
13. Remove any unnecessary drivers.
If you have a
young driver on your insurance policy that no longer use's the
vehicle you should remove them as this will reduce your
premium.
14. Young driver's add a older driver.
Some insurance
companies will reduce young drivers premiums if they have a
older named driver on the insurance.
15. Build up your no-claims discount
One of the
biggest factors affecting your car insurance premium is the
number of years no-claim's discount.You could receive up to 75%
discount for around 5 years of no claims.The more years you can
stay claim free the safer driver your insurance company will see
you as.
16. Protect your no-claims discount.
Although this
will increase your insurance premium if you have a lot of years
of no-claims you may want to protect this as a small claim may
increase your premium by up to 75%.
17. Buy a lower insurance group car.
A very important
factor to your insurance premium is what car you drive.Most
insurance companies adopt the Association Of British Insurance
Group Rating.This rates vehicle's from 1 - 20 generally speaking
the higher the group the higher the premium.By buying a car with
a lower group rating can lower your premium especially for young
or inexperienced drivers.
18. Join a car club.
If your vehicle is a classic or
specialist consider joining a club related to your car most
clubs offer insurance schemes which have very good premium
rates.
19. Put your spouse as a named driver.
Some insurance
companies offer discounts when you add a spouse as a named
driver as opposed to unmarried couples,they see marriage as a
sign of stability and associate stability with safe driving and
there for give you a discount.
20. Take pass plus.
If you are a new driver consider
taking your pass plus.some insurance companies could give you as
much as a 25% discount and when you have just passed your test
and have no no-claims this could make a considerable saving.