Cutting the cost of car insurance

Car insurance can prove to be a huge expense, and even if you opt to pay monthly it can still seem steep and you’ll probably have to pay a higher amount overall for the privilege.

Insuring your car is a legal requirement, so there’s no getting away from it – if you want to drive then you need at least the most basic level of cover, and if you want real peace of mind then comprehensive car insurance would be better.

The good news is that there are several ways you can actually have a positive effect on your premium and give yourself a more affordable option for your car insurance.  There’s no guarantee, but most motorists should be able to benefit from these tips to cutting the cost of car cover.

If you increase your excess you could get a better quote.  Your excess is the amount you pay towards the costs incurred through a claim, when the accident is considered to be your responsibility.  The downside is the additional cost to you in the event of a claim, but it can lower premiums and save money.

It’s a good idea to look at your choice of vehicle, because if you’re driving something rare and expensive then insurers are bound to give you an eye-watering premium without doubt, but if you choose a cheaper car then you’ll get a more affordable price for cover.

There are small changes you can make to your policy requirements which might make a difference.  Add a second driver, particularly one with a sparkling driving history, and it can actually bring down your quote.  You can also move in with your partner, as this is viewed positively by insurers.  Those in stable relationships have less risk attached to them, and therefore enjoy the benefit of a lower premium.

Although it may not be possible for some motorists, if you can park your car in a garage or off-road, then you’re able to state this as part of your cover details, and it can bring your premium down.  It’s far less hazardous to a car’s health when you keep it well out of harm’s way.

Pay your insurance upfront and you could see a better price on your cover, as paying over several months will usually mean that interest is payable.  It is more manageable when broken up, but it depends on how much you value an overall saving against the breathing space of instalments.

You could consider the level of cover you need; there is third party, then third party, fire and theft, and finally comprehensive, with options for additional cover provided by most insurers.  You need to choose one of these three levels, and usually a more basic level will be cheaper.  This is not an exact science though, so it’s simply worth checking the prices for each level, and seeing how they match up.

It is also worth remembering that if you choose a level below comprehensive, then you are not insuring your car for repairs in the event of an accident you cause.  It means you would be paying for your vehicle’s repairs out of your own pocket, and only damage to other vehicles would be covered.

Last but not least, it’s always a good idea to compare car insurance because it’s the best way to look at a range of quotes quickly, and find the best deal suited to your needs and circumstances.  A good comparison site delivers accurate, unbiased quotes based on your information, and then all the hard work is done for you.

Category: Car Insurance

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