5 Steps To Cheap Car Insurance Premiums
 |
|
5 Steps
To Cheap Car Insurance Premiums
|
Car
insurance is compulsory, but it's not
necessary to pay more than you have to. A few simple steps combined with some
time surfing for competitive car insurance rates really can save you serious
money at renewal time.
<b>Step 1 - Cut the Risk and Cut
the Cost</b>
The
easiest way to cut your car insurance premiums is to cut the risk and accept a
higher voluntary excess. An insurer's standard excess may be £100 but if you
meet the first £250 of any claim, you'll see a reduction in your premium. This
is because you're taking on more of the risk so you get a discount. But it's a
gamble, be aware that you might have to meet the cost of a broken window after
an attempted theft or a bill for repairing bodywork damage after a car park
crunch.
<b>Step 2 - Security Means
Savings</b>
Fitting
security devices can also result in cheap car insurance premiums. All major
insurers insist on Thatcham rated security equipment, usually a minimum of an
alarm. If you live in a high-risk area for car crime, it makes sense to fit
extra security. It saves you money when your insurance renewal is due and gives
you extra peace of mind.
<b>Step 3 - Annual Mileage, Less
Means More in Your Pocket</b>
If
your annual mileage is, 5,000 miles or less, ask insurers if they offer
discounts for agreed mileage restrictions.
<b>Step 4 - Named Drivers
Trick</b>
Adding
a named driver to your policy can increase or reduce your premiums depending
upon the named drivers age, sex and driving record. Adding a young driver will
increase your premiums, particularly with a limited or poor driving record.
However, adding a driver over 30 years old with a long and clean driving record
can cut premiums, particularly if the named driver is female!
<b>Step 5 - Shop Around and Save
Even More</b>
The
biggest car insurance savings come from shopping around. There can be massive
differences between the lowest and highest car insurance quotes for exactly the
same car and driver(s). Start off using good comparitive online quotation
sites, take their best quotes and go direct to the cheapest car insurance
company for more specific quotes.
So
next time your renewal quote arrives, don't just accept it and give your money
away to the insurance company. Use the steps above and get the right cover at
the right price.
0 comments:
Post a Comment