Car insurance is a necessary expense, but it doesn't have to be a burden. By taking some simple steps, you can significantly lower your insurance costs and save yourself a lot of money.
The Best TIPS to get Cheaper Insurance
Things You Can't Change:
- Age: Younger drivers typically pay more for insurance.
- Driving history: Any accidents or claims will increase your premium.
- Location: Where you live affects your insurance costs.
- No claims bonus: The longer you go without making a claim, the lower your premium.
Things You Can Change:
- Car choice: Smaller cars generally have lower insurance premiums.
- Mileage: Reducing your annual mileage can lower your premium.
- Voluntary excess: Agreeing to pay a higher excess in case of a claim can lower your premium.
- Black box insurance: Installing a black box that monitors your driving behavior can lead to a discount if you're a safe driver.
- Start date: Delaying the start date of your insurance by a few days can save you money.
- Comprehensive vs. Third-party insurance: Comprehensive insurance offers more coverage, but it costs more than third-party insurance.
- Additional drivers: Adding experienced drivers to your policy can lower your premium.
- Parking location: Parking your car in a garage or on a driveway can lead to a lower premium.
- Employment: Certain professions may be penalized with higher insurance premiums.
- Security measures: Installing additional security features like an alarm or immobilizer can lower your premium.
Tips for Saving Money:
- Shop around: Compare quotes from different insurers before choosing a policy.
- Use comparison websites: Websites like Go Compare and Confused.com can help you compare quotes from multiple insurers.
- Review your policy regularly: As your circumstances change, your insurance needs may change as well.
- Negotiate with your insurer: Don't be afraid to haggle with your insurer to get a better deal.
- Increase your voluntary excess: This can significantly lower your premium, but be sure you can afford the excess in case of a claim.
- Bundle your insurance: If you have other insurance policies, such as home insurance, you may be able to get a discount by bundling them with your car insurance.
- Drive safely: Avoiding accidents and claims is the best way to keep your insurance costs down.
Example:
The article provides a detailed example of how Jake, a fictional character, was able to save over £3,000 on his car insurance by following these tips. Jake made several changes, including:
- Adding his parents as additional drivers
- Lowering his annual mileage
- Choosing comprehensive insurance
- Delaying the start date of his policy
By following these tips, you can save a significant amount of money on your car insurance. Remember to shop around, compare quotes, and negotiate with your insurer to get the best deal.