October 31, 2014, 10:38 am
Insurance is both awesome and awful at the same time. It covers you if you’re in an accident and helps to get you back on the road quickly, but it isn’t nice to see that lump sum of money come out of your account every year.
There are a few ways that you can make sure that you get the best deal on your insurance. If you’re looking to save a bit of cash, then follow these tips:
Comparison sites make it very ease for you to find out the cheapest insurers based on your requirements, returning hundreds of insurers and telling you how much it will cost you. However, it is important to note that these sites are not fully inclusive – you may find better deals from insurers who aren’t included in these lists.
By agreeing to pay more towards the cost of any pay out, you will see a sharp decrease in the premiums that are returned. This is a good solution if you are a careful driver or don’t often drive, as it is unlike that you will need to claim. If you’re in an accident that is not your fault then you excess can often be recovered, meaning that you’re not left out of pocket.
The place you leave your car during the night and day can have a serious impact on how much your insurers will charge you. If you’re able to park on a driveway or in a garage then you may see a drop of around 5%, which add up to a fair amount over the years. Have a play around with the quotes to see what lowers your premiums the most – but don’t lie about it as this could void your insurance.
Take a look at who is on your insurance, if everyone in the household is insured even though they don’t drive the car, then taking them off can save you a bundle every year. Alternatively, if you’re insuring someone under 25 then adding another adult with a good record of insurance can help to lower the overall cost.
If you haven’t bought the car yet then it is important to factor in the price of insurance before you make the purchase. Smaller, less expensive cars with engines in the 1 litre range will be much cheaper to ensure that a 3 litre engine sports car or a big, bulky 4x4.
Fitting an alarm or immobilizer to your vehicle – if there isn’t one already – can drastically reduce the cost of your premium. While these aren’t the cheapest systems to have installed, they will ultimately save you money in the long run and offer you a little bit more peace of mind.
As soon as you start making changes to your vehicle – except to its security – you’ll see huge hikes in the amount you’ll have to pay out for insurance. Legally you need to tell your insurer about any changes to your vehicle otherwise your policy may be invalidated. Even modifications such as a new paint job or alloy wheels can make a difference.
If you are able to drive less, then your insurance will be less – it may sound simple, but people often claim they do 15,000 miles a year when in reality it is 10,000-12,000. This can have a big impact on how much your insurance costs so it is important to get it right.Back to News