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Get Cheaper Car Insurance – 8 Ways To Make It Possible

Author: Jennifer Bowers  //  Category: Car Insurance

Car insurance is not something you can avoid since a minimum level of insurance is required by law and it is also one of the most expensive costs that is involved in driving a car. There are several simple things you can do to reduce the cost of your premiums which is why it doesn’t mean you have to blindly pay whatever your insurer quotes.

Shop around and buy online. According to figures, it shows that a lot of people simply renew their current policies without shopping around. The internet makes it easy to compare prices from different insurers, so why not take advantage of this? Plus, you’ll usually get a discount of 10% or more just for buying your policy online.

The policy type. Do you really need a comprehensive policy with all the extras? Going for a third party fire & theft policy can reduce your premiums hugely, and is definitely worth considering if your car isn’t an expensive model.

Are there no claims discounts? In nearly all of the policies, a discount that increases for every year that you don’t make a claim is featured. The higher the discount available, the more you could save. You should try to look at insurers offering a ‘no claims bonus for life’ feature, where your current discount level can be fixed forever, even if you have to make a claim somewhere down the line.

What about the excess? The amount of a claim that you have to pay before the insurer pays the rest is the excess on a policy. Lower premiums is what it usually means when you choose to have a higher than standard excess level.

Consider the security. Fitting your vehicle with an alarm, immobiliser, or other security devices can lead to premium reductions. For example, when you park your car off-road on a driveway or in a garage, this will also mean a cheaper policy.

Be sure you pay annually. There are a lot of insurers that charge you interest for the privilege of paying in monthly installments. Pay annually if you can afford it to avoid this, or look for one of the companies who don’t charge extra for monthly payment.

What about mileage? The more your insurance will cost the more mileage you run up every year. You need to make sure you’re not overestimating how much you actually do drive, and give your insurer an accurate figure even if you can’t reduce your mileage.

When it comes to drivers. The more drivers you have on your policy, the more it will cost. What you can try to do is reduce the number of people that are insured to drive your car to the minimum possible, and try to get the policy in the name of a driver with the lowest risk profile. For example, if a car is driven by both a man and a woman, insuring it in the woman’s name will often result in a cheaper quote.

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