5 Steps To Cheap Car Insurance Premiums

5 Steps To Cheap Car Insurance Premiums

5 Steps To Cheap Car Insurance Premiums,Insurance is mandatory, but there is no need to pay more than it should. A few simple steps combined with time travel for competitive car insurance rates can really save you money on renewal time.

Step 1

Cut Risk and Cut Costs

The easiest way to cut your car insurance premium is to cut risk and accept a higher voluntary excess. An insurance company standard excess might be £ 100 but if you meet the first £ 250 of any claim, you will see a reduction in your premium. This is because you take more risks so you get a discount. But this is a gamble, know that you may have to meet the costs of broken windows after theft attempts or bills to repair bodywork damage after a car parking crisis.

Step 2

Security Means Savings

The installation of security devices can also produce low-cost car insurance premiums. All major insurance companies insist Thatcham-ranked security equipment, usually a minimum alarm. If you live in a high-risk area for car crime, it makes sense to adjust extra security. This saves you money when your insurance extension is due and gives you extra peace of mind.

Step 3

Annual Mileage, Less Mean in Your Pocket

If your annual mileage is 5,000 miles or less, ask the insurance company if they offer discounts for agreed mileage limits.

Step 4

Named Driver Tricks

Adding named drivers to your policy can increase or decrease your premium depending on the driver's age, gender and driving record mentioned. Adding a young driver will increase your premium, especially with a limited or poor driving record. However, adding a driver over 30 years with a long and clean driving record can cut premiums, especially if the driver mentioned is female! (also read Life Insurance: Back to Basics)

Step 5

Shop Around and Save More

The biggest car insurance savings come from shopping around. There might be a big difference between the lowest and highest car insurance deals for the exact same car and driver. Start using a good comparative online quote site, take the best offer and go directly to the cheapest car insurance company for more specific offers.

So the next time your renewal quote arrives, don't just accept it and give your money to the insurance company. Use the steps above and get the right protection at the right price for car insurance premiums.