17 Tips For Cheaper Car Insurance
Designed by the Driving Standards Agency (DSA), the pass plus is the
ideal course to enhance driving skills and road awareness. As it's done within 12 months
of successfully passing the driving test the majority who follow up with this course
are normally young drivers, the very ones who find car insurance so expensive. But
by taking the Pass Plus, any inexperience on the road is quickly resolved with the help of
professional instructors guiding the student through various assessment modules. For young
drivers, the experience gained from completing the Pass Plus course will ensure they receive
more favourable quotes from car insurance companies. Young drivers could be looking to save in
the region of 30% on their first policy just by completing this course. However, when applying
for a car insurance quote it's always wise to let the insurer know if you have completed the
Pass Plus, as often they will leave declarations like this up to you. You can learn more
about the Pass Plus here.
Get a Variety of Insurance Quotes
Apply for as many insurance quotes as your
time will allow. Many people consider three as a satisfactory number, but it's logical
that the more you get the easier it is in spotting the best deals, and getting as many
as seven will give you the best chance of finding the cheapest quote. Remember to
compare all insurance quotes on a like-for-like basis though, as even the most expensive
one might appear considerably cheaper if all the extras are taken into account. You might
find one insurance policy comes with breakdown cover as standard, while another it may have
to be bought seperately, and by paying extra it could make the cheaper insurance roughly
the same as the more expensive one.
Reduce the risk of theft by
parking your vehicle off-road. Garages and driveways are a big deterrent to thieves,
so if you are able to park your car safely in either of these then it's always advisable
to do so. This alone can save you 5% on your car insurance. However, don't be tempted
to say your car is garaged overnight if it isn't. Tempting as it may be to try and reduce
your insurance costs it is also classed as false information, and supplying false
information can invalidate your whole car insurance policy.
Choice of Car
Choose your car wisely. If you're looking to cut down on car
insurance costs bear in mind that the make of car, the engine size, its age and value are
all used in calculating insurance quotes. Cars with small engines and no modifications,
which also have cheap and easily accessible spare parts, are an ideal choice if you want to keep
insurance premiums to a minimum. But also consider the car's insurance group rating as well.
All vehicles in the UK are assigned a group rating number between 1 and 20, and by choosing a
car with a lower number will significantly reduce the overall cost of your car insurance.
You can learn more about the car insurance rating system
Car Security Devices
Any extra security measures you take to deter thieves from stealing your car will
further decrease the risks you pose to the insurance company. For example, just by
installing a Thatcham approved alarm can often save you up to 10% on your car insurance.
You will normally be expected to have them fitted by professionals though, as insurance
companies might often not take DIY fitted devices into account, even if they do happen
to be Thatcham approved. Immobilisers and steering locks also play a vital role in deterring
the car thief, so by having these you are also lessening the overall risk that
you pose to the insurance company.
Try and keep car
modifications to an absolute minimum. Regard all alterations as having the potential to
raise car insurance costs to some degree. The only modifications that will normally reduce
insurance premiums are extra security devices, this basically means alarms and immobilisers
etc. However, some cars may already come with modifications as standard, but as long as
these were done throughout the car's production and not by the owner, then they should
have no adverse affect on the cost of the car insurance.
Build No Claims Discount
In most cases having a no claims bonus is probably the most reliable way of reducing
the cost of car insurance. Therefore, try and build your no claims discount as soon as
possible. This will mean you have to have your own car insurance policy before you can
build your discount, and for most young drivers this will seem very expensive, but the
sooner you build your discount the sooner you can start to enjoy the benefit it gives
on your car insurance.
Increase Voluntary Excess
The excess is the initial
sum of money that you the policy-holder will pay towards the cost of any claim on your
car insurance. By raising the excess level you will be reducing your reliance on the
insurance provider to cover the cost of smaller claims, therefore reducing the risk
attached to you in the eyes of the insurer. Normally, the lower the risk you are the
lower the insurance premium is likely to be.
Get Car Insurance Quotes Every
Even if you are happy with your current insurance provider it's often worth
getting quotes from other companies before you renew. Quite often car insurance companies
offer enticing deals to new customers in order to gain custom, and by getting several
new quotes you can often find a better deal. It's good to remember that a single insurance
company cannot be the cheapest option for everybody all of the time, and last years
over-priced insurer might well be this years bargain. Car insurance quotes are always
changing, given time your circumstances will also change, so the most reliable way of
finding a better offer is by applying for a range of new quotes.
Named Drivers on Insurance Policy
Young drivers might find it worthwhile
adding someone older or more experienced to their car insurance. Perhaps a parent
or grandparent with a good driving record would be happy to go on the car insurance
policy, too. Of course, there are no guarantees this will always work as insurance
companies use their own rules for calculating premiums, but it's still worth asking
in case they see you as a reduced risk under the watchful eye of a parent.
All Drivers on Insurance Policy
Car insurance that covers any driver to
use the vehicle can add pounds to the insurance premium. The only time when this
can work out cheaper is when a named driver policy is required for a younger
driver, then having an all driver policy could well work out the better option.
Reduce Insurance Coverage
Third Party Fire and Theft is normally a lot
cheaper than Fully Comp Insurance, however you do get a lot less cover for your
money. But if you only have an inexpensive runaround to insure then it's often
worth considering, as it does get you up and running for a much smaller outlay.
For young drivers this will work out a lot cheaper, and the best part of it is, you
will already have your own insurance and be entitled to start building your no
Buy Car Insurance Online
Many companies now offer a
discount for buying car insurance online. This is because Internet sales have
fewer overheads and don't require a sales team to close the deal. The insurance
company is then happy to pass on any savings to online buyers, which in a lot
of cases can be as much as 10%. Purchasing online is virtually risk free, and all
payment pages on insurance sites are normally well protected by encryption technology.
Your transaction details are safe from prying eyes, and in a matter of minutes you can
print off your newly purchased policy. The insurer will then normally post you an
official copy of the insurance policy a few days later.
Reduce Annual Mileage
The amount of miles you travel throughout the year
is another factor used by insurers to calculate the cost of car insurance. Each
company might have their own rules on mileage and at what level it will affect the
insurance premium, but on the whole the industry usually work with the concept that
annual mileage falls into one of the following categories: 3k, 5k, 8k, 10k, 12k, 15k
and 20k. If you can limit your annual mileage to less than the average 12/15k then
you could start to see it reflected in the cost of your car insurance.
Introductory No Claims Discount
To gain your custom some insurance companies
might offer you an introductory no claims discount, some will even go so far as to
match the discount you already have on your insurance. This means you can search for
a cheaper quote, change insurers if necessary, and yet still maintain that all
important no claims discount. However, if for example you were awarded an introductory
discount of 3 years with one company, this would naturally increase to four after the
first twelve months, but if you again changed insurers this new company might only
credit you as having one claim free year.
statistically safer drivers than men, and because of this insurance companies
will often offer much cheaper car insurance for women. If the family car is used
equally by the husband and the wife, then it could make sense to have the female
as the main driver on the insurance. But do always remember to be truthful, as it's
not worth the risk of invalidating the entire car insurance for the sake of few
pounds. Do ensure the driving really is equally split between the two.
Young Drivers Car Insurance
For all young drivers age is most definately
against them, and they can often end up paying small fortunes for their car insurance.
As you advance in years so too do your driving skills, and insurers will often
use key birthdays as thresholds to cheaper insurance. So, when taking out car insurance
try and arrange to buy the policy after your birthday and not before, as on paper you
will always appear one year older. Over time this could save you money as you will
reach important insurance thresholds earlier than if you had taken the insurance out
before your birthday.
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