Five Steps To Cheap Car Insurance Premiums

Car insurance is compulsory, but it's not necessary to spend so much money. Easy ways combined with some time surfing for competitive car insurance rates can actually save you serious money at renewal time.

Step 1 - You must cut the risk in order to cut the costThe simplest way to reduce your car insurance premiums is to reduce the danger and accept a higher voluntary excess. An insurer's standard excess may be £100 but if you meet the first £250 of any claim, you'll see a reduction in the premium. Simply because you are taking in more of the risk which means you obtain a discount. However it is a gamble, be aware that you may have to meet the expense of a broken window right after an attempted theft or perhaps a bill for repairing bodywork damage from a carpark crunch.

Step 2 - Security Signifies Savings
Installing security devices may also result in cheap car insurance premiums. All major insurers insist on Thatcham rated security devices, usually a minimum of an alarm. If you are living within a high-risk area for car crime, it's wise to install extra security. It will save serious cash whenever your insurance renewal is due and provides you ` peace of mind.

Step 3 - Annual Mileage, Less Means More in Your PocketIf the total annual mileage is, 5,000 miles or less, check with insurers should they give reduced premiums for agreed mileage restrictions.

Step 4 - Named Drivers Trick
Adding a named driver to your policy can increase or reduce your premiums depending on the named drivers age, sex and driving record. Adding a young driver will increase your premiums, particularly with a limited or poor driving record. On the other hand, adding a driver over Thirty years old with a long and clean driving history can reduce premiums, particularly if the named driver is female!

Step 5 - Check around and Save Even More
The biggest car insurance policy savings come from doing your research. There is substantial differences between the least expensive and maximum motor insurance quotes pertaining to the identical car and driver(s). Start off using good comparitive online quotation sites, take their best quotes and go direct to your cheapest auto insurance company to get more specific quotes.

So next time your renewal quote arrives, don't just accept it and give your hard earned dollars away to the insurance company. Use the steps above and get the right cover at the right price.


If you're looking for insurance advice then read this on car insurance