Nobody likes to pay their motor insurance, however, it is a necessary evil. Not only is it a legal requirement that you be at least covered by enough insurance that if you have an ‘at-fault’ accident then your insurance company will pay out to the victims of the accident. Having a higher level of insurance such as a fully comprehensive policy will mean that your own vehicle will also be covered in the event of an ‘at fault’ crash. If you were to have an accident, then as long as you have this level of cover, you will be able to get your vehicle repaired or replaced.
But insurance can be costly. So, what can you do to lower the price on your car insurance? In this article, we’ll share some penny saving tips to get the policy that you want for less.
The first way that you can reduce the cost of your insurance is to shop around. Different providers will offer different rates. Go with the company that offer the cheapest insurance.
Add a named driver
Having a named driver on your policy could mean that your insurance getting dropped in price considerably.
Insure more than one car with the same company
If you have several cars or share a household with another driver with their own vehicle, you should look into seeing if you can get a discount for having more than one car insurance policy with the same provider.
Get additional security
While your vehicle may have its own factory fitted alarm and security features on it, by adding a feature such as the Ghost Immobiliser you may be able to lower the price of your premiums.
Have a telematics device fitted
One of the best ways for newer drivers to lower their insurance costs is by having a telematics device fitted to their vehicle. A telematics device will track certain details of your driving to see how you behave when you are behind the wheel. This data is then passed back to your insurance company. The type of data it will record will include speeds that you have driven, the time and lengths of the journeys.
Take an advanced driving course
By taking advanced driving courses such as the defensive driving course, you may be able to improve your driving skills and lower your insurance costs.
Get a different car
Different cars cost different amounts to insure. It may be that the car that you currently own is desirable for thieves, it might also be that the car is powerful or large. Typically the bigger the engine on a car, the more it will cost you to insure it.
Improve your credit score
You may be surprised to learn that your credit score can have an effect on the cost of your insurance. Try fixing elements of your credit score to see if this helps reduce your insurance premiums in the future.
** This is a collaborative post