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Car Insurance Tips To Lower Your Premiums

Apr 4, 2008
A legal requirement of being a car owner is that you are fully insured to drive your vehicle on the road. Sadly owning a car is an expensive business, not only do you have to consider buying and paying for a car, but also taxing it, paying for the increasingly expensive petrol or diesel and providing correct insurance and so car insurance tips are important.

It is therefore no wonder that finding the best deal for your car insurance is such a priority for many people, after all, why pay more for something if you don't have to. There are lots of companies that can offer you car insurance and it can often seem like a daunting task attempting to find the best deal for you as the quotes and prices you will pay can vary wildly from one company to the next.

Many companies also now offer specialised cheaper car insurance aimed at certain sectors of the market, for example if you are over a certain age, depending upon your gender and if you fall into any of these categories then it can be a really good way to keep the cost of your car insurance down.

There are of course a number of car insurance tips that could save you a vast amount of money. These include fitting an industry recommended alarm system and an immobiliser as this will help to increase your security and should help to keep down your premiums. It is worth noting that some insurers may also insist on tracking devices fitted being before they will insure a particularly expensive car, but this is unlikely to be the case for many of us.

Lowering the excess you are prepared to pay on any claim to reduce your premium. With the voluntary amount of excess that you are willing to pay, you will also keep costs down as the more you are willing to cover yourself in the event of a claim, the lower your premium will be.

With many insurance policies there may be a number of extras that you are paying for that you do not really need as these will up your premium. The fewer extras that the car insurance company has to provide should you be involved in an accident, the lower the cost of the cover.

Where you park you car, especially overnight, can also have a big impact on your premium since many vehicle thefts will occur during the night so if you can keep you car in a garage then your insurance costs will be reduced as a consequence. Parking on a driveway is also considered to reduce the risk of theft or accidental damage than if you were to park in the road.

Other car insurance tips that could help save money include; making sure that only regular drivers are named on the policy. Adding more will increase the cost and you can always add someone for a few days if you need to. This will ultimately work out cheaper. It is also not wise to add a young, inexperienced driver to your policy as the total premium will still be calculated on the youngest driver. Protect your no-claims bonus may also save you money after a number of years and you could find that some insurers will offer big discounts to those considered to be safer drivers.

If you decide to change your car, check with your insurer if the model will have a significant effect on the premium as a sporty model can mean a higher insurance group and often, a slightly different version could save you a considerable amount in comparison.

Lastly, and perhaps the most obvious, drive more carefully and maybe consider taking some new driving courses as many insurers will offer discounts if you have more driving experience.
About the Author
Louis Rix is a Director of NetCars, one of the UK's leading motoring websites. First established in January 2000, it provides car finance, loans and warranty. NetCars also provides a cheap car insurance service.
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