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Car Insurance Savings Tips

Apr 4, 2008
It is a known fact that many consumers are paying over the odds for car insurance as many will not bother to seek a variety of quotes prior receiving their renewal quotes to renew their car insurance. Getting a few quotes and not just accepting a renewal quote could save them a great deal of money.

As well as just shopping around for a new quote, there are a number of other car insurance savings tips ways could save you a vast amount of money. These include fitting an industry accepted alarm system and an immobiliser as this will help to increase your security and should help to keep down your car insurance costs. It is worth noting that some car insurers may also insist on tracking devices fitted being before they will insure a particularly expensive car.

Altering the excess you are prepared to pay will reduce your car insurance premium. With a voluntary amount of excess that you are willing to pay, this will keep costs down. The more you are willing to contribute yourself in the event of a claim the lower your premium may be.

With many insurance policies there may be a number of added extras that you are paying for that you may not need, as these will increase your premium. The less your motor insurance company has to pay to provide in the event of an accident, the lower your costs.

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

Further insurance savings tips include making sure that only regular drivers are named on the policy. Adding more will only increase your premiums. It is also not a wise option to add a young, inexperienced driver to your policy as the total premium will still be calculated against the youngest driver.

Protecting 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 buy a new car, check with your insurer if the model will have an impact upon your premium as performance models can attract a high premium and often a slightly different model or smaller engine could save you a significant 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. Advanced driving certification for experienced drivers or the PassPlus scheme for newly passed drivers can give you an additional discount with certain car insurers, as you are deemed to be safer drivers. If you have additional certification, then mention this when applying for your insurance.
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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