Home » Finance » Insurance

How To Save Money On Your Car Insurance

Jul 27, 2008
Did you know that it is entirely possible to influence the level of your car insurance? Many people do not and instead their car insurance quotes are often a lot higher than they should be. As such, people do not save as much money as they could. When you look at just how expensive it is to run a car today then you might just realise why it is important to make savings as and when you can and your car insurance is one of the very few areas that could make driving a little cheaper.

There is not one factor that determines your car insurance quotes but three. The first is the insurer itself. The second is the level of cover you would like. The third is the risk you pose to the insurer in terms of the likelihood that you will claim.

The insurer determines exactly how much it charges an individual driver for insurance. It can alter this depending on the level of cover you want and also the perceived risk you pose to it. In other words, it will assess how likely you are to claim and give you car insurance quotes accordingly. This is why you can claim back any no claims bonus you have on your new premiums as it makes you less of a risk.

However, when it comes to car insurance, nothing is set in stone. You can actually influence how much you pay though, but to do that you have to know how. You car itself is a great place to start. If you have yet to buy a car then you might want to think about your decision. The more powerful the engine and coveted the model, the higher your premiums will be.

Modified cars will also be penalised by insurers because they are often deemed unsafe or expensive to fix in the event of an accident. As such, leaving your car in its original state as well as thinking about how much you would have to pay is worth it before you purchase your car.

The risk of claiming can also be reduced. You can offer a car insurance company several reassurances to reduce your premiums voluntarily. For example, if you raise your excess level then this would indeed lower your premiums. You are staking your own money against having an accident in effect so you are considered to be less of a risk.

The security of the car also plays a big part in reassuring your insurer. This is because a more secure car is less likely to get stolen. A car alarm will go a long way to protecting your car, as will the fact that it is locked up in a garage overnight. A secure garage on your property will ensure that your car is safe. Another point that could lower your premiums is only driving your car a few days a week and keeping the mileage low. It is less likely to get in an accident that way.

Car insurance quotes should be there to protect you and not eat into your budget. As such, you should take matters into your own hands and ensure your premiums are as cheap as possible.
Rating:
Please Rate:
(Average: Not rated)
Views: 137
Print Email Report Share
Article Categories
    • Artists
    • Gambling
    • Humanities
    • Humor
    • Movies
    • Music
    • Photography
    • Tattoos
    • Television
    • Classic Cars
    • Motorcycles
    • Recreational Vehicles
    • SUVs
    • Trucks
    • Vans
    • Branding
    • Business Opportunities
    • Careers and Jobs
    • Corporate
    • Customer Service
    • Direct Mail
    • Entrepreneurship
    • Ethics
    • Financing
    • Franchising
    • Home-Based Business
    • Human Resources
    • Import and Export
    • Leadership
    • Management
    • Market Research
    • Marketing and Advertising
    • Negotiation
    • Network Marketing
    • Networking
    • Organizational
    • Presentation
    • Project Management
    • Public Relations
    • Small Business
    • Strategic Planning
    • Team Building
    • Telemarketing
    • Training
    • Data Recovery
    • Databases
    • Games
    • Hardware
    • Networks
    • Operating Systems
    • Programming
    • Security
    • Software
    • Spyware and Viruses
    • Ask an Expert
    • College and University
    • Home Schooling
    • K-12
    • Languages
    • Online Education
    • Psychology
    • Coffee
    • Cooking
    • Gourmet
    • Recipes
    • Wine and Spirits
    • Acne
    • Aerobics
    • Alternative Medicine
    • Beauty
    • Cancer
    • Cosmetics
    • Depression
    • Diabetes
    • Diseases and Conditions
    • Fitness Equipment
    • Fitness
    • Hair Loss
    • Heart Disease
    • Medicine
    • Men's Health
    • Muscle Building
    • Nutrition
    • Skin Care
    • Supplements and Vitamins
    • Weight Loss
    • Women's Health
    • Yoga
    • Arts and Crafts
    • Babies
    • Collecting
    • Elderly Care
    • Genealogy
    • Hobbies
    • Parenting
    • Pets
    • Pregnancy
    • Woodworking
    • Feng Shui
    • Gardening
    • Home Appliances
    • Home Security
    • Interior Design
    • Landscaping
    • Affiliate Programs
    • Article Marketing
    • Auctions
    • Audio
    • Banner Advertising
    • Blogging
    • Broadband
    • Domain Names
    • E-Books
    • E-Commerce
    • Email Marketing
    • Ezines and Newsletters
    • Forums
    • Internet Marketing
    • Link Popularity
    • Pay-Per-Click
    • Podcasting
    • RSS
    • Search Engine Marketing
    • Search Engine Optimization
    • Security
    • Social Media
    • Spam
    • Video
    • Viral Marketing
    • Web Design
    • Web Development
    • Web Hosting
    • Copyright
    • Cyber Law
    • Intellectual Property
    • National, State, Local
    • Patents
    • Regulatory Compliance
    • Trademarks
    • Buying
    • Selling
    • Baseball
    • Basketball
    • Boating
    • Cycling
    • Extreme Sports
    • Fishing
    • Football
    • Golf
    • Hockey
    • Hunting
    • Martial Arts
    • Running
    • Scuba Diving
    • Soccer
    • Swimming
    • Tennis
    • Dating
    • Divorce
    • Marriage
    • Weddings
    • Astrology
    • Buddhism
    • Christianity
    • Faith
    • Hinduism
    • Islam
    • Judaism
    • Meditation
    • Metaphysical
    • New Age
    • Cable and Satellite TV
    • Cell Phones
    • Communication
    • Gadgets and Gizmos
    • GPS
    • Satellite Radio
    • Video Conferencing
    • VoIP
    • Addictions
    • Coaching
    • Goal Setting
    • Motivational
    • Stress Management
    • Time Management
    • Clothing
    • Electronics
    • Fashion
    • Gifts
    • Jewelry
    • Causes and Organizations
    • Environment
    • History
    • Holidays
    • Men's Issues
    • Nature
    • Philosophy
    • Politics
    • Women's Issues
    • World Affairs
    • Air Travel
    • Camping
    • Cruises
    • Destinations
    • Outdoors
    • Article Writing
    • Book Reviews
    • Copywriting
    • Fiction
    • Non-Fiction
    • Poetry
    • Quotes
    • Screenplay
    • Tools and Resources