In a time where we’re all strapped for cash, forking out for car insurance is something we could all do without. However, investing a bit of time in your hunt for insurance can potentially save you hundreds. Follow our simple tips below and see how much you can save.
Never just accept a renewal quote – shop around
You’ll almost certainly be able to get a cheaper deal elsewhere. There are so many comparison websites out there, so use them! Don’t be put off by having to input lengthy details. It only takes five minutes of your time and it could save you hundreds. Also, be sure to search a few comparison sites because they don’t all cover the same insurers. And one final tip, Aviva and Direct Line aren’t on comparison sites, so check them out.
They say when somethings too good to be true it usually is, and this can be the case with cheap insurance. Look at the exclusions carefully. In order to provide competitive rates, often basic essential requirements can be excluded like commuting to work for example -that’s fine it you take public transport and save even more money but useless if you find you claim and are not covered.
Save on car insurance – Loyalty counts for nothing
Think insurers like you staying with them? Yes? Well think again, insurers just love drivers who simply renew their policy automatically, and you’ll pay dearly for sticking with the same one, so make sure you spend time looking at alternative options, you’ll almost certainly be better off.
Save on car insurance – Think security
Installing security measures can mean that you receive a discount. Declare anything such as alarms and tracking devices to see if they make a difference to the amount you need to pay. Additionally, where you park your car can affect your car insurance. Obviously, parking your car in a garage is the safest and may save you some cash, but don’t lie about details like this, because it may mean that you might not be able to claim, should you need to, in the future.
Save on car insurance – Keep it simple
You’ll need to inform your insurers of any modifications you make to your car but try to steer clear of making any! We’re talking work that makes your car look… erm… ‘cool’, such as alloy wheels and the like. This is because the more changes you make, the more you may be charged.
Save on car insurance – Drive less!
Put simply, the more miles you drive, the more you’ll have to pay. If you can find any way of reducing journeys, then go for it. Don’t be tempted to lie about your mileage though. Your car insurance will be declared void if you’re found out.
Save on car insurance – Don’t pay monthly
If you can, pay upfront for the year. You’ll be charged interest if you pay monthly so it works out so much cheaper in the long run if you can pay in one lump sum.
As mentioned, make sure that you tell the truth about all of the details that are requested of you. You won’t be able to claim if you’re found out and while you may have saved hundreds on the good work that you put into finding cheap insurance, it won’t be worth it if it’s declared invalid later on.
- Anna Vaccaro