Proven Ways To Get Cheaper Car Insurance

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  • 5 Proven Ways to Get Cheaper Car Insurance

    New drivers are often surprised at just how expensive car insurance can be. However with a little

    insider knowledge its possible to save a lot of money. Even better, you wont even have to reduce

    your level of cover in order to save money on your car insurance policy.

    Read on to uncover some of the most effective strategies for getting the cheapest car insurance

    possible.

    Invest In Excess Insurance

    Possibly the easiest way to start saving money on your car insurance is by insuring your excess. It

    sounds odd, so let me explain a little further. In essence, a car insurance policy typically consists of

    two parts; the excess that you pay in the case of a claim, and the main insurance premium. So, for

    example, you might agree to pay the first 100 of any claim, and then receive a small discount on

    the cost of your car insurance policy.

    It goes without saying that the larger the excess you opt for, the cheaper your insurance policy will

    be. This is because the insurance company is at less risk of having to pay out in the case of an

    accident.

    The problem for most people is that agreeing to a 400 car insurance excess (for example) is a risk. If

    an accident happens, they may have to find anything up to 400 for emergency repairs before their

    insurance policy actually starts paying out at all. Thats clearly quite a lot of money.

    Excess insurance is the magic that makes all this possible, and allows you to save money on your

    car insurance without worrying about the cost of your excess. In essence you simply select a car

    insurance policy with a large excess, then use a company like PayMyExcess.com to actually insure

    your excess.

    In this way your financial risk isnt equivalent to the value of your excess but is in fact far lower. The

    reason is that if you need to make a claim, and hence need to pay some or all of your excess, your

    excess insurance kicks in, helping to cover the cost for you.

    Do the maths of selecting a much higher excess and then insuring this for a small monthly sum

    and youll often be able to get top-rate car insurance for much less than other drivers are paying.

    Drive Shorter Distances

    One key factor that car insurance firms look at when deciding on the cost of insuring you is just how

    far you drive each year. For obvious reasons, the further you drive, the more risk youre exposed to.

    In contrast, drivers who only travel a minimal distance each year are typically the safest drivers -

    simply because theyre on the road less, and therefore are less likely to be involved in an accident.

    While driving less wont be an option for everyone, some people have discovered that by driving

    shorter distances and either car sharing or taking public transport, they can actually save a

    http://www.paymyexcess.com/

  • considerable amount of money on their car insurance each year. It just depends really on whether

    this financial saving is worth the trouble of finding other means of getting around.

    Maintain Your No Claims Discount

    The longer it is since you last made an insurance claim the lower your premiums will be typically.

    After all, it makes sense for car insurance companies to reward safer drivers that dont make claims,

    while ensuring that more dangerous or accident-prone drivers are paying into the pot to cover the

    costs of repair in the case of an accident.

    Increasingly though car insurance providers are giving opportunities to actually insure your no claim

    discount. In this way, if youre involved in an accident that isnt your fault, you wont lose your no

    claims discount the next time you need to renew your policy.

    Be aware that not all insurance companies offer this, so youd be well advised to shop around before

    signing up for your next policy to ensure that you select a provider that rewards careful drivers like

    you.

    Drive a Smaller Car

    Bigger, more powerful cars are allegedly more likely to be involved in an accident; especially if

    theyre driven by a younger or less experienced driver. The moral of the story is this: dont buy a

    more powerful car than you really need or youll probably end up paying a premium for it.

    Instead, try to figure out what the smallest car you need is and buy that one. Not only are smaller

    cars generally more fuel efficient and easier to park, youll also probably find that your insurance

    quotes drop in line with your new smaller engine size.

    Increase Your Motoring Experience

    While we all have to pass a basic driving test in order to be allowed to drive legally in the UK, there

    are further advanced driving courses one can take afterwards. The aim of these courses is to

    improve and develop your driving skills, especially in riskier or more dangerous environments like

    driving at night or in towns and cities.

    However while such courses will cost you extra money, they can prove to be a worthy investment.

    The reason is that many car insurance companies offer additional discounts for people possessing an

    advanced driving qualification. All those savings for years to come can rapidly make taking one of

    these courses well worthwhile.