proven ways to get cheaper car insurance
Post on 12-Apr-2017
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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
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
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
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
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
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.