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20 Tips to cheaper car insurance.
Car insurance premiums rise year after year,Although
your car insurance premium largely depends on your Car, Age and
discount there are a few steps you can take to help stop the rise
or even reduce your premium.
1. Buy from the internet.
Most companies offer a discount for online applications as this is
automated process and costs them a lot less to process your
application, you can usually see discounts of 5%-10%.Click here to
get a instant online
insurance quote
2. Shop around.
All insurance companies use different formulas to calculate your
insurance premium by adding or detracting money after each question
the ask you.By shopping around you could find big savings on your
insurance premium.
3. Buy extra products.
Most insurance companies also do other insurance products
ie"Building's and content's insurance".Most insurance companies
will give extra discounts for purchasing more than one product,by
doing this you could save a fair amount on all your insurance
premiums.
4. Pay your insurance premium in one go.
By paying your insurance premium in full you can avoid paying
costly interest charges that would be added if you paid your
insurance premium by instalments.Some insurance companies may
charge as much as 15% APR on instalments.You may even receive a
discount for paying in full.If you can not afford to pay in full
check out what rate a small loan would be you may still save some
money.Fill out a online loan
application
5. Increase your voluntary excess.
Your excess is the amount paid by you in the event of a claim,by
increasing this your insurance company should reduce your
premium.
6. Lower your annual mileage.
Lowering your annual mileage can reduce your premium,most insurance
companies will quote you for around 12,000 miles a year.Try and
work out how many mile's you will do if it's likely to be less you
may get a discount.Be honest about this as your insurance company
may ask to see old MOT'S and service history to verify your mileage
in the event of a accident.
7. Have a Alarm,Immobiliser or Tracker fitted.
Theft of and from your vehicle play a major role in the calculation
of your insurance premium.Having a alarm or immobiliser fitted will
give you a small discount to your premium and having a tracker
fitted could make you quite a saving.
8. Take the advanced driving test.
Passing your advanced driving test will show your insurance company
that you have extra skill when driving and are less likely to be
involved in a accident.
9. Don't inflate the value of your car.
Adding extra value to your car when you apply for your insurance
quote will do nothing for you apart from increase you premium.In
the event your car is stolen or written off you will only be paid
the market value of your car at the time of your accident.
10.Look after your credit rating.
Insurance companies are now looking at your credit score as part of
the calculation for your insurance premium.Maintaining a good
credit rating could avoid unnecessary additions to your
premium.
11. Insure your car Third Party Only.
Third party only is the minimum cover you are required to have by
law it's also the cheapest.If your vehicle is of a low value then
you could consider this type of cover.You need to remember that
with this type of cover if you was to have a accident that any
damage to your vehicle would not be covered for repair.
12. Keep a clean licence
Insurance companies take driving convictions very seriously and can
dramatically increase your car insurance premium,by maintaining a
clean licence proves to the insurance you are a safe and careful
driver.
13. Remove any unnecessary drivers.
If you have a young driver on your insurance policy that no longer
use's the vehicle you should remove them as this will reduce your
premium.
14. Young driver's add a older driver.
Some insurance companies will reduce young drivers premiums if they
have a older named driver on the insurance.
15. Build up your no-claims discount
One of the biggest factors affecting your car insurance premium is
the number of years no-claim's discount.You could receive up to 75%
discount for around 5 years of no claims.The more years you can
stay claim free the safer driver your insurance company will see
you as.
16. Protect your no-claims discount.
Although this will increase your insurance premium if you have a
lot of years of no-claims you may want to protect this as a small
claim may increase your premium by up to 75%.
17. Buy a lower insurance group car.
A very important factor to your insurance premium is what car you
drive.Most insurance companies adopt the Association Of British
Insurance Group Rating.This rates vehicle's from 1 - 20 generally
speaking the higher the group the higher the premium.By buying a
car with a lower group rating can lower your premium especially for
young or inexperienced drivers.
18. Join a car club.
If your vehicle is a classic or specialist consider joining a club
related to your car most clubs offer insurance schemes which have
very good premium rates.
19. Put your spouse as a named driver.
Some insurance companies offer discounts when you add a spouse as a
named driver as opposed to unmarried couples,they see marriage as a
sign of stability and associate stability with safe driving and
there for give you a discount.
20. Take pass plus.
If you are a new driver consider taking your pass plus.some
insurance companies could give you as much as a 25% discount and
when you have just passed your test and have no no-claims this
could make a considerable saving.
About the Author
Article by www.thevirtualgarage.co.uk
The free autotrader
uk alternative
Written by: Kev Higgins
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