What can you sensibly do to keep your next car insurance premium as low as possible? Here we list the major ways to help you to help yourself.
Look around for insurance
Don’t consider for one moment that the insurance company cares for you and wants to keep your business. There is no loyalty shown, so don’t show any back. Don’t just stay with the same insurer, look around, change, take advantage of the system they’re playing.
Keep your no claims bonus safe
A small prang might not be worth claiming on the insurance since, again, the cost would be less than the premium rise. A no claims discount is a very valuable thing, so try to protect it.
Load your excess
The excess is what you pay voluntarily towards any claim, a figure usually around 200 dollar. But if you raise this figure then the premium goes down and you cross fingers that you don’t have an accident as you’re in for a bigger sum up front.
Go on an advanced driving course
Going on a course could reduce your premium by up to 35%. If you’re a new driver then go for the Pass Plus run by the Driving Standards Agency. If you’re a more experienced driver, then one of the courses run by the IAM RoadSmart programme will benefit your premium.
Upgrade security and drive less
Over 50% of car thefts occur during the hours of darkness, so if you can keep your car locked away in a garage that will reduce premiums. Even so, a driveway is a better risk than on the road parking. Should the car not have an alarm and an immobilizer consider fitting a Thatcham 1 or 2 system will again reduce costs.
You bought a car to drive, but the reality for many younger drivers is that the less they drive, the cheaper it is. If you agree to limit your mileage – and don’t for one second think about not keeping to it – then you can save money.