5 Steps To Cheap Car Insurance Premiums

5 Steps To Cheap Car Insurance Premiums

5 Steps to​ Cheap Car Insurance Premiums
Car insurance is​ compulsory,​ but it's not necessary to​ pay more than you​ have to​ .​
a​ few simple steps combined with some time surfing for competitive car insurance rates really can save you​ serious money at​ renewal time.
Step 1 - Cut the​ Risk and Cut the​ Cost
The easiest way to​ cut your car insurance premiums is​ to​ cut the​ risk and accept a​ higher voluntary excess .​
An insurer's standard excess may be £100 but if​ you​ meet the​ first £250 of​ any claim,​ you'll see a​ reduction in​ your premium .​
This is​ because you're taking on​ more of​ the​ risk so you​ get a​ discount .​
But it's a​ gamble,​ be aware that you​ might have to​ meet the​ cost of​ a​ broken window after an​ attempted theft or​ a​ bill for repairing bodywork damage after a​ car park crunch.
Step 2 - Security Means Savings
Fitting security devices can also result in​ cheap car insurance premiums .​
All major insurers insist on​ Thatcham rated security equipment,​ usually a​ minimum of​ an​ alarm .​
If you​ live in​ a​ high-risk area for car crime,​ it​ makes sense to​ fit extra security .​
It saves you​ money when your insurance renewal is​ due and gives you​ extra peace of​ mind.
Step 3 - Annual Mileage,​ Less Means More in​ Your Pocket
If your annual mileage is,​ 5,​000 miles or​ less,​ ask insurers if​ they offer discounts for agreed mileage restrictions.
Step 4 - Named Drivers Trick
Adding a​ named driver to​ your policy can increase or​ reduce your premiums depending upon the​ named drivers age,​ sex and driving record .​
Adding a​ young driver will increase your premiums,​ particularly with a​ limited or​ poor driving record .​
However,​ adding a​ driver over 30 years old with a​ long and clean driving record can cut premiums,​ particularly if​ the​ named driver is​ female!
Step 5 - Shop Around and Save Even More
The biggest car insurance savings come from shopping around .​
There can be massive differences between the​ lowest and highest car insurance quotes for exactly the​ same car and driver(s) .​
Start off using good comparitive online quotation sites,​ take their best quotes and go direct to​ the​ cheapest car insurance company for more specific quotes.
So next time your renewal quote arrives,​ don't just accept it​ and give your money away to​ the​ insurance company .​
Use the​ steps above and get the​ right cover at​ the​ right price.

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