5 Top Tips for Cheaper Car Insurance
Over the last few years, the cost of car insurance has risen steadily. Therefore, it is important to look for ways to get cheaper car insurance. Below are some of the top tips for cheaper car insurance.
Make car insurance comparison online
Shopping around for car insurance is an easy and effective way to minimize the cost you pay for your insurance cover. In most cases, insurance firms rarely provide their finest deals to their clients. They reserve the best and cheapest deals for new clients. There are different car insurance comparison tools to find out how much you can save by working with different insurers. As you make the comparison, ensure you only evaluate like for like insurance cover in order to get the most cost-effective one in terms of cost.
Raise your excess
Another effective way to reduce your car insurance premium is to opt for a higher voluntary excess when you set your auto insurance cover. As a general rule, if you raise your excess, you will pay a reduced premium. Therefore, it is advisable to use the auto insurance comparison tools to find out the difference a raised excess will help you save on your yearly car insurance cost. However, you have to ensure you can afford your voluntary excess. In case you want to make an insurance claim, you are supposed to stump it up before you can be paid by your insurer.
Do not go for Frills
Before you add extras such as windscreen cover, legal expense cover or make the decision to use a courtesy car to your auto insurance package, you have to think carefully. Despite that most insurance firms are often enthusiastic about the value of such extras, they are not necessary. Including too many extras in your car insurance cover will just add up the total cost of your policy.
Consider the distance you drive
Before you purchase car insurance, you need to take your time and think carefully about the distance you drive your car each year. If it is possible for you to agree to reduce the annual mileage cap that you did the past year you purchased the insurance, you end up saving a lot of money. This is a great tip if you have two family cars where one car will go for more miles in one year than the other one.
Avoid paying by direct debit
Spreading the total cost of your car insurance might feel less painful than paying your entire premium at once. However, this will cost you more in the long run. Most car insurance firms charge high interest when you opt to be paying the premium on monthly instalments. Therefore, you must check before you agree to the terms and conditions. In case your car insurer’s policy is to charge interest, but you want to spread the entire cost of the cover for free, you can consider using a 0% purchase credit card to make the payment. All you need to do is to ensure you clear your balance in full before the zero per cent period expires.
Conclusion
Over the last few years, the cost of car insurance has risen steadily. Therefore, it is important to look for ways to get cheaper car insurance. Below are some of the top tips for cheaper car insurance.
Make car insurance comparison online
Shopping around for car insurance is an easy and effective way to minimize the cost you pay for your insurance cover. In most cases, insurance firms rarely provide their finest deals to their clients. They reserve the best and cheapest deals for new clients. There are different car insurance comparison tools to find out how much you can save by working with different insurers. As you make the comparison, ensure you only evaluate like for like insurance cover in order to get the most cost-effective one in terms of cost.
Raise your excess
Another effective way to reduce your car insurance premium is to opt for a higher voluntary excess when you set your auto insurance cover. As a general rule, if you raise your excess, you will pay a reduced premium. Therefore, it is advisable to use the auto insurance comparison tools to find out the difference a raised excess will help you save on your yearly car insurance cost. However, you have to ensure you can afford your voluntary excess. In case you want to make an insurance claim, you are supposed to stump it up before you can be paid by your insurer.
Do not go for Frills
Before you add extras such as windscreen cover, legal expense cover or make the decision to use a courtesy car to your auto insurance package, you have to think carefully. Despite that most insurance firms are often enthusiastic about the value of such extras, they are not necessary. Including too many extras in your car insurance cover will just add up the total cost of your policy.
Consider the distance you drive
Before you purchase car insurance, you need to take your time and think carefully about the distance you drive your car each year. If it is possible for you to agree to reduce the annual mileage cap that you did the past year you purchased the insurance, you end up saving a lot of money. This is a great tip if you have two family cars where one car will go for more miles in one year than the other one.
Avoid paying by direct debit
Spreading the total cost of your car insurance might feel less painful than paying your entire premium at once. However, this will cost you more in the long run. Most car insurance firms charge high interest when you opt to be paying the premium on monthly instalments. Therefore, you must check before you agree to the terms and conditions. In case your car insurer’s policy is to charge interest, but you want to spread the entire cost of the cover for free, you can consider using a 0% purchase credit card to make the payment. All you need to do is to ensure you clear your balance in full before the zero per cent period expires.
