20 Tips For 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. Net quote is a gret way to get quotes from several different insurance companies with one application. Its FREE why not get them? Click here Netquote.com
All car insurance companies use different formulas to calculate your insurance premium by adding or detracting money after each question they ask you. By shopping around you could find big savings on your insurance premium.
3. Buy extra products.
Most insurance companies have other insurance products. Many of these 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.
By paying your car insurance premium in full you can avoid paying costly interest charges that would be added if you paid your insurance premium by installments. Some insurance companies may charge as much as 15% APR on installments. 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 car 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 miles 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, Immobilizer or Tracker fitted.
Theft of and from your vehicle plays a major role in the calculation of your insurance premium. Having an alarm or immobilizer 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 an accident.
9. Don't inflate the value of your car.
Adding extra value to your car when you apply for your car insurance quote will do nothing for you apart from increase your 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 coverage. You need to remember that with this type of coverage if you were to have a accident any damage to your vehicle will not be covered for repair.
12. Keep a clean driving record
Car insurance companies take driving convictions very seriously and can dramatically increase your car insurance premium, by maintaining a clean driving record proves to the insurance company 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, this will reduce your premium.
14. Young driver's, add an older driver.
Some insurance companies will reduce young driver’s 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 you go without filing a claim. The more years you can stay claim free the safer driver your insurance company will see you as.
16. Protect your no-claims discount.
If you have a lot of years on your driving record without filing an insurance claim you may want to protect this. Filing 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 a 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 car insurance companies offer discounts when you add a spouse as a named driver as opposed to unmarried couples. Insurance companies see marriage as a sign of stability and associate stability with safe driving, therefore giving you a discount.
20. Take pass plus.
If you are a new driver consider taking your pass plus test. Some car 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.
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