How to get cheaper car insurance
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Tips for getting Cheaper Cover
Money-saving tips to find the right car insurance policy at the right price and cut the cost of your premium.
One of the most expensive mistakes you can make with your car insurance is letting your policy automatically renew.
If you do this instead of looking for a better deal, your insurer can take advantage and push your premiums up.
So shopping around is one of the best ways to get a cheaper deal on your car insurance.
02. Pay annually
Paying monthly for car insurance is a loan, with interest added, so paying for your car insurance in a lump sum is cheaper.
If you can’t afford to pay in one go, it’s worth considering other options such as paying on a 0% credit card – just make sure you make at least the minimum monthly repayments and pay off the balance on the card before the interest-free period ends.
03. Improve security
Improving your vehicle’s security could get you cheaper premiums.Think about installing devices such as alarms, immobilisers and locking wheel nuts.
Get quotes on how much your insurance would cost before fitting any security upgrades, so you can see if the extra cost of them is worth it for the insurance savings.
04. Increase your voluntary excess
Choosing a higher voluntary excess when you take out your policy will reduce the price of your insurance.
But if you make a claim you’ll have to pay that excess towards the cost of repairing or replacing your car – so be certain you can afford the excess if you do end up having to pay it.
05. Build up your no claims bonus discount
Building up your no-claims bonus discount will help you to get a cheaper policy because insurers reward motorists who are claim-free with discounts on their premiums.
06. Only pay for what you need
Don’t choose a more expensive policy with unnecessary add-ons – go for one that has everything you need for a great price. Comparing insurance should help you find the right insurance for the right price.
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07. See if it's cheaper to buy add-ons as separate products
Car insurance add-ons can include:
- Legal assistance
- Courtesy car cover
- Personal accident cover
- Windscreen cover
- Protected No-Claim Bonus
08. Consider your cover type
If you have an older car that isn’t worth very much, a third party, fire and theft policy rather than comprehensive cover could save some money.
But third party-only insurance might not offer the cover level you want, and it isn’t always cheaper than comprehensive cover.
09. Park with care
If you have a garage or driveway, park your car there overnight.
Parking off the road overnight could lower the chance of your car being vandalised or stolen, and insurers will deem you as less of a risk to insure, potentially lowering your premiums.
10. Take care with extra drivers on your policy
Putting an additional driver on your policy can bring your premiums down, if they’re experienced.
Always be honest about who the main driver is though, or you’ll invalidate your cover.
11. Think about what vehicle is best for you
Cars which have a small engine are more likely to be in a low insurance group and tend to have lower premiums.
For example, a 1.1 litre hatchback would be cheaper than an SUV with a large engine.
Road tax on a smaller engine vehicle should also be cheaper.
Every insurer will treat every sort of vehicle differently though.
For example, some classic cars are very affordable to cover as insurers recognise the love that owners put into them and you may find a discount through an owners’ club.
12. Avoid modifications
Modifications – whether they’re upgrades to styling, audio or performance – could mean a big hike in the price of your insurance.
Adding alloy wheels, body kits and performance upgrades could make your car a lot more attractive to thieves.
Modified cars also tend to be more expensive to fix than ordinary cars due to the expensive parts.
13. Take a driving course
Although advanced driving courses such as Pass Plus and IAM cost money, they’ll get you a discount on your insurance with some providers, especially for young and inexperienced drivers.
Bear in mind that some insurers won’t take courses like these into account, and you should weigh up whether the savings on insurance will outweigh the course cost.
14. Think about how you describe your job
If, for example, you don’t commute, you may be able to find a cheaper policy by describing your insurance as being ‘for social use’.
The way you describe your job can also affect your premium. While a ‘chef’ might pay a different premium to a ‘cook’, and a ‘hairdresser’ might pay a different price to a ‘barber’.
But be honest or you risk invalidating your policy.
Also think about the level of business use cover you need, if your vehicle is for business use, you must be honest or you’ll invalidate your cover.
15. Consider a telematics policy
Telematics car insurance bases premiums on actual data about your driving, which is recorded by either a black box fitted in the vehicle or a mobile phone app.
As an added bonus the black box acts as a tracker if your car gets stolen.
Telematics insurance can make your car insurance cheaper, whatever your age, as long as you’re a careful driver.
16. Pay attention to administration charges
Administration charges are one of the great hidden expenses on car insurance.
If, for example, you change your car, your job or your address, some policies will allow you to make the change for free – but others could charge around £50.
Take charges into account when you arrange your insurance – paying £5 or £10 more for a policy with reasonable admin fees could save you much more in the long run.
17. Shop around for the right quote
You won’t be surprised to hear that our top tip for getting the car insurance cover you need at the right price is to shop around.
It doesn’t have to take a long time to check whether you could get a cheaper deal – just compare car insurance quotes with us.
Shopping around individual insurer websites, phoning them all up or using a high-street broker is time-consuming. Compare prices with icompare4u and you’ll have lots of quotes to choose from in minutes.
18. When to renew your car insurance for the best price
You can buy your car insurance up to 29 days before the policy start date and ‘lock in’ the price you’re quoted on that day.
And our research shows it’s better to buy early. The closer to the renewal date you get, the more you could end up paying.
Insurers can change their prices at any time, so the price you see when you first compare quotes might change if you return to buy later.
Telematics insurance could turn into a nightmare. Please check the terms and conditions. I tried to cancel my policy after 6 weeks and ended up paying £542. This was half of the initial price of the insurance.
Telematics and black box are horrible!!!
I love cheaper insurance!
Always plan and book in advance for everything.
Yeah, that is true.
I wish I knew this sooner, before I had bought my car insurance
good service.
In these times what I want most is to save!
Enjoyed the information!
Very good!
That pay annually tip is gold! Saved £300 this year
This tip about amendments fees is important. I had to pay almost £100 on admin fees just to cancel my policy
Everybody like cheaper insurances
Everybody pay attention to these tips! They know what they’re saying. And don’t forget to compare prices through ICompare 4 U!
I’d stay away from telematics insurance if I were you
Don’t get yourself involved in any accident that’s what I’m saying.
i need cheaper insurance, but not with black box.
Every time/ year need to shop around.
I love saving money…
Enjoyed the information!
Not sure why peoples dont like black box insurance, you just have to drive right!
Yeah, not a good thing…
My quotes are so high, I want to insure my car, please help! 🙁
Telematics is the worst thing ever! it’s a big no, I rather to pay a bit more.
Insure your excess.
Never renew your car insurance without shopping around first.
You should always shop around when buying a new policy
I didn’t know there were so many ways to get a discount
Thanks for the tips mate
Thx for the tips. Really helpful.
Annual is a wise option, you can save a lot of money, some companies only offer good prices when you it all at once.
I do not like this kind of insurance, but the article was useful.
Make a quote before buying it.
It is not for me. : /
cool
For me it works, I am young and it helps me save some money. The insurers are to demanding for young drivers most of the times.
GOOD
VERY GOOD
very good
cool
very good
VERY COOL
VERY COOL
VERY COOL
why car insurance is so expensive here? I can’t understand, I paid only 300 euros per year and here is 2000 pounds.
very good
VERY GOOD
Nice
GOOD
GOOD
COOL
COOOL