The Big 20: Tips to Help Reduce Car Insurance Quotes Part One 1-10

For the first time in what feels like forever the cost of petrol has sunk below the £1.00 barrier, motorists around the country are rejoicing that we no longer have to break the bank to fill our cars up and already people are starting to fill their cars to capacity whereas they had been putting the bare minimum in to make sure they got to work and back.

But their celebrations may be cut short with the recent news that whilst petrol may finally be on the way down, our car insurance quotes are higher than ever.  In fact over the past 12 months alone most insurance premiums now cost £50 more than a year ago. 

Whilst petrol has risen gradually over the past year it is estimated that over a fourteen year period insurance premiums as a whole have risen by 8 percent each year.

This two part list looks to how you can make savings on your <a onclick=”javascript:ga(‘send’, ‘pageview’, ‘/outgoing/article_exit_link/620097’);” href=”http://www.moneysupermarket.com/motor/”>car insurance</a> by making small changes and it’s these changes that will help shave a few percent off your quotes and as a famous supermarket says: Every little helps!

1 – By driving an older car you could possibly save on your <a onclick=”javascript:ga(‘send’, ‘pageview’, ‘/outgoing/article_exit_link/620097’);” href=”http://www.moneysupermarket.com/insurance/”>insurance</a> as once a car reaches five years of usage its quote drops, if you stick with the car for five years more then it drops even further. 

2 – Cut down on your usage, by stating on your insurance that the car is for “social, domestic and pleasure” means you are not using your car for work or business, meaning you are not going to be on the roads at peak times, plus you’ll save on petrol if you’re taking the bus or train to work!

3 – Keep your car locked away, by keeping your car on your driveway, or better yet, in a garage you’ll save extra money on insurance costs, after all when it comes to car thieves “what’s out of sight is out of mind!” 

4 – With age comes experience, when you reach the age of 21 or 25 you’ll notice a significant drop in your insurance quotes, it gets better when you reach 30 too, quite possibly one of the only advantages of reaching 30!

5 – Drive a smaller vehicle, vehicles with engine sizes under 1400cc are also cheaper to insure, no wonder that so many younger drivers are zipping around in 1.2 and 1.3 litre cars.

6 – If you don’t ask, you don’t get, when applying for <a onclick=”javascript:ga(‘send’, ‘pageview’, ‘/outgoing/article_exit_link/620097’);” href=”http://www.moneysupermarket.com/motor/”>motor insurance</a> quotes it is worth asking the insurer for an introductory discount, when I checked for insurance recently I was offered four years no claims bonus as I was a named driver on my parent’s car for that long.  If you’ve driven a company car and had no knocks then perhaps you could be in for a nice discount.

7 – Offer to pay more, by paying more for your excess (the portion of costs of a claim) in the event of an accident then by offering to front more of the bill your premium will come down too, just try to drive extra carefully!

8 – Pay up front; when it comes to car insurance if you can afford to pay it in one go.  Paying monthly will only end up working out more expensive when you factor in interest.

9 – Use the web, by arranging your insurance over the internet you can shave a few percent, sometimes up to 5% with some providers as when you fill the forms in you’re saving them a lot of work.  Think about it: A bit of paperwork isn’t that bad if it saves you money I the long run.

10 – Your job could be determining the cost of your insurance as some occupations are deemed higher risk.  One instance is how a window cleaner will have typically higher insurance premiums than say, an accountant.



Source by Andy Adams

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