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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Visit the
UK Car Insurance Company Directory for more
tips and information.

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