Car insurance is usually one of the most expensive things we have to pay for to get a car on the road. For new drivers, the car is often cheaper than the insurance itself! Of course the price is determined on many factors, such as type of car, engine size, age and experience. Insurance companies used to take gender into account, but due to new rules that have banned insurers pricing policies judging by a persons gender, insurance policies for females are set to soar, as they were previously deemed safer drivers than men.
A renewal quote for an insurance policy is likely to be much higher than if you were to take the time to shop around and really find the best deal, however many drivers fail to do so and just accept the renewal quote. Here’s how you can get the best car insurance:
Shop Around For The Best Deals
You can literally save hundreds of pounds when shopping around for a new quote instead of opting to renew your old one. You should however, be careful when doing this as it may seem like a policy is cheaper but it actually doesn’t offer as much protection. Check car insurance comparison sites to do it all for you!
Don’t Add Too Many People To Your Policy
Adding every Tom, Dick and Harry to your policy is silly if they aren’t going to be regularly driving your car. Only add people on to the insurance who will be driving the car on a regular basis, and then if anybody else really needs to use the car they can get insurance for the required time.
Protect Your No Claims Bonus
Your no claims bonuses are the best way to really get your car insurance down, so make sure you properly protect them. To protect your no claims bonus/bonuses you might have to pay a little bit more on your monthly premiums, however it’s worth it considering the amount you’ll save when it’s time to renew! Check your policy carefully to make sure you know exactly what will happen to your no claims bonus should you be involved in an accident, as the term “protected” can mean different things with different insurers.
Choose A Higher Excess
To bring down your insurance payments even more you can say you’ll pay a higher excess towards any damages in the event of an accident. The excess can be recovered if the accident wasn’t your fault. However, remember that if the worst does happen and you have an accident, you will have to fork out the cash you agreed to pay. Make sure you’ll be able to afford it!
Do Less Mileage
Doing less mileage in your car will mean the insurance company you choose to go with will consider you less of a risk as you won’t be on the road as much. You do need to be honest though, so if you bring your annual mileage down make sure you stick to it or it could affect a claim you may have to make.
This post was written by car blogger Alex Jones on behalf of Motorpoint.
