20 Tips and Ideas for Cutting To Cheaper Car Insurance - Ratinah

Cutting To Cheaper Car Insurance - Car insurance premiums go up from year to year, Although your auto insurance premiums are highly dependent on your Car, Age, and discount, there are steps you can take to help stop the increase or even reduce your premium.

20 Tips and Ideas for Cutting To Cheaper Car Insurance - Ratinah

1. Buy from the internet

Most companies offer discounts for online applications because it is an automated process and it costs much less to process your application, you can usually see a 5%-10% discount. Click here to get an instant online insurance quote

2. Shopping

All insurance companies use a different formula to calculate your insurance premium by adding or subtracting money after each question asked of you. By shopping, you can find great savings on your insurance premiums.

3. Purchase additional products

Most insurance companies also carry out other insurance products namely "Building and content insurance". Most insurance companies will provide additional discounts for purchasing more than one product, by doing this you can save a reasonable amount on all your insurance premiums.

4. Pay your insurance premium at once

By paying your insurance premium in full, you can avoid paying the expensive interest costs that will be added if you pay your insurance premium in installments. Some insurance companies may charge up to 15% APR in installments. You may even receive a discount for paying in full. If you can't afford to pay in full, check what the small loan rate is, you may still save money. Fill out an online loan application.

5. Increase your volunteer strength

Your excess is the amount paid by you in the event of a claim, by increasing this your insurance company must reduce your premium.

6. Lower your annual mileage

Lowering your annual mileage can reduce your premium, most insurance companies will quote you for about 12,000 miles a year. Try and figure out how many miles you would do if the odds were less you might get a discount. Be honest about this as your insurance company may ask to look at your old MOT and service history to verify your mileage in the event of an accident.

7. Install an Alarm, Immobilizer, or Tracker

Theft to and from your vehicle plays a major role in calculating your insurance premium. Installing an alarm or immobilizer will give you a small discount on your premium and installing a tracker can save you quite a bit.

8. Take the advanced driving test

Passing your advanced driving test will show your insurance company that you have extra skills while driving and are less likely to be involved in an accident.

9. Don't increase the value of your car

Adding extra value to your car when bidding for insurance will do nothing but increase your premiums. If your car is stolen or deleted, you will only pay the market value of your car at the time of your accident.

10.Watch your credit rating

Insurance companies now look at your credit score as part of calculating your insurance premium. Maintaining a good credit rating can avoid adding unnecessary premiums.

11. Insure Your Car Third Party Only

Only third party is the minimum coverage you should have by law it's also the cheapest. If your vehicle is of low value then you may consider this type of coverage. You should remember that with this type of coverage if you get into an accident the damage to your vehicle will not be covered for repairs.

12. Keep Company license clean

Insurance takes driving confidence very seriously and can dramatically increase your auto insurance premium, by maintaining a clean license proving to your insurer you are a safe and careful driver.

13. Remove unnecessary drivers

If you have young drivers on your insurance policy who are no longer using the vehicle, you should remove them as this will reduce your premium.

14. Young drivers add older drivers

Some insurance companies will deduct young drivers' premiums if they have an older driver's name on the insurance.

15. Increase your no claims discount

One of the biggest factors affecting your auto insurance premium is the number of years discounted without claims. You can receive discounts of up to 75% for approximately 5 years without claims. The longer you can stay the safer driver free claims will be seen by your insurance company.

16. Protect your no-claim discount

While this will increase your insurance premium if you have many years without a claim, you may want to cover this as a small claim can increase your premium by up to 75%.

17. Buy a lower insurance group car

A very important factor for your insurance premium is what car you drive. Most insurance companies adopt the UK Insurance Group Association Rating. It rates the vehicle from 1 - 20 in general the higher the group the higher the premium. 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 classic or specialist, consider joining a club related to your car, most clubs offer insurance schemes that have very good premium rates.

19. Place your partner as the mentioned driver

Some insurance companies offer discounts when you add a spouse as a named driver as opposed to an unmarried couple, they see marriage as a sign of stability and associate stability with safe driving and are there to give you a discount.

20. Take the plus pass

If you are a new driver, consider taking your plus pass. Some insurance companies can give you a discount of up to 25% and when you have just passed the exam and have no claims this can save you quite a bit.

That's 20 Tips and Ideas for Cutting To Cheaper Car Insurance


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