8 Easy Routes to Cheaper Car Insurance - Ratinah

Cheaper Car Insurance - Car insurance is one of the most expensive costs involved in driving a car, and it's not something you can avoid - a minimum level of insurance is required by law. That doesn't mean you have to blindly pay whatever your insurance quotes though, as there are several simple things you can do to reduce the cost of your premiums.

8 Easy Routes to Cheaper Car Insurance - Ratinah

Car insurance is an expense that no driver can avoid, but there are some simple ways to reduce the cost as much as possible. Try these 8 ideas to see how much you could save.

1. Shop and buy online

Figures show that many people simply update their current policies without shopping. The internet makes it easy to compare prices from different insurance companies, so why not take advantage of this? Plus, you'll usually get a discount of 10% or more just for buying your policy online.

2. Policy type

Do you really need a comprehensive policy with all the extras? Using a third party fire & theft policy can greatly reduce your premium, and is definitely worth considering if your car is not an expensive model.

3. No claim discount

Almost all policies have a discount that increases every year you don't make a claim. The higher the discount available, the more you can save. Also check out insurance companies that offer a 'lifetime no claims bonus' feature, where your current discount rate can be fixed forever, even if you have to file a claim somewhere.

4. Advantages

The excess on the policy is the amount of claims you have to pay before the insurance company pays the rest. Choosing to have a higher-than-standard excess rate usually means lower premiums.

5. Security

Fitting your vehicle with an alarm, immobilizer, or other safety device can result in a reduced premium. Parking your car off-street, for example in an driveway or in a garage, also means a cheaper policy.

6. Pay annually

Many insurance companies charge you interest for the privilege of paying monthly installments. Pay annually if you can afford to avoid this, or find a company that doesn't charge extra for monthly payments.

7. Mileage

The more mileage you cover each year, the more your insurance will cost. Even if you can't reduce your mileage, make sure you don't overestimate how much you actually drive, and give your insurance company an accurate number.

8. Driver

The more drivers you have on your policy, the more it will cost. Keep the number of people insured to drive your car to a minimum, and try to get a policy in the name of the driver with the lowest risk profile. For example, if a car is driven by a man and a woman, insuring it in the woman's name often results in a cheaper offer.

That's 8 Easy Routes to Cheaper Car Insurance - Ratinah


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