Car insurance is a nuisance each time it comes around and many people have experienced increasing prices. Insurance policies take many factors into account so if you are a young driver or have had previous claims then unfortunately your insurance may be more than others. However there are a few ways you can help the cost come down.
6 ways you can keep the cost down
Avoid Auto Renewal
The best way to keep costs down is to compare new deals each year your insurance expires. Using comparison sites to find insurance and having the option to switch each year can save you money.
Consider installing security features
This includes either a black box or a dash cam which can track and monitor your driving. With a black box you will have to adhere to their guidelines which could be no driving after or before a certain time of day as well as strictly sticking to speed limits.
Agreeing to have either of these will often reduce your insurance cost.
Having off-road parking
Where you park your car especially overnight is factor into the cost of your insurance. Having your car parked either on the road or in a riskier area will bump up the price because of the increased chance of a claim.
If you don’t have a driveway then you could ask someone nearby who doesn’t have a car to use theirs.
Add a named driver
If you are a young driver then this will be important for you and can drastically bring down costs. Having an experienced driver with no claims on your insurance can bring down the cost as when they are driving there will less chance of a claim according to insurers.
Pay annually
- Pay annually
Paying your bills monthly is more affordable for many as it is a large sum of money. However, if possible you could save money in the long run by paying it in one large chunk at the start of the policy.
Don't pay over the phone
You might find it easier to talk to a person and organise your insurance. Unfortunately, this will cost you more than finding the deal online and paying this way too.
Even if you find a quote to discuss with them on the phone the price will go up. This is because they have to add on to cover their commission.
So avoid an extra fee and pay online.
