Never assume
that loyalty is rewarded by cheaper car insurance.
Car insurance companies often offer great deals for new customers but make big increases
in the second year. An example of this is the car insurance on my wifes car which was due last week. 12 months ago she
got a great deal on her motor insurance and this time around they wanted 20% more. A quick search showed that as a new car
insurance customer the price would be 18% less.
Consider
buying online
The best deals are often to be
found online as it is a lot cheaper for the companies and discounts for online car insurance purchases can be as high
as 20%
Don't rely on comparison sites always offering the best deals
on car insurance.
The likes of moneysupermarket, confused etc are paid a commission if you take out car
insurance through them and not all companies use them. A recent example of a deal which was not available on comparison sites
was from Tesco Car insurance who offered all new customers a £40 gift card but the terms stated the offer was not
available for customers using comparison sites. Also remember that companies like Direct Line only deal direct so their insurance
offers are never available on comparison websites.
Pay a bigger excess if you really are after cheap
car insurance. (but if you have an accident prone history you might want to ignore this one)
By paying a bigger excess you
can and will reduce your annual car insurance premiums.
Think whether
you need the extras that are sometimes included.
If you really want cheap car insurance go for basic policies not the premium car insurance
policies that include things like courtesy cars , breakdown cover and windscreen cover.
Car
valuation
When you enter the valuation don't value it at more than it is worth
as should you have an accident where the car is written off the insurance company will only pay you the market value. (don't
undervalue the car either)
Car Mileage
Give the true figure as you don't want to over estimate your annual mileage as this can lead to a higher car insurance
premium.
Annual or monthly payments.
You will sometimes
find you can save a bit in the search for cheap car insurance by paying annually rather than monthly.
Second
Car Driver.
Sometimes something as simple as naming a second driver whith a good driving history can lead
to reduced premiums and cheaper car insurance.
Advanced Skills
Some car insurance companies
will give you a discount if you are a member of something like the Institute of Advanced Motorists.
Car
Security
If your car has extra security like an alarm or immobiliser this will often help in
your quest for cheap car insurance.
You will also find discounts available if you garage your car at night or park
it on your drive.
So hopefully now you too can benefit from cheap insurance!! 