From petrol to road tax, there are many costs when it comes to owning a car, so finding ways to save money is important and with 77% of households owning a car, simple tips to save on your insurance would be welcomed by many.
So without further ado, here are four simple ways to save money on your car insurance.
Reduce risk
Insurance companies calculate how likely you are to make a claim. To keep your premiums down you should try your best to make your vehicle more secure - this can be done in a number of ways such as having private or secure parking overnight, driving less, or fitting alarms and trackers to your vehicle.
Choose your car carefully
The value, model and engine size of your vehicle has an impact on your premiums, with owners of cheaper, less powerful cars often paying less for their insurance. Older cars may affect your premiums as they are more likely to break down and their security features are not as good as modern cars, for example, an older car is unlikely to possess an alarm or immobiliser.
Pay close attention to policy options
With so many policy options on today's market it can be difficult to choose the best one for you and your vehicle. When browsing the different policies you should consider which add-ons you really need. For example, you may already have breakdown cover through your bank, so paying extra for this feature would be a waste of money.
The way you pay
While paying monthly for a policy may be easier, in the long run you are likely to end up paying more due to interest. Opting to pay a voluntary excess fee in the event of a claim may also be able to bring your cover costs down.
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