It’s that dreaded time of year once again – car insurance renewal time!
Alongside the rising cost of fuel, yearly MOTs and services and, potentially, covering the monthly cost of the vehicle you drive each day; insurance can be the bane of many motorists in this day and age.
Whether it’s shopping around for the best insurance price, making tweaks to the cover you choose, or modifying how you drive, it’s entirely possible to make the cost of your cover cheaper.
Here are a number of tips to help you drive down (no pun intended) the price of your car insurance!
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Compare Insurance Providers
This may seem like common sense, but a lot of motorists are still lazy and stay loyal to their current provider, and are missing out on huge savings if they had only shopped around!
I’m no different and was surprised when I received an auto-renewal email from my current provider with a larger than expected renewal bill of £602!
Bear in mind my insurance for the previous year was £249. After contacting my current provider over the phone they were unable to beat this price so I ultimately had to take matters into my own hands.
My first port of call was to visit the comparison websites. My go to comparison site has always been comparethemarket.com.
Compare cheap car insurance quotes to see how much you can save by switching insurers. Just remember to make sure you’re comparing like-for-like options, with your voluntary excess set at the same level and including any must have extras that you would normally include.
Not only do you save money on your car insurance, you also get the added extra of 2 for 1 with Meerkat Movies and Meals for a year when you purchase a policy through their site.
Related Post: Get 2 for 1 Cinema Tickets For A Year For £1
Increase Your Excess
When you’re playing about with the options for comparing car insurance providers, increasing the amount you’re willing to pay in the event of a claim is another great way to reduce the cost of your cover. Typically, the higher your excess, the lower your premium – so try experimenting with the excess options to see how much difference an increased excess could make to your annual car insurance cost.
Don’t forget that you must be able to afford your voluntary excess – so don’t commit to an excess you’re unable to afford if you do need to make a claim.
Uncheck Those Extras
Do you really need windscreen cover? Will you be able to get the bus to work instead of paying for a courtesy car?
Removing these optional extras can save you extra money from your premium!
Avoid Paying Monthly
While it can be tempting to spread the cost of your car insurance with monthly payments, it may cost you more in the long run. Many insurance providers charge interest when you choose to pay monthly.
If you would still prefer to pay monthly, you could consider using a 0% interest credit card – just don’t forget to pay the balance before the period ends.