It’s easy to save hundreds of pounds a year on your car insurance, yet most people stay with their existing provider and pay far more than they should. The mistake most drivers make is not taking the simple step of shopping around for the best premium. Instead they just accept their insurer’s renewal quote, which is likely to be much higher.
The good news is that comparing car insurance is simple and easy and you can find the best price in less than five minutes.You can then compare the quality of the policy and have a idea of the best price to negotiate with your existing insurer, if you want to stay put.
There are a handful of ways to help reduce your car insurance costs? Whether you are male or female, old or young, follow our easy steps to lower premiums.
Shop around for the best car insurance
This is the number one way to save on car insurance. Savings of hundreds of pounds can be found if you shop around when you renew your cover.
Be careful though. When shopping around for car insurance, it’s important to make sure that you are comparing like-for-like cover. Some policies may seem cheaper, but you may find you don’t have the same level of cover when you have to make a claim.
Don’t put everyone on your policy
Ensure that only regular drivers are named on the policy. You can always add someone for a few days when they really need to drive the car.
Increase your voluntary excess
Agreeing to pay more towards the cost of any accident repairs will bring down premiums. If you are not at fault in an accident, the excess can be recovered. Beware being tempted to allow it to rise too high, however, especially if you have a lower value car.