How To Reduce Car Insurance Premium
Today we are gonna discussing about how to reduce car insurance premium .so if you want to do that you should stay tuned if not then you probably press the wrong button and you should go and do something else so I’ll get straight into it and the important thing to remember is that each tip that i’m going to give my only save you 10 pounds 20 pounds 30 pounds each, but when you combine them together you could be looking at savings of 200 pounds or if you’re a young driver maybe even a thousand, and so I’ve been through a typical car insurance form and i’m sure you’re familiar with this type of thing yeah you answer maybe 30 or 40 questions and then you get your quote at the end of it .So the manufacturer and model would be the the first place to start.If you buy for example it jaguar it’s going to be more expensive to insure then if you buy a Ford for example.So each car gets a rating from one to fifty one being the lowest which is the cheapest to ensure and fifty being the highest which is the most expensive to insure and equally for the for the model.
If you buy a Ford Mondeo which is a big Ford and sometimes with bigger engines that will be more expensive to insure then if you buy a Ford Fiesta for example and the next thing to look at is engine capacity. With regards to this the generally the lower the engine capacity the chief of the insurance, you sure you don’t need me to tell you that one and but you’ll also be looking at savings here with regards to tax and fuel and so there’s a sort of bonus savings that one.Modifications I’ve never bought a modified car and I’ll I’d never modified a car and so we know that that puts up insurance premiums if you want to do that, you have to accept that you’re not going to make the same thing there.Alarm and tracking device so basically if you have them and they reduce premiums and even if even if they’re after fitted they will reduce premiums if we don’t have them you’re considered to be higher risk and you’ll pay more insurance.So the next tip i think is a really important one that people don’t always that they sometimes overlooked it and your mileage.So in the UK i think the average annual mileage is round about 10 or 11,000 personally I don’t commute to work using my car and I looked into it and I realized that I only actually drive round about 6,000 or fewer miles per year so I don’t put that on my form and it reduces the rest of the insurance company and in my case probably on one half the risk because I Drive half the miles per year.Another good tip is where do you keethe car if you have a carriage and that’s a great place to keep the car and you know if you have one clear it because it’s costing you money to just store your stuff in there and but the important thing to remember withthat if you do put on the form that you keep the card averaged.Car Insurance Premium
If you them for example one night don’t keep it in the carriage and someone steals it you put her in validated your policy so whatever you write on the form must be true must be accurate and you must stick to it.No claims discount so no claims it’s very important that you get it in your own personal name I had something happened to me where I was slightly misled by an insurance company.But yes very important that you have it in your own name.Convictions so usually you get a question that says have you had any speeding convictions or anything like that in the last five years now obviously you can’t lie about this if you if you have them you have them and that the way I I think about is when i’m actually driving the car you know if ever I went 31 miles an hour in a 30 zone I’m risking your getting an endorsement of penalty and then I will have to tell the insurance company.
When you’re coming up to a set of lights if you know the lights change and you’re thinking we should i go or not it’s a bit border line just stopped because if you get flash going through for the next five years you’re going to have to tell the insurance company and you’re going to pay for it.The tree and we’ve got two additional drivers so this is a particularly a good one if you’re quite a high risk yourself so say for example you’re a young driver you just starting out and if you add for example a parent who’s got a better driving record this will reduce the price of of the insurance because if a parent drives the car you can’t be driving it so the risk is reduced the insurance company prefers to have someone who is perhaps a more experienced driver than someone who’s new at a they prefer to have someone who doesn’t have a hasn’t had any convictions for driving through red lights for example.Cover type this is simple depends on the car you have and what level of cover you want but basically third-party fire and theft is cheaper than comprehensive insurance.Excess this is another good one this is the amount that you would pay if you have an accident so the higher you’re willing to go on this the lower the premium obvious.
Your payment vs monthly payment now not everyone can afford to pay their car insurance every every year they they might want to pay it by the month because they don’t have enough money perhaps.If you can avoid doing that you should because if you pay monthly it cost you more money at the end as simple as that and and you’ll notice in your bank account at the end of the year.If you check it admin challenges this is what you can get done on quite easily and so I i got quite a chi quote once and I was quite pleased with myself driving around and then one day I had to tell them about a change of address i think.
It was and just to change the details when I found them up and they charged me i think it was about 30-something pounds and it just thinking god that’s as a huge chunk of it the actual premium love just paid so don’t get caught out on that one I mean obviously you do have to tell them if you change your address but if there’s anything you can avoid and you can tell them at the beginning then you should . add ons and so that often ask you it at the end if you’re speaking on the phone and if you want motor legal protection breakdown cover wind screen cover curtsy car and basically these things might be useful you might decide that you need them but all of these things will add to your premium so just remember when they’re asking you if you take that box yes I want that I want that it’s going to cost a little bit more and the final tip I’ve got is to shop around if you use and price comparison websites they will bring down the cost of the premium well it you’ll get a list of all the different prices some will be cheap some will be expensive but if you just stay with the same insurance company they will increase the price each year usually and which I find quite a quite annoying that they don’t reward loyalty but if they don’t reward loyalty you don’t give them wanting a simple as that.