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Car insurance is an essential cost for any driver, but that doesn’t mean you have to pay over the odds. With some knowledge and savvy choices, you can keep your premiums low without compromising on cover. Here are ten practical tips for securing cheap car insurance.
1. Shop Around for Quotes
Never accept the first quote you’re given. Compare prices from multiple insurers online to find the best deal. Price comparison sites make this quick and easy but check direct providers too, as they may offer exclusive deals.
2. Choose the Right Car
The make and model of your car significantly impact your insurance costs. Smaller, less powerful cars are generally cheaper to insure, so if you’re looking for a new car, keep this in mind.
3. Increase Your Excess
Voluntarily increasing your excess – the amount you pay towards a claim – can lower your premium. Just ensure you can afford the excess in case of an accident.
4. Build a No-Claims Bonus
The longer you go without making a claim, the more discounts you’ll earn on your insurance. Drive safely and avoid minor claims to benefit from this.
5. Install Safety Features
Fitting your car with approved security features, such as immobilisers and tracking systems, can deter theft and lower your premiums. Some insurers even offer discounts for specific devices.
6. Pay Annually
While spreading the cost with monthly payments might seem convenient, it often incurs additional interest. Paying for your insurance in one lump sum is usually cheaper overall.
7. Consider Telematics
Black box or telematics policies monitor your driving habits, rewarding safe driving with lower premiums. These are particularly beneficial for young or inexperienced drivers.
8. Avoid Modifications
Customising your car with modifications like alloy wheels or performance upgrades can hike up your premium. Stick to the factory specs to keep costs down.
9. Add a Named Driver
Adding an experienced driver to your policy, such as a parent or partner, can sometimes reduce your premium. Ensure they drive the car occasionally, as misuse of this tip could invalidate your policy.
10. Only Pay for What You Need
Don’t over-insure yourself. Assess whether you need extras like breakdown cover or legal protection, as these can often be sourced separately at a lower cost.
By following these tips, you can save significant car insurance savings without cutting corners on coverage. At Cargiant, we believe in helping drivers make smart, informed decisions, so you can enjoy the roads without breaking the bank.