One of your highest expenses for driving a car will be your car insurance, and it’s not like it’s something you can ignore, it’s a law that you have some level of insurance. But you still don’t have to just blindly pay anything an insurer quotes you. You have several ways of bringing those costs down, and lowering those premiums.
Shop And Buy Online – Statistics show that a lot of people just keep renewing the policies they have without ever shopping around. Today we have the Internet, and things have gotten much easier when it comes to shopping around. The competition for your business online has caused the prices of many things, including insurance, to lower substantially. If fact, many place offer to discount your insurance as much as 10% for buying online.
Drivers – More drivers on your policy adds up to more money to pay for that policy. Lower how many people are insured for driving your car. Keep this figure at a minimum and use the people who carry the lowest amount of risk. If your car is being driven by a man and a woman, if you insure it under the woman’s name you will probably get a cheaper rate.
No Claims Discounts – Most all policies will feature some kind of discount that will increase each year you have the policy and make no claims. Look for insurers who offer you ‘no claims bonuses for life’ features. This way your current level of discount is fixed forever, regardless of whether or not you make any claims.
Mileage – The higher your mileage for each year, the higher your insurance. But even if you aren’t able to lower your mileage, check to make sure that you aren’t over-estimating the amount of driving you actually do, so you can give the insurer a figure that’s accurate.
Policy Type – Is it absolutely necessary for you to have a comprehensive policy along with all the extras? You should go for third party policies for fire & theft. This will lower you premiums a lot. This is especially worth considering if your car is not expensive.
Security – You can fit your car with an alarm, use an immobilizer, or any other types of security devices and get premium reductions. If you park your car ‘off-road’ like in a garage, this too can net you a cheaper policy.
Paying Annually – Some insurers will charge interest for paying monthly, so by paying annually you can avoid these charges. If you can, try to deal with a company who doesn’t make these charges for paying monthly.
The best way to find insurance is online. You can get quotes and good deals just by doing a few simple searches.