Car insurance is often a scary topic particularly for new car buyers as there are so many variables. There are loads of different companies offering cover and while the popularity of certain comparison websites have soared, not all companies advertise on these sites. For example, some of direct companies not quoted on any comparison site but it may be the most cost effective for your needs. So why not try these tips to arranging your car insurance for less:
- 1. Shop around for the best quote. By all means use comparison websites but it also pays to check with direct companies as well. When comparing quotes make sure they offer similar levels of cover. Sometimes they will offer a better price particularly if you can quote a figure from a rival company. You have to negotiate the best price when you join a new insurer as they tend to reserve the best rates for new clients.
- 2. It pays to contact the company who insures your home as often you will get a discount on the premium for the new policy.
- 3. Start building up your own no-claims bonus as early as you can. Car insurance for teenagers is so expensive you often find young people staying on their parents policies rather than taking out their own comprehensive cover. This may be a mistake in the long run unless they are able to build up their individual no-claims bonus under the parent’s policy.
- 4. If you are a young driver, it is often worth taking additional driving courses such as those offered for advanced motorists. You may qualify for a discount on your premium.
- 5. You can reduce costs on your insurance policy by volunteering to pay a higher excess. Rather than pick a figure ask the insurance company to give you quotes based on different excess amounts. Only go with an excess you are comfortable with as you will have to find this money in the event of a claim.
- 6. Only have named drivers on your cover as this will also keep costs down. Open drive policies are relatively rare and usually more expensive.
- 7. If you are female you may benefit from a discount as you are deemed to be less likely to have an accident. If you are in a relationship consider putting your partner on the policy as it can lower the premium. Actuaries believe couples are safer than single people.
- 8. Always tell the truth on any insurance application. Even a “small” lie can invalidate the policy. If you do not know the answer to a medical query ask the company to check with your doctor as then you are cannot be accused of non disclosure.
- 9. If you have insurance in place and get a speeding ticket or are convicted of a criminal offence contact your insurance company straight away. They will need to update your details and it may result in an increased premium.
- 10. Pay your annual premium in one lump sum as it is usually cheaper than paying monthly by direct debit.
- 11. Contact a local insurance broker to see if they can get a better car insurance quote than you have managed to find. They know all the best companies to contact and they are usually aware of any special deals that are offered such as cheaper home insurance when you buy car insurance. Using an insurance broker is, in a lot of cases, a better option because you receive a more personal service.
When you arrange your insurance cover always make sure you read the document carefully so you know the full extent of your cover and your liabilities.