Now is a more important time than ever to find ways to save money on your car insurance. If you own a car you will be more than aware of the huge costs involved in addition from rising fuel prices, maintenance to repair costs. Car insurance is now the main day-to-day cost for many UK motorists however you can cut your motor insurance premiums by following the tips and advice in this guide.
1. Choose Your Car Carefully
Most of you will already own a car however for those who haven't yet purchased a car and those considering an upgrade it is always important to factor in costs involved in running the car especially the motor insurance premiums it is likely to attract. All cars are rated on a scale of 1 to 20; a Group 1 car would be a Ford Fiesta 1.25 and at the other end of the scale, a BMW 5-Series M5 Group 20.
2. Location, Location...of your car
After your car choice the next major factor that affects your premium is where you live. If you stay in a city it is the riskiest place for insurers therefore premiums are higher. Those living in or considering a move to the countryside can expect to see their car insurance premiums reduce by as much as half. You can receive a small discount for storing your car on your driveway or if is kept in a garage overnight you can expect a much bigger discount. It is also possible to get a discount on your car insurance premiums by agreeing to a limited annual mileage.
3. Protect Your No-Claims Discount
Once you start to build your no-claims discount you can expect substantial discounts on your insurance premium and those who have several years no-claims can benefit from very cheap car insurance. If you lose your no-claims it is a disaster as insurance premiums will rise drastically however some insurance providers recognise even the most careful drivers can have bad luck and end up in an accident once in a while and offer a "protected discount", for a small charge, once you have reached the highest level of no claims discount.
4. Add Security
You can use a steering wheel lock to protect your vehicle and give you peace of mind unfortunately though it won't reduce you car insurance premium. To bring down your premium you need to install a pukka immobiliser; which is of 'Thatcham Category 1', the highest level of security. Its worth researching to see the impact on car insurance premiums however as it's expensive it may only be worth doing if you car is of high value.
5. Shop - Compare before buying car insurance
Car insurance is a highly competitive market and is available from a huge array of providers. The quickest and least stressful way to search the market is to use a comparison site which will allow you run a detailed search, giving you quotes from the car insurance providers without having to do the leg work yourself and allow you to compare in detail the offers and features of the different car insurance companies. Taking just a few minutes to run a search can potentially save you hundreds of pounds on your car insurance!
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