by: Kev Higgnis
Car insurance premiums
rise year after year. Although your car
insurance premium largely depends on your car,
age and discount there are a few steps you can
take to help stop the rise or even reduce your
Although your auto insurance premium largely depends on your car, age and discount there are a few steps you can take to help stop the rise or even reduce your premium.
1. Buy from the internet.
Most companies offer a discount for online
applications as this is automated process and
costs them a lot less to process your
application, you can usually see discounts of
5%-10%.Click here to get a instant online
2. Shop around. All
insurance companies use different formulas to
calculate your insurance premium by adding or
detracting money after each question the ask
you.By shopping around you could find big
savings on your insurance premium.
3. Buy extra products.
Most insurance companies also do other insurance
products ie "Building's and content's
insurance". Most insurance companies will give
extra discounts for purchasing more than one
product, by doing this you could save a fair
amount on all your insurance premiums.
4. Pay your insurance
premium in one go. By paying your insurance
premium in full you can avoid paying costly
interest charges that would be added if you paid
your insurance premium by installments. Some
insurance companies may charge as much as 15%
APR on installments. You may even receive a
discount for paying in full.If you can not
afford to pay in full check out what rate a
small loan would be you may still save some
money. Fill out a online loan application.
5. Increase your voluntary
excess. Your excess is the amount paid by you in
the event of a claim, by increasing this your
insurance company should reduce your premium.
6. Lower your annual
mileage. Lowering your annual mileage can reduce
your premium, most insurance companies will
quote you for around 12,000 miles a year. Try
and work out how many mile's you will do if it's
likely to be less you may get a discount. Be
honest about this as your insurance company may
ask to see old MOT'S and service history to
verify your mileage in the event of a accident.
7. Have a Alarm,
Immobiliser or Tracker fitted. Theft of and from
your vehicle play a major role in the
calculation of your insurance premium. Having a
alarm or immobiliser fitted will give you a
small discount to your premium and having a
tracker fitted could make you quite a saving.
8. Take the advanced
driving test. Passing your advanced driving test
will show your insurance company that you have
extra skill when driving and are less likely to
be involved in a accident.
9. Don't inflate the value
of your car. Adding extra value to your car when
you apply for your insurance quote will do
nothing for you apart from increase you premium.
In the event your car is stolen or written off
you will only be paid the market value of your
car at the time of your accident.
10.Look after your credit
rating. Insurance companies are now looking at
your credit score as part of the calculation for
your insurance premium. Maintaining a good
credit rating could avoid unnecessary additions
to your premium.
11. Insure your car Third
Party Only. Third party only is the minimum
cover you are required to have by law it's also
the cheapest. If your vehicle is of a low value
then you could consider this type of cover. You
need to remember that with this type of cover if
you was to have a accident that any damage to
your vehicle would not be covered for repair.
12. Keep a clean license.
Insurance companies take driving convictions
very seriously and can dramatically increase
your car insurance premium, by maintaining a
clean license proves to the insurance you are a
safe and careful driver.
13. Remove any unnecessary
drivers. If you have a young driver on your
insurance policy that no longer use's the
vehicle you should remove them as this will
reduce your premium.
14. Young driver's add a
older driver. Some insurance companies will
reduce young drivers premiums if they have a
older named driver on the insurance.
15. Build up your
no-claims discount One of the biggest factors
affecting your car insurance premium is the
number of years no-claim's discount. You could
receive up to 75% discount for around 5 years of
no claims. The more years you can stay claim
free the safer driver your insurance company
will see you as.
16. Protect your no-claims
discount. Although this will increase your
insurance premium if you have a lot of years of
no-claims you may want to protect this as a
small claim may increase your premium by up to
17. Buy a lower insurance
group car. A very important factor to your
insurance premium is what car you drive. Most
insurance companies adopt the Association Of
British Insurance Group Rating. This rates
vehicle's from 1 - 20 generally speaking the
higher the group the higher the premium. By
buying a car with a lower group rating can lower
your premium especially for young or
18. Join a car club. If
your vehicle is a classic or specialist consider
joining a club related to your car most clubs
offer insurance schemes which have very good
19. Put your spouse as a
named driver. Some insurance companies offer
discounts when you add a spouse as a named
driver as opposed to unmarried couples, they see
marriage as a sign of stability and associate
stability with safe driving and there for give
you a discount.
20. Take pass plus. If you
are a new driver consider taking your pass plus.
some insurance companies could give you as much
as a 25% discount and when you have just passed
your test and have no no-claims this could make
a considerable saving.
An auto accident can be costly, even more if you don't have an insurance policy. Get auto insurance quotes today and begin saving money tomorrow! Get up to 4 auto insurance quotes from with our instant online insurance application.