The car insurance market is becoming increasingly competitive year on year, which is good news for you and me. There are however, still some things that your potential insurer won’t go out of their way to tell you. Here are 10 ‘car insurance secrets’ that could help you lower your premiums.
1. Many insurers average yearly mileage at 12,000 miles. If you don’t drive anyway near this amount, you should tell your insurer as it could reduce your premium. Many reduced mileage polices offer significant yearly savings.
2. If you don’t use your car to travel to work, let your insurer know. Many standard polices can be reduced if you do not commute to a workplace whilst under it’s cover.
3. If you are used to ringing insurers for quotes, try their equivalent online websites. Virtually all insurers offer additional discounts for policies taken out online (up to 15% extra!) and this is something they don’t bother to tell you on the phone.
4. If you have an older car that is nearing the end of its useful life, it may not be worth taking out comprehensive. Third Party, Fire & Theft still covers you for everything but something that is your own fault and can save you huge sums of money on your premium.
5. You may find you get a higher than expected quote from some insurers. This is because they only tend to sell to certain groups of people. If you think your quote is too high, shop around, as it may well be cheaper elsewhere.
6. If your car is garaged overnight rather than parked on the street or drive, you could significantly reduce your premium.
5. If other people are going to drive your car do not opt for “any driver”. Named drivers on a policy will normally make it significantly cheaper
7. If your policy offers a hire car in the case of a claim, you can ask for it to be removed if you think you can manage with public transport or lifts from other people. With many policies this will result in a reduced premium.
8. Female drivers are statistically less likely to have accidents. If you are a women, get a quote from a firm that specialises in covering female drivers, you could be pleasantly surprised.
9. Try not to cancel your car insurance halfway through a year. Only full years count towards your no claims bonus, and building up your NCB is one of your best ways to reduce your car insurance costs.
10. Always mention any extra security devices you have fitted. These can reduce premiums especially if THATCHAM approved.