5 Steps To Cheap Car Insurance Premiums - Car insurance coverage is compulsory, but you won't have to pay in excess of you should. A few simple steps joined with some time surfing for competitive motor insurance rates can really save you serious money at renewal time.
Step 1 -Cut the Risk and Cut the Cost
The simplest way to cut your automobile insurance premiums is to take the risk and accept a higher voluntary excess. An insurer's standard excess might be £100 but when you satisfy the first £250 of the claim, you can see a reduction inside your premium. This is because you are taking on more of the danger so you get yourself a discount. But it's a gamble, know that you might have to match the cost of a broken window after an attempted theft or perhaps a bill for repairing bodywork damage from a car park crunch.
Step 2 -Security Means Savings
Fitting security devices can even lead to cheap car insurance premiums. All major insurers demand Thatcham rated security equipment, often a minimum of a burglar alarm. If you live inside a high-risk area for car crime, it's wise to fit extra security. It helps save money once your insurance renewal arrives and gives you extra comfort.
Step 3 -Annual Mileage, Less Means More in Your Pocket
If your annual mileage is, 5,000 miles or less, ask insurers whenever they offer reductions in price for agreed mileage restrictions.
Step 4 -Named Drivers Trick
Adding a named driver for a policy can increase or decrease your premiums dependant on the named drivers age, sex and record. Adding a little daughter driver increase your premiums, particularly using a limited or poor record. However, adding a person over 3 decades old using a long and clean driving history can cut premiums, specifically if the named driver is female!
Step 5 -Shop Around and Save Even More
The biggest motor insurance savings result from shopping around. There can be massive differences between your lowest and highest automobile insurance quotes for a similar car and driver(s). Start off using good comparitive online quotation sites, get their best quotes and go direct to your cheapest auto insurance policy company for additional specific quotes.
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So the next time your renewal quote arrives, don't just accept it and provides your money away towards the insurance company. Use the steps above and have the right cover at the appropriate price to get Cheap Car Insurance Premiums.