Lower your Car Insurance
Lower your Car Insurance
As a car driver it hasn’t escaped my attention recently that my premium is still relatively high, despite being on the road for 20 years, having been under the impression that as I get more years of driving under my belt, my costs would lower over the year. Not so it seems with insurance increasingly rising over the years I am not alone in paying out more than I had expected.
How can I lower my insurance without worrying about being covered adequately? Well, one thing that I have discovered is that there are ways of getting a lower policy and the biggest thing was not to have my premium automatically renewed. Yes, I got my renewal through the post and was staggered to see that it could be lower if I was to take it out as a new policy through a comparison website as a new customer. In fact my new amount was around £100 lower as a new customer then my renewal would have been. One thing I learnt from that was to shop around for the best offer and not to simply renew despite my thinking that as a returning customer I would have proved my worth and have a lower amount to pay this year! For those who are confident that their driving is A1 compared to others, having a black box installed into the car could be another money saving method. You demonstrate your excellent driving standard and this is reflected in the price that you pay in your car insurance. This telematic device will show the level of risk that you pose and records your driving style, rate of acceleration and even the time of day that you will be out on the road can make a difference to your insurance. Worth a go I would say, especially if you are like me and have years of experience.
Another thing to do to help lower your costs is to think carefully about how you word your job title as, and yes, this did amaze me to, your occupation could impact on your car insurance. Now, no one should lie as this is committing fraud but by wording it differently you could be considered a lower risk and there are free online tools on the internet that can show you what job titles could make this important difference to your wallet! It just goes to show what a little research can do, that’s for sure!
As a parent, I will soon need to think about adding my ‘little one’ to my policy in the near future. This I know will increase my policy but what I never considered before is having my partner on my car insurance. As a second driver, it makes a difference to the level of risk of an accident in the car you are covering and it’s worth thinking about the driving ability of that person as well as how many years they have on the road behind them. Simply adding someone else to your insurance may well save them taking out their own cover and save them money, but will add to yours if they don’t have the same level of experience and no claims bonus so another thing worth considering.
All in all, I think I’ve got it sussed and will be putting into practice what I have discovered and hopefully can look forward to having a little extra cash to spare for myself!