Looking for ways to cut your insurance costs? Well look no further! I hope you will find these 10 handy hints help you to get the best budget car insurance in the UK.
1. Shop around. This is vitally important as most insurance companies only offer the best deals to new customers. Studies have found that you can save around 100-130 when renewing your policy if you shop around. With the recent upsurge of price comparison sites, gathering many different quotes has never been easier. One word of warning though, make sure the policies you get quotes for include everything you require, such as guaranteed courtesy car and legal cover.
2. Protect Your No Claims Bonus. Although this might result in a slight increase in the initial cost of your policy, it's a worthy investment just in case the worst happens and you have an accident. You can potentially lose up to 60% discount on the price of your policy.
3. Do Your Research. When buying a new car, make sure that you check if the difference in make/model/spec has any effect on the premium. The larger the engine or sportier the model, the higher your premium will be. (Not to mention increases in road tax and petrol consumption!).
4. Improve Your Driving Skills, and reduce the chances of having an accident. Consider taking an advanced drivers course, many insurance companies will offer further discounts for completion one of these courses.
5. Keep Your Car in the Garage. Many of us have a garage that is so full of rubbish that we choose to keep our cars on the road. To save more money on your insurance, clear it out and use it for your car. The chances of theft decrease drastically when your car is kept in the garage rather than on the road, so insurance companies will reduce your premium as a reflection of this.
6. Don't Speed! If you have speeding fines or penalty points on your licence, insurance providers will certainly charge you at a higher rate than if you were a law abiding driver as you are considered at higher risk of having an accident.
7. Fit a Car Alarm and Immobiliser. Unfortunately it's true that car theft and break-ins are common occurrences in most UK towns these days. Reduce the likelihood of this happening to you by fitting a car alarm and immobiliser - this will result in you having to pay less for your insurance policy.
8. Multiple Policy Discounts. Many insurance companies will now offer you a further discount if you hold more than one policy with them. For example, if you have your household and car insurance with one company you can benefit from discounts of around 10%. The may also offer a 10% discount if there are multiple cars in one household as you can now put all these on one policy rather than having a separate one for each car/driver. The competition is fierce and they have to look at new ways to entice customers, great news for us money savers!
9. Increase Your Voluntary Excess. All policies will have compulsory excess amounts, which you have to pay if you've had an accident. If the accident isn't your fault you will be able to claim this back, but if it is then you will have to pay your excess. However, you can choose to voluntarily increase your excess so that you can get a reduced premium. This can be a very worthwhile exercise as many of us go for years without having to make a single claim.
10. Buy Your Policy Online. Finally, when you buy online you can often get a discount from the insurance provider. Not only this, you can also get paid cashback on the value of your policy. There are many cashback websites out there now that will share their commission with you if you sign up and buy your policy via their website. For more details on how this works, please
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