Have you ever wanted to save money on your car insurance policy? Affording the insurance bills can be a struggle, for many people; after all, with the average annual cost being over £400, it’s not a small bill. But this shouldn’t have to leave you struggling – and there are plenty of simple steps you could take to help with this.
6 Tips to Save Money on your Car Insurance Policy
Need to save money on your insurance? Make sure you give the following six tips a try to help inform your decision.
#1 Shop Around
First up, one of our most vital tips is also incredibly simple: make sure you shop around to find which provider offers the best plan for your vehicle.
In many cases, there can be a huge amount of difference between insurance providers and plans. This can massively impact how much you pay. Thus, where possible, try to compare quotes from multiple insurance companies to find the most affordable option for your requirements. A car history check makes this process of checking effortless by providing the insurance group for any vehicle registered in the UK free of charge.
#2 Look for Offers
It’s not uncommon for insurance companies to offer bonuses for new customers or those switching from one provider to another. As such, changing up your plan is sometimes a good idea to capitalise on these offers. Don’t just accept your current package; often, loyalty bonuses aren’t worth as much!
#3 Focus on Security
Protecting your car is a simple but highly important way to keep your car insurance policy down. Not only does this reduce the chances of getting broken into – which could leave you having to claim – but it can potentially even give a discount on your bills.
For example, car alarms and GPS tracking are great ways to reduce the risk of your vehicle getting damaged or stolen, making this a highly important step to take as part of your decision.
#4 Don’t Claim for Unnecessary Things
Sometimes, a claim is crucial – but other times, you may actually do better financially to pay out of your own pocket instead. Many insurance companies will put your prices up if you begin making claims, notably by impacting your no-claims discount.
#5 Consider a Black Box
If you’re generally a slow and cautious driver, adding a black box to your vehicle can be something of a no-brainer. This simple step allows you to save a vast sum on your insurance in exchange for speed monitoring – but, of course, it comes with the trade off that you’ll be penalised if you start going over the speed limit!
#6 Focus on Good Driving
Even if you don’t go for a black box, getting into an accident or driving recklessly can increase your costs significantly. As such, taking steps to ensure you’re driving safely and comfortably can make a big difference when it comes to your premiums.
Final Thoughts
If your car insurance bill has been leaving your wallet feeling a little light, don’t panic; today’s six tips can help make your decision a little easier. And, of course, there’s always the option of changing your car; switching to a vehicle from a different insurance band will undoubtedly help if you have a costly model.