If your car insurance is soon up for renewal, there are a number of steps you can take to make sure you are not paying over the odds…
Drive safely & build up your no-claims discount
A record of driving safely & within the rules of the road, will most likely maintain a penalty points free license and result in less or no claims, which Insurers will reflect in your premium. You should also consider the mileage you will actually drive in the year, if you are now working remote part time or full time, you will be driving less and once you make your Insurer aware of this, you may see a reduction in premium.
Do not overvalue the car
Do not over-insure your vehicle, you are wasting money. If an accident results in a write-off, the insurance investigator will base your claim on its current value, not the valuation you declared on the call or proposal form
Check and ask about discounts
There is lots of competition for business in the market. Ask about discounts available, both via the call centre and online, to ensure you get the best price, You might also get a discount for purchasing or holding multiple policies with the same provider.
Paying for your car insurance annually is usually cheaper than paying in monthly instalments. If you pay monthly, your insurer is effectively lending you the money to pay for your cover and interest will be added to your repayments.
Keep your car safe
Keeping your car in a locked garage at night or on your driveway means it is less likely to be stolen or vandalised, and you’ll pay less for your insurance. Adding security enhancing devices such as immobilisers, tracking devices and alarms will also help mitigate risk for Insurers and deliver reduced premiums.
Add a named driver
Adding a partner or spouse or within certain schemed, a more experienced driver (parent) to your policy, may also bring down the cost of your premiums. This is because your insurer will assume driving responsibilities will be shared and you’ll spend less time behind the wheel.
Downsize Your Vehicle
Buying a huge SUV may sound exciting, but insuring a 5,000-pound, top-of-the-line vehicle will often be far more expensive than insuring a small (but safe) lower-cost commuter car. Some insurers will offer a discount if you buy a hybrid or an alternative fuel vehicle.
You can feel good about protecting the environment and save money on insurance at the same time. Find out the exact rates to insure the different vehicles you’re considering before making a purchase.
Is your car insurance up for renewal? Get in touch with Cornmarket today we are here to help! Click here or give us a call (01) 416 0253.
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