7 ways to make your car insurance cheaper
Published Sun, Feb 12, 2012 Updated Tue, Feb 16, 2021
Car insurance can be incredibly expensive. But there are lots of ways you can reduce your premiums by a significant amount. If you put all the following tips into action you could see an impressive reduction in the amount you have to pay.
Shop around for quotes
When your renewal falls due, don’t just pay it. Make sure you shop around to get the best price you can. Don’t be afraid to play one company off against another either. If you are lucky you might be able to go back to your current insurer with a cheaper quote that they can match. Shop online too because this can also reduce the cost of the quotes you get.
Change your driving habbits
The less you drive the less likely you are to have a crash, simple as that. So why not try to think how you could lower your mileage? This will save you money on fuel anyway, but it might also mean your insurance is cheaper.
Keep your car safe
If you have to keep your car on the road overnight then there is not a lot that you can do about that, but if you do have a drive, or even a garage you should do your best to clear a space – parking your car in the garage behind a secure garage door will make it lower risk for insurance and it will also save you money on maintenance.
Ok, seriously this is not the most important reason to drive sensibly, but every time you drive carelessly you take the risk of massively hiking your insurance premiums for the following year. Even accidents that are not your fault will probably cost you money, so all the more reason to be extra vigilant.
Get a higher deductible/excess
This is the amount you’ll need to pay if you are ever involved in an accident that requires repairs to be done. If you up the level of your deductible even by a small amount, it can have a huge effect on the insurance premium. Experiment with the amount to see how much you could save; this is easily done online.
It’s not just about a potential claim costing your insurer less (because you are paying a bit) but it also shows the insurer that you have a bigger financial incentive to drive carefully.
Don’t get a super car
Okay most of us wouldn’t have the budget to do this anyway. But there are still differences in insurance premiums between budget cars and those that are a little more expensive to buy. Of course you want to have a car you can rely on, but at the same time you don’t want to have something so expensive that it means paying more in insurance.
Make sure your credit record is good
If you have a bad credit history you will be seen as a bigger risk when it comes to buying car insurance. Thus you should do everything you can to improve your credit history. Be on time with payments, don’t borrow more money than you need to and check your credit report to make sure there are no mistakes on there. All of these actions can help to reduce your insurance premium.