How can I keep my car insurance costs down?
Published Wed, Jan 22, 2014 Updated Tue, Feb 16, 2021
Car insurance is one of those costs that you just have to pay, like it or not. But it can be pretty expensive; in fact it can be seriously expensive for some people. So doing whatever you can to keep it cheap is a good idea. Here are some quick pointers:
This goes without saying, but it’s still worth a mention. If you are not using at least one price comparison site to get quotes then you are throwing away money. You should also be getting multiple quotes and experimenting with different information as follows…
Experiment with jobs
For various statistical reasons people in some lines of work seem to be more ‘risky’ than others and for that reason your job will normally affect your premiums. For instance, if you have the word ‘engineer’ in your job title you will probably be paying over the odds. So try experimenting a little with what you put for your occupation – don’t lie, but if you think that two or three options would fit, try all three and see if any make your quote cheaper.
Add an excess
As a rule, a higher excess will lower your premiums, but by how much can vary. Try adding a voluntary excess at various different levels to see what effect it has. Often a small increase can give you a big saving, but if not it might make more sense for you to lower it – it’s completely up to you.
Get A Smaller Car
Apart from getting older, switching cars is by far the easiest way to substantially reduce your premiums. Smaller cars are also cheaper to run of course so this will save you money twice. Try some different insurance quotes to discover which cars are cheapest to run.