Low Cost Car Insurance
Low Cost Car Insurance
Low Cost Car InsuranceHave you noticed that car insurance premiums are rising, in particular male drivers under the age of twenty five are feeling the pinch. The reason for this is that the cost of car insurance is based on a number of factors, risk being one of the main. So, if you are female, your car insurance premium should be less than your male counterpart. Other factors which have a bearing on the cost of the car insurance include, make and model of the car, driving record of the owner, and what the car is predominately used for. The average driver will use the car for social, domestic and private driving unless they are in business when the use will be classed at a higher commercial premium. If you follow some of the steps outlined below, you should see areduction in your car insurance renewal.
Bundle Insurance Policies: Many insurance companies will offer discounts if you sign up for several types of insurance. An examplke of this could be car and home insurance, where you could expect a ten percent discount at least.
Increase the Deductible. The excess is the amount you will have to pay in the event of a covered claim. However, you will have to decide on the amount of the dedictible and weigh that up against the reduction in the premium.
Get Comparative Quotes. Thanks to the internet, it is now quick and easy to obtain comparative quotes from several insurance companies online. In this highly competitive market, employees of insurance companies are very eager to take your business, provided you have a clean driving record. This should result in reasonable discounts for the astute driver. Do not leave this until the last minute, but rather you should start your research about a month before your renewal date to give you adequate time to gather all the information you require.
Drivers Named On Policy. Additional charges will be applied by insurance companies for named drivers. If possible, you should consider removing these drivers from your policy.
Provisional Licence. A provisional licence will attract a higher premium from most insurance companies. You should make every effort to complete your driving test by taking driving lessons from a reputable driving school and follow that by passing the test and obtaining your full driving licence.
Advanced Driver Courses. It is possible to expect a discount from your car insurance company if you have successfully completed an advanced driver training course and have a certificate to show them.
Engine Size. If you are in the market to purchase a new or secondhand car bear in mind that the more powerful the motor capacity is then the higher the risk factor and subsequently the dearer the premium will be. While it may be tempting to own the most powerful car on the block, the insurance company will penalise you quite heavily.
Clean Driving Record. There are a number of driving offences which attract penalty points and your premium will be increased as a result. A clean driving record is not that difficult to obtain. Next time you get behind the wheel, do not exceed the speed limit, wear your safety belt, and either use a hand set for your mobile phone, or switch it off during your journey. The question about penalty points will most certainly be raised by your insurance company at renewal and you will be rewarded provided your record is clear.
Is Comprehensive Cover Necessary. There is a choice at renewal between fully comprehensive cover and third party cover, and this usually depends on what you can afford to pay. Damage to your own vehicle is covered under a fully comprehensive policy. Naturally, you will pay quite a bit more for comprehensive cover which protects your vehicle even if a tree fell on it. Sliding off the road in winter conditions would also be covered and then you might be sorry you choose the cheapest car insurance. Third party cover on the other hand would not pay out in this event. It really depends on how much you are willing to pay and the tradeoff is between less cover and a lower premium or vice versa.
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