Insurance is an unavoidable motoring expense. But rather than simply clicking auto renew when the time comes, follow these insurance tricks and cut the price of your premium.
Most insurers don’t reward loyalty. The first thing you should do when your insurance renewal comes up is to shop around for the best quote possible.
MotorEasy provides great cover for cars and if you take out car insurance through them, they’ll even fix your next MOT test for free, so why not make it your first port of call? It’s also worth checking out the comparison websites, too. Insurers often run deals and promotions with comparison sites individually, so it is worth looking at them all if you can find the time.
Limit your mileage
The fewer miles you cover, the less time you’ll be on the road and the less likelihood there is of having an accident. It’s easy to check your approximate annual mileage by looking at your car’s MOT certificate.
You can either compare the most recent one with the previous year’s, or see how many miles you’ve done since it was issued and then work out your annual mileage from that.
Consider a higher excess
The excess is the amount that you contribute towards a claim before the insurer pays out. The insurer’s logic is as follows: the more excess you pay, the more care you’re likely to take, so the less risk you represent and hence the cheaper the premium. If this leaves you feeling exposed, you can even take out a separate policy to cover your excesses on multiple insurance policies these days.
Avoid adding multiple drivers
One valuable piece of car insurance advice is not to add too many drivers to the policy. The more drivers, the greater the risk. However, if you add your other half, you may save money. If your partner is on the policy, you’ll probably be driving with them in the car. That, insurers think, makes you a lower risk.
Use specialist companies
Frequently, mainstream insurers will give you a high quote because they are more risk averse when dealing with a very expensive, old or even a rare car. That’s where specialist brokers come into their own. They are backed by underwriters who know niche areas inside out and as a result may well provide cheaper cover.
Consider a black box
Telematics devices are the size of a matchbox, usually black and plug into a car’s computer systems. They then transmit data to insurers, who can then see how you drive and decide how much of a risk you pose. They enable safe drivers to be rewarded with cheaper cover, while those who are prone to flouting the speed limit and cornering on two wheels will pay more. MotorEasy has cleverly combined a black box with its warranty cover so you can save on both.
Describe your job
You must tell your insurer the truth; it’s fraud if you don’t. But job descriptions make a difference. For example, sales assistants pay less than shop assistants, full-time parents’ premiums are lower than unemployed people and music teachers pay less than some other teachers.
Where you park
It used to be that parking on your drive outside your house was considered safe. But with thieves burgling houses to steal keys to nick cars and others hacking into car security systems, that’s not necessarily the case now. However, putting a car in a garage will still be rewarded with lower premiums.
To find out how to protect your car, save money and avoid hassle, go to motoreasy.com