Motor Insurance – How to get the best deal
Car insurance premiums are always on the increase and the amount of pressure on insurers to lower your existing premium is huge. That’s why it is worth taking one of these steps towards lowering your renewal premium.
You could increase your policy voluntary excess on the quote application to a higher amount. Paying a higher fee when making a claim towards the cost of repairs and injuries can reduce your premium by around 25%. Of course if the accident was not your fault then the excess payment can be recovered in full.
Fitting security features to your vehicle will get you a discount of about 5% with most suppliers of car insurance. Installing an approved alarm system, tracking devise or immobilisers to your vehicle will place you in a low risk category for making a claim for theft or damage to your car.
The less mileage you clock up in your vehicle, the less your insurance premium should cost. You can get a greater saving here by agreeing to a mileage restriction, some companies do offer this facility. But in most cases a reduction of mileage of around 5,000 miles per year could achieve you a saving of up to £100. This depends of course on the insurer and the discount they want to give to you. A good tip here, is always be honest about your annual mileage, and don’t lie just to get a saving. In accurate information could jeopardize a claim, so just try to estimate what mileage you do every week, going to work and pleasure driving at the weekend, and you shouldn’t go fare wrong. A good idea would be to car share with a work colleague; this would cut down on your annual mileage count.
Drivers who don’t drive their vehicle to work should also get a cheaper quote than someone who does.
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