Cars

1 Buy from the internetMost companies offer a discount for online applications as this is automated process and costs them a lot less to process your application you can usually see discounts of 510Click here to get a instant online insurance quote

1 Buy from the internetMost companies offer a discount for online applications as this is automated process and costs them a lot less to process your application you can usually see discounts of 510Click here to get a instant online insurance quote

2 Shop aroundAll insurance companies use different formulas to calculate your insurance premium by adding or detracting money after each question the ask youBy shopping around you could find big savings on your insurance premium

3 Buy extra productsMost insurance companies also do other insurance products ieBuildings and contents insuranceMost insurance companies will give extra discounts for purchasing more than one productby doing this you could save a fair amount on all your insurance premiums

4 Pay your insurance premium in one goBy paying your insurance premium in full you can avoid paying costly interest charges that would be added if you paid your insurance premium by instalmentsSome insurance companies may charge as much as 15 APR on instalmentsYou may even receive a discount for paying in fullIf you can not afford to pay in full check out what rate a small loan would be you may still save some moneyFill out a online loan application

5 Increase your voluntary excessYour excess is the amount paid by you in the event of a claimby increasing this your insurance company should reduce your premium

6 Lower your annual mileageLowering your annual mileage can reduce your premiummost insurance companies will quote you for around 12000 miles a yearTry and work out how many miles you will do if its likely to be less you may get a discountBe honest about this as your insurance company may ask to see old MOTS and service history to verify your mileage in the event of a accident

7 Have a AlarmImmobiliser or Tracker fittedTheft of and from your vehicle play a major role in the calculation of your insurance premiumHaving a alarm or immobiliser fitted will give you a small discount to your premium and having a tracker fitted could make you quite a saving

8 Take the advanced driving testPassing your advanced driving test will show your insurance company that you have extra skill when driving and are less likely to be involved in a accident

9 Dont inflate the value of your carAdding extra value to your car when you apply for your insurance quote will do nothing for you apart from increase you premiumIn the event your car is stolen or written off you will only be paid the market value of your car at the time of your accident

10Look after your credit ratingInsurance companies are now looking at your credit score as part of the calculation for your insurance premiumMaintaining a good credit rating could avoid unnecessary additions to your premium

11 Insure your car Third Party OnlyThird party only is the minimum cover you are required to have by law its also the cheapestIf your vehicle is of a low value then you could consider this type of coverYou need to remember that with this type of cover if you was to have a accident that any damage to your vehicle would not be covered for repair

12 Keep a clean licenceInsurance companies take driving convictions very seriously and can dramatically increase your car insurance premiumby maintaining a clean licence proves to the insurance you are a safe and careful driver

13 Remove any unnecessary driversIf you have a young driver on your insurance policy that no longer uses the vehicle you should remove them as this will reduce your premium

14 Young drivers add a older driverSome insurance companies will reduce young drivers premiums if they have a older named driver on the insurance

15 Build up your noclaims discountOne of the biggest factors affecting your car insurance premium is the number of years noclaims discountYou could receive up to 75 discount for around 5 years of no claimsThe more years you can stay claim free the safer driver your insurance company will see you as

16 Protect your noclaims discountAlthough this will increase your insurance premium if you have a lot of years of noclaims you may want to protect this as a small claim may increase your premium by up to 75

17 Buy a lower insurance group carA very important factor to your insurance premium is what car you driveMost insurance companies adopt the Association Of British Insurance Group RatingThis rates vehicles from 1 20 generally speaking the higher the group the higher the premiumBy buying a car with a lower group rating can lower your premium especially for young or inexperienced drivers

18 Join a car clubIf your vehicle is a classic or specialist consider joining a club related to your car most clubs offer insurance schemes which have very good premium rates

19 Put your spouse as a named driverSome insurance companies offer discounts when you add a spouse as a named driver as opposed to unmarried couplesthey see marriage as a sign of stability and associate stability with safe driving and there for give you a discount

20 Take pass plusIf you are a new driver consider taking your pass plussome insurance companies could give you as much as a 25 discount and when you have just passed your test and have no noclaims this could make a considerable saving