How to Cut the Cost of Car Insurance

 Less desirable and valuable cars are cheaper to insure

At the age of 17, I wanted to own a Ferrari and live in a fast lane. Even if I could have afforded the car, I could not have afforded the insurance to cover it. At age 17, you’re brand new to the world of driving and you’re statistically more likely to make an insurance claim. Mixing efficient cars with inexperienced drivers is not something that car insurance companies are particularly keen on, but the possibility of a claim being blown through and followed by the price of the premium. When you are young and inexperienced, buy a low-power, low-value car to try to keep your car insurance premium to a minimum. If it’s worth cheaper, it will cost less to repair / replace when you run into it in your abundance of youth. In fact, the same logic applies to everyone, the lower the value of the vehicle and the lower the car insurance in most cases. Repairing sports and premium cars always costs more in the event of an accident, so this is reflected in the insurance. New cars now have a myriad of anti-theft and driver aids that in many cases help lower insurance costs, so keep an eye on the technical details when looking at a new car. A good rule of thumb is that less sought after and low value cars are cheaper to insure.

Age is a concern

I mentioned it above and it’s worth repeating. Generally, the younger you are, the higher your car insurance premium will be. This is due to inexperience and the belief in youth that bad things will never happen to you. Statistics claim otherwise, which is often a shock to an unsuspecting young driver who crashes into wondering how he or she did ... Driving experience and age are usually related, leading to a way to lower your insurance premiums - whatever age you have benefited from advanced driving courses, and many car insurance companies offer discounts on these degrees. It may only be a 5-10 percent savings on the course, but the £ 1,000 fee is worth saving and will stay with you for years, so it should be a good investment, not to mention it will make you a better driver.

Continue to add a no-claims bonus

The more years you accrue without a claim, the better, because most car insurance companies offer a discount on your insurance. In practice, you are proving that you have a good business, and because you have not made any claims, you have a good risk that they will convince you. All you can do here is keep your nose clean and make no demands. If you own a low-value vehicle and knock it off in the parking lot, you will be advised not to apply for comprehensive insurance as it would reduce liability, which is likely to be a small amount and you may even end up paying most of it depending on the excess. In the event that you have not caused damage to other vehicles or property, be quiet, repair it yourself and your savings in the compensation bonus will be sweet the following year - on time when you have accumulated three or more years of no-claims bonus, you can actually protect your bonus, which means that even if you make a subsequent claim, you will not lose your bonus.

Judgments are not neat

If you’re a downtown teenager, ASBO can be a badge of honor. However, insurers are less impressed with judgments, so it’s best to avoid them if you can. Small speeding offenses really don’t fall into the same category as a serial killer, so if you have a couple of points, it’s not the end of the world or it won’t have a big impact on your premium depending on the insurer.

If you have a garage, use it

What are garages for? If you ask an ordinary person, they will probably say keeping all the children’s toys, home gym, bicycles, freezer and dryer. I have news for all of you; The garage is designed to be placed in your vehicle when you are not using it. The fact that it places a physical barrier between the opportunistic thieves and your car is a really good thing, and car insurance companies will recognize this and reduce your insurance premium if you park in the garage overnight. Using a garage saves money; it doesn't get any easier.

Anti - theft devices

modern cars have factory-fitted immobilizers and alarms, and if you report it to your insurance company, it will check that they meet approved standards and give discounts if necessary. You can get other devices that loosen in the passenger’s footwell until you park, and then usually attach to the steering wheel or gear stick. These are mechanical devices, and some receive additional discounts if used. Do your homework before you buy. Thatcham is an organization that classifies safety devices and generally a decent mechanical safety device that includes Thatcham approval very prominently, as well as any premium discounts you can expect, j