When it comes to car insurance finding the best value quote that also provides the level of cover you require can be a bit of a minefield. With everything going on in the world currently, you’ll want to make sure you’re getting the best price, while also knowing that you’ll be covered if you do need to make any essential trips. Thankfully, the AA Car Insurance team are here to help with some advice on steps you can take that may help lower your insurance costs when it’s time to renew your cover.
1. Drive safely: As insurance premiums are calculated by the risk of a claim, being seen as a safer/less risky driver can help bring your premiums down. If you can reduce your mileage then doing so may lead to some savings, but most importantly driving legally will help you avoid any nasty spikes in the cost of cover. Keeping your license penalty-point-free can help you save significantly on your premium.
2. Choose your car wisely: Bigger engines and older cars both tend to cause premiums to be higher. Older cars are more at risk of breaking down, while bigger engines are in a higher insurance category, which can both increase your premium.
Also, before you complete the purchase get a quote online so you know how much cover will cost you before you change car.
3. Check what discounts your insurer offers. Many insurers will from time to time offer specific discounts on their products so it can be worth contacting your insurance provider to see if there are any additional discounts you can avail of.
4. Adding another driver to your policy may help you reduce the cost of your premiums. Many motorists are unaware that they could bag themselves a further discount by adding a spouse or partner to their insurance policy, as long as they actually use your vehicle – just make sure they have a clean driving record before doing so. Some insurance providers offer a discount of up to 20 percent just for adding your spouse or partner, so it is certainly worth inquiring.
5. Consider the driving record of anyone you add to your policy. On the other side to the above, adding a younger driver or a driver with penalty points on their license could actually increase your premium instead of bringing it down.
6. Avoid over-valuing your vehicle. In the event of a claim where your vehicle is a write off, you will only receive the pre accident value of your vehicle, so it’s important to not over value your car as it could cause your premium to go up.
7. Voluntary excess affects the amount you have to pay in the event you need to make a claim. Voluntary excesses vary but are typically between €250 & €500. Higher excesses are available however, and while this does reduce your premium, it also means an increase in costs for you if you do need to claim, so it’s not recommended for everyone.
8. Pay your insurance in one go instead of monthly instalments. If you can afford to do this, it saves you money as paying for you premium on a monthly basis means that interest is added on to your premium, with interest rates varying depending on your provider.
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