5 Ways to Get the Cheapest Car Insurance Deal

by Candice Larson Do your best! Getting the minimum amount of car insurance is risky business. However, not everyone can afford a bunch of additional coverage. Some people might not need anything but the minimum. In those cases, having state-mandated coverage is far better than having no insurance at all.

But how do you find the cheapest rate? Below are some useful tips to apply on getting insurance:

1. Shop around for the best deals

Savings of hundreds of pounds can be found if you shop around when you renew your cover. When shopping around for car insurance, it's important to make sure that you are comparing like-for-like cover. Some policies may seem cheaper, but you may find you don't have the same level of cover when you have to make a claim.

Use an online comparison service to do the hard work for you. Put in your details and check the prices that come up. You can alter the excess that you are willing to pay and the mileage you will drive and get new quotes. If you've been happy with the cover your existing provider has given until now but are unhappy with their renewal quote, let them know the best offer you have received from a rival insurer and ask them to at least match it.

2. Age-based discounts

Many younger drivers may not realize this, but your age is an important factor in setting the exact price of your auto insurance premium. You’ll typically see premiums lowered once you hit the age of 25, with discounts that can sometimes be as high as 20 percent though other factors such as marital status and driving record are also taken into consideration.

The lowest premiums associated with cheap car insurance rates are typically given to drivers between the ages of 25 and 55. This age group is considered to be amongst the safest drivers on the road; certainly safer than teenagers and elderly drivers.

3. Don't put everyone on your policy

Ensure that only regular drivers are named on the policy. You can always add someone for a few days when they really need to drive the car.

4. Increasing your deductible a year

A deductible is the amount of money you are actually required to pay out in the event of an accident before your insurer will pay out on your claim. The amount of your deductible is also one of the biggest factors in determining your auto insurance premiums. In fact, the larger this deductible is, the less you will have to pay for coverage on a month-to-month basis.

Most drivers don’t realize this, but most insurance adviser will actually allow you to raise the deductible amount in order to lower your monthly rates. If you’re looking for cheap car insurance then this is a good deal for you; especially if you have a clean driving record as you may not ever have to actually pay this deductible.

5. Secure your car

Fitting an approved alarm, immobilizer or tracking device can attract a discount of around 5 per cent. Many newer cars will come with these as standard, so make sure you check if you have them and then declare them.

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Created on Dec 31st 1969 18:00. Viewed 0 times.

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