Car insurance: Finding cheap car insurance

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Car Insurance
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Car insurance Finding cheap car insurance
Car insurance may be the ultimate grudge purchase
but it doesnt need to leave you out of pocket.
Follow our top tips to slash the cost of your
cover. 1. Use comparison sites to get quick
quotes Price comparison sites are a good place to
start as they allow you to get multiple quotes
quickly. The sites are not always 100
reliable, though, so make sure you double check
the policy you're interested has everything you
need when you click through to the website of the
provider. Remember, not every provider appears on
comparison sites .
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2. Set the right excess If you're willing to fork
out more on your excess the amount you have to
pay yourself in the event of a claim your
insurer will reward you with lower premiums.
However, make sure you select your excess
carefully.
3. Choose your occupation carefully Insurers look
at many factors when calculating the cost of
cover including what you do for a living.
However, the job categories used can be broad
meaning that many drivers could fit into many
different segments.
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4. Avoid modifying your car Dont be fooled into
thinking that insurers only consider boy racer
cars as being modified. Even a small modification
to your car, such as new alloys, can cause your
premiums to rise. If you're going to make any
changes to your car always discuss them with your
insurer first. Conversely, any modification to
your vehicle that increases it safety could save
you money. Installing an alarm, tracker or
immobiliser especially if approved by car
safety research firm can set your car insurance
premiums tumbling.
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5. Pay for your cover annually (if you can afford
to) Insurers will give you the option to pay for
you cover in two ways - on a monthly basis or in
annual lump sum. While paying monthly might seem
like a sensible way to spread the cost, it can
cost 100 more than paying annually. Paying for
cover on a monthly basis involves taking a loan,
usually at high interest, from your provider. APR
can vary but it can be as high as 40. Some
insurers will also charge you a fee for setting
up a monthly payment plan. Kiwi k Fit, for
example, charges 35 for providing you with
credit.
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6. Avoid auto renewal Insurers reserve the best
deals for new customers and often push up the
premiums for their loyal policyholders. Rather
than just allowing your policy to roll into
another year shop around and see if you can find
yourself a lower premium. Even if you want to
stay with your provider you can use this as a
platform to haggle. 7. Check the
specialists Drivers over 50 and drivers under 25
are statistically more likely than other
motorists to be involved in accidents, which mean
that they'll still pay more for cover.
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