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The
Best Articles and Resources About Car Insurance
5 Steps To Cheap Car
Insurance Premiums
by UK Insurance
Index
Although
car
insurance
is
compulsory,
it's not
necessary
to pay
more
than you
have to.
A few
simple
steps
combined
with
some
time
surfing
for
competitive
car
insurance
rates
really
can save
you
serious
money.
Step
1 -
Excess
The
easiest
way to
cut your
car
insurance
premiums
is to
cut the
risk and
accept a
higher
voluntary
excess.
An
insurer's
standard
excess
may be
£100 but
if you
meet the
first
£250 of
any
claim,
you'll
see a
reduction
in your
premium.
This is
because
you're
taking
on more
of the
risk so
you get
a
discount.
But it's
a
gamble,
be aware
that you
might
have to
meet the
cost of
a broken
window
after an
attempted
theft,
then a
bill for
repairing
bodywork
damage
after a
car park
crunch.
Step
2 -
Security
Fitting
security
devices
can also
result
in cheap
car
insurance
premiums.
All
major
insurers
insist
on
Thatcham
rated
security
equipment,
usually
a
minimum
of an
alarm.
If you
live in
a
high-risk
area for
car
crime,
it makes
sense to
fit
extra
security.
It saves
you
money
when
your
insurance
renewal
is due
and
gives
you
extra
peace of
mind.
Step
3 -
Annual
Mileage
If your
annual
mileage
is,
5,000
miles or
less,
ask
insurers
if they
offer
discounts
for
agreed
mileage
restrictions.
Step
4 -
Named
Drivers
Adding a
named
driver
to your
policy
can
increase
or
reduce
your
premiums
depending
upon the
named
drivers
age, sex
and
driving
record.
Adding a
young
driver
will
increase
your
premiums,
particularly
with a
limited
or poor
driving
record.
However,
adding a
driver
over 30
years
old with
a long
and
clean
driving
record
can cut
premiums,
particularly
if the
named
driver
is
female!
Step
5 - Shop
Around
The
biggest
car
insurance
savings
come
from
shopping
around.
This has
been
made
much
easier
with the
explosion
of the
internet.
There
can be
massive
differences
between
the
lowest
and
highest
car
insurance
quotes
for
exactly
the same
car and
driver(s).
Start
off
using
good
comparitive
online
car
insurance
quote
sites
like
Moneysupermarket
and
Screentrade,
take
their
best
quotes
and go
direct
to the
cheapest
car
insurance
companies
for more
specific
quotations.
About
the
Author
Copyright
©
UK
Insurance
Index
http://www.uk-insurance-index.co.uk.
All
rights
reserved.
Please
feel
free to
publish
this
article
online
provided
that the
article
and this
copyright
statement
remain
unchanged
with
live
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