How To Save Money On Your Car Insurance

Are you looking to cut the costs of your car insurance? We would all like more cash in our pocket, and with a few clever strategies, you can reduce your premium without needing to compromise on the level of cover!

Here are our top ten tips to help you…

1) Drive less

The fewer miles you cover annually, the lower the risk you pose to insurers. Estimate your mileage accurately, though, as underestimating could invalidate your policy if you need to make a claim.

2) Pay in full

Paying for your policy in one go is often much cheaper than opting for monthly instalments, which usually include interest. If that’s not possible, consider a 0% interest credit card that you pay off within the interest-free period, as this might be a more cost-effective option.

3) Increase security

Enhancing your car’s security with features like alarms, immobilisers and steering locks can lead to lower premiums. Be sure to check with insurers beforehand to ensure the savings outweigh the upgrade costs, though!

4) Choose a higher voluntary excess

If you are able to, consider paying a higher voluntary excess in the event of a claim, as this can help to lower your premium. Just make sure it’s an amount that you can afford if the need arises.

5) Build your no claims discount

Avoiding claims over time earns you a no-claims discount, which significantly reduces premiums so drive safely and protect your bonus if possible.

6) Avoid paying for unnecessary extras

When comparing policies, ensure you're only paying for features you actually need. Optional extras like legal cover or a courtesy car may not be essential and could inflate the cost, so choose wisely.

7) Reassess your cover level

If you own an older or lower-value car, third-party, fire and theft cover may be sufficient and cheaper than comprehensive insurance - but always compare, as this might not be the case. You should also review your policy annually rather than just letting it renew.

8) Mind where you park

Keeping your car in a garage or on a private driveway overnight can also help to reduce your insurance costs, as it lowers the risk of theft or vandalism.

9) Be sensible about additional drivers

Adding an experienced driver to your policy might help to bring down the cost, especially for younger motorists. However, ensure the main driver is accurately declared to avoid invalidating your cover.

10) Consider a black box

A black box or app-based insurance tracks your driving habits. Safe driving is rewarded with lower premiums, making it a good choice for younger or low-mileage drivers.