The easiest way of making your insurance cheaper is to shop around. It’s a competitive market, and with plenty of providers keen on getting your business a few minutes effort could save you hundreds.
You can just phone around a number of providers to see what deal you can get, but thankfully there’s a quicker way to do it. Price comparison sites will allow you to put in your details and get quotes from hundreds of insurers.
If you plan on paying your premium monthly, check that the insurer doesn’t charge interest on the cost. Some providers charge in excess of 20 per cent for people looking to pay monthly, which really will hit you in the pocket.
You can get reduced premiums if you don’t use the car all that often – reduced mileage policies cost considerably less.
There are some more specific schemes that reduce premiums. One insurer has trialled pay as you go schemes, where your cost rises for every mile you drive. Another is fitting tracker devices to the cars of young drivers and applying the premium on the basis that they don’t drive late at night. If they do need to do so, a one of charge is debited from their bank account. This product has proved amazingly popular, so much so that there is a waiting list for trackers to be fitted.
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