- Published 28/11/2022
How to get Cheaper Car Insurance
In the UK, car insurance is a legal requirement if you want to drive on public roads. The minimum level of cover required by law is third party only, which provides cover if you have an accident causing damage or injury to any other person, vehicle, or property. However, this level of cover will not provide any protection for your own vehicle.
There are a number of ways that you can reduce the cost of your car insurance, and in this blog post, we will look at some of the most effective methods. By following these tips, you could save yourself a considerable amount of money on your annual premium.
1. Shop around and compare quotes from different insurers
This is one of the most important things you can do when looking for cheaper car insurance. Not all insurers will charge the same price for the same level of cover, so it’s important to compare as many quotes as possible before deciding which policy to buy. You can use an online comparison site like Compare the Market or Go Compare to get quotes from a number of different insurers in just a few minutes.
2. Increase your voluntary excess
The excess is the amount of money you have to pay towards any claims you make. A higher excess will mean a lower premium, but make sure you can afford to pay the excess if you do have to make a claim.
3. Pay annually instead of monthly
Many insurers will charge interest if you choose to spread the cost of your premium over 12 months, so you could end up paying more in the long run by doing this. If you can afford it, paying the whole premium upfront in one go will usually be cheaper.
4. Avoid modifications
Making modifications to your car (such as adding alloy wheels or tinted windows) can make it more expensive to insure because it’s seen as being more at risk of being stolen or involved in an accident. If you do make any modifications, be sure to let your insurer know so that they can recalculate your premium accordingly.
5. Consider telematics insurance
This type of insurance uses black box technology to monitor your driving habits, such as how often you brake sharply or accelerate excessively. If you’re a safe driver, you could qualify for a discount on your premium. Telematics insurance is typically aimed at young drivers who are seen as being at higher risk due to their lack of experience behind the wheel, but some insurers offer it to all drivers regardless of age
There are a number of things you can do to get cheaper car insurance in the UK. By shopping around and comparing quotes from different insurers, increasing your voluntary excess, and paying annually instead of monthly, you could save yourself a considerable amount of money on your annual premium. Telematics insurance is also worth considering if you’re a safe driver, as it could lead to a discount on your premium.