It’s obvious that young drivers have a limited budget for car insurance. This article has 17 tips to help you find low-cost motor insurance.
1. Do your research. Find insurance companies that offer policies specific to your age, gender, and occupation. Ask your friends and family for advice on the best insurance policy. They might have information about the policies they use. If you are looking for the best deal, shopping around is the best thing you can do.
2. Do not accept the first quote. The price of your first quote is likely to be very high. Insurance companies know that you won’t be able to find a suitable quote until you have received several quotes. No matter how tempting the offer may seem, you should not accept the first quote that comes your way.
3. Call around – Once you’ve found a few companies you like, call the car insurance brokers or companies (third parties who are only giving you a quote but not actually underwriting your policy). Ask them for their quotes and see if they can offer any better.
4. Increase awareness – Companies with a large budget for advertising may not offer the best policies, but they could be offering more coverage.
5. Play against other companies – Do your research, make detailed notes on each quote that you get and then pit the companies against one another. It’s not a good idea to lie, as most insurance companies know the true cost of car insurance quotes. All phone agents have the ability and the right to negotiate the price of their quotes. They would rather lose business to a competitor than lower the price.
6. Mileage- Think about how much you’re going to drive. Less mileage equals less time on the roads, which in turn reduces the chance of an accident. You can get lower car insurance quotes by choosing a policy with a limited mileage.
7. No lying – LIES! Your policy will be invalidated and companies often record phone calls in order to protect themselves from lawsuits. Include all modifications to your vehicle, and whether anyone else will likely use it. Also indicate whether or not you intend to use it for business.
8. Be more careful – Avoiding accidents can be very difficult. However, you can get discounts up to 35% by signing up for the Pass Plus program or taking an advanced driver’s course.
9. Protect your no claims bonus – Although this may raise the premium by a small amount, it pales in comparison to the possibility of losing a 60% discount on several hundred pounds of premium. However, the definition of a protected bonus without claims can differ between insurers. Accidents caused by another driver won’t normally affect such a bonus but those caused by the insured might.
10. Garage – Keeping your car in a garage will make it less likely that it is stolen or damaged. However, lying can be a criminal offense and could land you in serious trouble.
11. Online shopping – Many insurance companies offer discounts to customers who shop online.
12. Voluntary Excesses – You can lower your premium by agreeing to take a voluntary excess. This is the amount you agree not to pay in case of an accident.
13. You don’t have to buy comprehensive insurance if your car is of low value. Insuring your car against Third Party Fire and Theft can help you save up to a third on your premium.
14. Named drivers You can add a named older driver on your car insurance policy. Your parents can help you save 10% on your premium. You should also avoid having younger drivers on your policy.
15. Pay your premium one-time – It’s often more affordable to pay your years of car insurance in one lump sum than monthly installments. To allow you to pay your premium monthly, most insurers will charge an interest rate of 15% to 30%.
16. Pass Plus This exam is for young and new car drivers who have passed the practical test. This intensive training course helps young drivers improve their skills on the roads. You can get a maximum 35% discount on your car insurance with the pass plus. The Pass Plus will cost you around PS100, but due to the high cost of car insurance for new drivers, you can save even more on your car insurance premium. Ask your driving instructor for details.
17. Traveling to work – You might not be eligible for the coverage you need if you don’t use your car.
