There are several ways for you to keep the cost of your car or truck insurance down. You just need to be prepared to do your research and shop around. Here are a few simple ways you can get the cost of your insurance as low as possible.
Get a quote from a specialist insurance firm
Which firm is right for you is largely dependent on your age, sex and where you live. This is because some companies will only guarantee you the lowest quote provided you fit their exact criteria. For example, some companies specialise in insuring female drivers and other firms will only insure drivers who are aged over 35.
However, there are factors that go beyond those basic criteria, so if you want the best price you need to understand what these are and address those factors first.
What car you drive
The type of car you drive has the biggest impact on how much insurance you have to pay. The Association of British Insurers defines each insurance category for each kind of car. Cars with smaller engines have cheaper insurance options than those with larger engines.
Vehicle security features
Adding security to your vehicle can bring down the cost of your insurance. Having an extra alarm or immobiliser fitted to your car should make your car insurance far cheaper. Ask each insurer what their policy is on extra security features.
The age of your car
Because second hand cars are cheaper, they are also usually cheaper to insure. However, it depends on the make and model of your car.
The size of your excess
Being prepared to pay a voluntary excess can also bring down the cost of your insurance. If you have an accident or need to claim insurance for some reason, being contracted to pay a higher excess can mean that your yearly or monthly insurance payments are lower.
Taking the advanced driving test
If you are a young driver, it can be costly to insure any vehicle. Taking the Pass Plus course or passing your Advanced Driving test means that some insurers offer a discount for even very young drivers.
How you pay for your insurance
If you can afford to, pay your insurance up front rather than using monthly payments, this takes a few pounds off the annual cost of car insurance.
Not using your car for business
Limit your vehicle’s use to domestic, social or pleasure and you keep your costs down. If you use your vehicle for business, you will end up paying a lot more for your car insurance. You can use your car to drive to and from work, but just cannot use it to carry out your business, for example, to make deliveries.
Pay for secure parking
If you live in a high crime area, consider parking your car in a secure car park. Not only will your premium be lower you know your car will be where you left it in the morning and the walk from the parking area to your home will be good for your health.