5 tips on getting affordable car insurance

Posted on 31 January 2013 by Tony Santos

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If you drive a car, you are legally obliged to buy car insurance. This isn’t something that you can pick and choose to get, it’s a legal requirement. Failing to buy insurance can lead to serious repercussions should you be involved in an accident, or find yourself on the wrong side of the law.

Now, while you can’t choose whether to get car insurance or not, you can do a few things to bring your costs down. If money is tight, this might be a good idea. Consider these 5 simple tips when on the hunt for affordable quotes.

Tip 1 – Shop around

Simple really. Don’t just accept the first quote that you are offered. Take some time to compare prices from different providers and you’ll be sure to find some better deals. The simplest, and most effective, method of shopping around will be by using online comparison sites. Here you’ll find some of the best car insurance UK tips compiled neatly for you.

Tip 2 – Go direct

Sometimes it is better to go direct. Remember that some providers will not actually be listed through online comparison sites, so you’ll need to get your quote directly from them. This can often lead to cheaper deals since you’ll be cutting out the middle-man.

Tip 3 – Limit your mileage

Negotiate with your insurer over mileage rates. Statistically, you’re going to be less likely to be involved in an accident if you stay away from long commutes and busy roads. Make your insurer aware of this, and they will probably be willing to lower your quote. Remember, insurance companies love stats!

Tip 4 – Increase your excess

One sure-fire way of lowering your quote is by increasing your excess. Ok, so some people might not be overly comfortable with this, but it can be very wise for the right person. The majority of policies will carry a standard excess of about £150. If you are willing to increase this, you are likely to be rewarded with a reduced premium. As long as you can actually afford the excess, should you need to pay it, you will knock down your monthly costs.

Tip 5 – Don’t claim unless you have to

You need to do a bit of forward thinking when it comes to getting car insurance. If you don’t make a claim for five consecutive years, you’ll probably qualify for a no-claims discount (NCD). This can reduce your policy by up to 50% for the year, so it’s hugely valuable. If, therefore, you have a small knock, it might be better for you to try to pay for any repairs yourself, rather than claiming through your insurer.

Aside from these 5 top tips, make sure that you only pay for exactly what you need, and drive carefully! It may be easier said than done, but your insurance bill will stay low for years if you are a sensible driver.

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