To get the best car insurance quote you can take control of a few factors which make up the total premium.
There have been cases where motorists have obtained comprehensive cover for unbelievable low prices but this doesn’t seem to transpire for the majority of us. Below, we have listed some of the different things that you can do to reduce your car insurance quote.
Some aspects you simply can’t control
Your claiming history- If you have claimed before then you may have lost the no claims discount that you built up. Insurers offer lower premiums to individuals with no claims discounts as a reward.
Your driving history- If you are a new/young driver then you wouldn’t have a driving history and therefore would not be entitled to No Claims Discount. To add, statically speaking, young drivers have more frequent accidents and so the insurer charges a higher premium simply because they can’t work out your individual risk. Moreover, if you are an experienced motorist but have driving convictions or points on your license then the insurer will consider you to be a “high risk” driver.
But you can control some other factors
Car security– By upgrading or increasing the level of security in your car, you have effectively reduced the chances of theft and therefore your car insurance should get cheaper.
Voluntary excess – The amount you would pay if you make a claim is known as the voluntary excess. By increasing the amount of voluntary excess, you are assuming a bigger risk and so the car insurance will reduce. But it is very important that you have the funds ready if you do need to make a claim.
Third Party vs. Comprehensive – Typically third party car insurance is the cheapest but this is most definitely not the case in all instances. You should check both types of cover to see which works out to be the most valuable for your insurance needs.
Mileage –By having an accurate understanding of the number of miles you typically use, you can reduce the cost of your car insurance. The idea is to reduce the number of miles you drive so that the chances of an incident are also reduced.
Safe parking – logically speaking, parking your vehicle in the garage or a driveway is safer then parking on the road. By taking the extra precaution of parking your car in your driveway, the car insurer will deem the risk of theft and damage to be less and therefore the relevant discount would be applied to your car insurance quote.
Postcode – the area which you live in can have a major impact on your car insurance quote such that if there is a high or a low crime rate in your area then this risk will be reflected in your car insurance quote. Whilst you can influence this factor by moving houses, the solution is not so easy to implement.