How to get cheap car insurance
Compare ways to save on your car insurance without cutting corners.
Car insurance is an essential investment for every driver, offering important financial protection in the event of accidents, fire, theft and more. It can seem pricey, but it’s still cheaper than paying out of pocket for damage when an accident happens. Depending on what you’re looking for, you can get a good rate on cheap, bare-bones coverage or full coverage at a great price. Compare deals and discounts to save more on your policy.
There are many factors that will affect the cost of your car insurance but it’s important to remember that you’re legally obliged to reveal all details to the insurer and be as truthful as you can. Failing to do so could result in your policy being invalid and your insurer refusing to pay out for your claim.
What’s the cheapest type of policy?
You might think third party cover will be the cheapest type of insurance cover because it provides the least protection. But remember, this isn’t always the case and some drivers will end up paying far more for far less cover.
For example, if you’re a more experienced, older driver, living in a safe area with a sensible and safe car, your premium is likely to be relatively cheap. On the other hand, if you’re an inexperienced, young driver living in a big city with a high-performance, modified car, the cost of your cover is likely to be much higher.
Even if you find the more expensive option for you is comprehensive cover, you should keep in mind the bill you would be left with if you caused an accident. You’d have to foot the bill for your own repair or replacement costs if you only took out a third party or third party fire and theft policy.
It’s worth comparing quotes for different types of cover as you might get more for your money and save money in the long run.
What cover can I consider removing?
You could consider dropping certain added extras from your policy to get big savings on the cheapest car insurance rates. Make sure this option works for you before cutting any of the following extras:
- Courtesy car cover
- Break down cover
- Driving abroad cover
- Courtesy car cover
- Windscreen cover
- Replacement key cover
How do I get the cheapest car insurance?
Price is important, but it’s not everything. The best move is to find the coverage you want first, and then try to reduce your premiums from there. Compare the top 10 ways to save on your car insurance to find out if you could lower your premiums.
- Only pay for the coverage you need. Resist adding optional extras unless you’ve decided you need them.
- Trade in for a cheaper car. The next time you’re shopping for a new car, look for lower insurance rates on safer cars or cheaper cars.
- Try a higher excess. Consider raising your excess, which is the amount you have to pay when making a claim before you get reimbursed. A higher excess means lower premiums.
- Nominate your drivers. You should see lower premiums by insuring your policy in the oldest or safest driver’s name and nominating drivers with higher risk.
- Be a safe driver. Take a defensive driving course to get a safe driver discount and some new skills, and keep your claims history and tickets to a minimum.
- Park in a safe location. Cars kept in locked garages are cheaper to insure than those parked on the street. Consider installing antitheft or security features for lower premiums.
- Look for discounts. It always pays to keep an eye out for discounts, including buying car insurance online, bundling policies together, driving an electric car and qualifying for a no claims discount.
- Drive less. If you don’t drive much, you may want to see if you can apply for the low mileage discount option.
- Choose market value. You’ll save money if you insure your car for market value instead of agreed value. You’ll want this if your car is not a classic, modified or a high-end car.
- Maintain your car. Have your car serviced on a regular basis. Your car insurance policy probably won’t cover you for damage caused by old age and improper maintenance, which could lead to problems when making a claim.
The biggest way to save? Compare all your options, including asking for a better deal from your current insurance company. Take advantage of this by switching car insurance instead of renewing, or asking for a new customer price from your current insurer. Then see how each policy stacks up against the competition in price and quality.
Find the cheapest insurance for you
The cheapest policy for one driver might not be the same for another. Every driver will get a unique quote based on their driving history, the vehicle they drive, their age, amongst other factors.
Cheapest car insurance for drivers under 25
If you’re a driver under the age of 25, and you’re looking for cheap car insurance, you may have trouble. Younger and less experienced drivers pay more for car insurance than older drivers. Insurance companies see people who are under 25 as a greater risk, and charge more for premiums.
Cheapest car insurance for low mileage drivers
If you’re someone who, despite having plenty of experience, doesn’t drive often, you could qualify for a low-mileage discount and reduce your premiums.
Cheapest cars to insure
Among the ways to lower your insurance rate is to pick a car that is less expensive to cover. There are many factors that car insurance companies consider, the biggest one being the kind of car you drive.
Insurers use a group rating system of 1-50 when assessing how much a car will cost to insure. The lower the rating, the cheaper that car is to insure.
*Disclaimer: Please take reasonable care to answer all the questions honestly and to the best of your knowledge. If you don't answer the questions correctly, your policy may be cancelled, or your claim rejected or not fully paid.
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