Car insurance: Most of us would probably think this to be a necessary evil. No-one should drive without insurance and we’re certainly glad of the protection it provides us should we be involved in an RTA but that doesn’t make it an easy pill to swallow when it comes to paying for it. Car insurance costs continually rise so even when you have a perfect driving record and you have a full No Claim Discount, the annual increase in premiums still exceeds your discount received, resulting in an overall premium higher than the previous year. It seems there is no reward for being a good driver but if you’re savvy you can get reduced premiums. Here are 7 Ways to Cut the Cost of Car Insurance.
1. Shop around
Simply accepting the annual renewal is not smart. This is the easy way out right? No extensive paperwork, messing around with bank details, learning new phone numbers etc. Shopping around is one of the best ways to cut the cost of car insurance and also the method likely to bring the biggest reward. When you find a cheaper insurance policy go back to your current provider and challenge them to meet it or beat it. Don’t let them fob you off with changing the terms of the policy so you get more cover or some added perks instead of a reduced premium. If you are a good driver you won’t benefit from these anyway. The insurance market is highly competitive and if they want to keep your business they will offer you a better deal to stay with them. One thing to remember, make sure that when you cut the cost of car insurance you haven’t simply chopped the level of cover.