Lowering your car insurance costs

Lowering your car insurance costs - As the old saying goes, it certainly pays to shop around. This is even truer when it comes to buying car insurance or renewing an existing policy. We’ve detailed below our top tips for getting the most value for money when it comes to care insurance:

Prices will vary depending on insurer, if you have the time (it will pay off in the end) try to get about 5 quotes for your insurance. It’s possible to receive a car insurance quote via the Internet or via their telephone line.

Never automatically renew your insurance with your existing insurance company, research suggests that by shopping around at renewal time you can save as much as £112 on your car insurance.

Consider increasing the voluntary excess you would pay should you have an accident, insurance companies often reduce the policy amount in these situations.

Consider different types of car insurance companies. Some car insurance companies, specialise in the provision of certain type of insurance, for example driver’s under the age of 25 or women drivers.

If you’re in the market for a new car, always check the insurance costs before completing your purchase.

Negotiate a deal for including other forms of insurance with the same company, for example home contents or pet insurance.

Purchase from a car insurance provider that sells direct to the consumer rather than through a broker. This will cut out the middle man and often give you additional savings.
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