Car insurance online is one of these necessary evils that all of us have to adhere to if we want to keep our cars on the road.
None of us wants to pay over the odds for our premiums, which is usually a key factor when comparing car insurance quotes. The surprising thing though is that not many people realise they can actually lower their monthly costs. Here we’ll look at 4 ways you can get better rates from your car insurance company and save on your annual outgoings.
Become a better driver
This does seem a bit of an obvious one, but there are a number of things you can do that will signal to your car insurance company that you’re a careful driver and in turn, will lower your motor vehicle insurance.
Look into completing an advanced driving course as many auto insurance companies will offer a reduction on your fees if they perceive you to be lower risk.
Check to see if your car insurance company takes into consideration the analysis of telematics. This is a type of ‘black box’ technology that can assess and feedback to your car insurance company how careful your driving is. See our car insurance tips on ways how to drive safer.
Easier said than done, but try not to incur any extra points on your licence if you can as this will stand you in good stead for preferential rates over time.
No Claim Bonus
The no claims bonus is the merit that insurance companies gives you in return of one full claim free year. Adding a no claim bonus reduces the premium at the time of insurance renewal. Some insurance companies accept a self-declaration from the customer that they have had no claims in the past years whereas other insurance companies accept the formal no claim letter from previous insurer. Getting a No Claim Bonus can significantly reduce the premiums and in some cases with a 3 to 4 year NCB, the premiums can be reduced by over 50%.
Increase the excess / deductible
This is the amount the insured person pays while making a claim on the car. The higher the amount the lesser the insurance premium. This means in the event of an accident or repair or theft, this is the amount that is committed by the insured person to pay from the pocket and the insurance company shall cover the rest of the claim amount.
All of these tips will help to keep your costs down and if you’re in the process of looking for discount car insurance, they should help with that as well.