Reduce Your Risk And Cut Your Car Insurance Premium
Rising claims costs have left car insurance providers struggling to make a profit and as a result the average premium rose by nearly 25 last year, according to statistics from the Sainsbury's Car Insurance Index.
The inflation of claims costs is in the region of five per cent per annum, and ten per cent for injuries according to AA insurance. However, there are still a number of opportunities for customers to cut their premiums.
The competitive nature of the market has made finding cheap car insurance easier than ever so if you're not happy with your quote shop around. Online comparison tools allow you to obtain a series of quotes in minutes from a number of providers giving you an overview of what's available based on your circumstances.
However, to find cheap car insurance it also helps to reduce your risk level to prospective insurers.
This means keeping your driving record clean and avoiding unnecessary claims to build up a no-claims discount. The more experience you gain behind the wheel, the less likely you are to be involved in an accident and so new drivers should take an advanced course, such as Pass Plus, which can cut premiums by 35 per cent.
If it suits you to agree to a mileage limit or to drive at off-peak hours then inform your insurer - it will almost certainly slash your premiums for capping your driving time as this reduces your chances of making a claim.
It's not just avoiding accidents that's important, however - you should also reduce your risk of becoming a victim of car crime.
Park your car in a garage overnight or at least in a well-lit area to earn cheap car insurance. You can also cut your car insurance premiums by fitting security devices such as immobilisers and alarms.
If your vehicle is a classic car, performance car or even a modified car it's even more important to lower your insurance risk. No matter what your vehicle, it's important to shop around and compare car insurance quotes from multiple insurance companies. Read a car insurance guide if you're unsure what level of car insurance cover suits you best.
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