Guest Post

Ways To Save Money On Your Car Insurance

There are a few constants in life: you’re born, you live and you die. Oh, and you also pay for insurance and taxes along the way. While there is little that can be done to control certain expenses, driving down the cost of car insurance is easier than you might think.

The Internet has revolutionized modern society in general, and it has proved a particularly useful tool for motorists. Everything from buying a car to getting it covered has been made more convenient by the web, and also cheaper in the case of car insurance.

In the UK, for instance, using price comparison websites to shop around for the best deals is extremely popular and the savings that can be made are incredible. It’s not just car insurance where you can dramatically slash your outgoings, as cut-price deals are also available on house and travel insurance, utility bills and pretty much anything you care to think of.

Compare car insurance from moneysupermarket.com, the UK’s leading price comparison website, and you could save an average of 302 pounds (approx. $490) on your next policy.

That could be increased even further if you consider several other factors. Like thinking about how much you actually use your vehicle and then being pragmatic. The more kilometers you clock up every year, the more you’re likely to pay in car insurance. Not to mention how many times you’ll have to visit the gas station, which is an expense we all loathe. If you’re on the road a lot through business then you can expect your premium to be considerably higher.

Depending on your age, it can sometimes be beneficial to add another more experienced driver to your policy in order to lower the cost. It’s something that you should definitely look into, as doing some research in this area may unearth more ways to put that little bit extra back into your pocket.

Picking a policy with a higher excess may also prove a shrewd move. Granted, in the event of having to claim you’ll have to stump up more, but then again it’s a way of keeping costs down. There’s a certain element of risk involved so be sure to think carefully and get as many quotes as possible. Only you’ll be able to know whether it’s a risk worth taking and whether the pros outweigh the cons.

Where you park your car at night is a standard question that insurers tend to ask when the time comes to search for a new policy. Another safety issue to be mindful of is having the right vehicle security. Get an alarm or immobilizer fitted if necessary and always be vigilant when leaving your car unattended for any length of time to remove all valuables to reduce the risk of it being targeted by criminals.

This is a guest post by moneysupermarket

Comments (3)

  • Thanks for the advice. I recently saved a few hundred dollars on a vehicle insurance policy, and I think what made it possible was taking advantage of the quote comparison sites that you mentioned. When you can quickly view rates from several providers, then its really hard to go wrong. I decided to put my savings aside to let it grow in a retirement fund. Now if only other expenses were as easy as car insurance to shop for and save money on!

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  • Wow, I remember the days before the internet where the best way to get cheap insurance was to spend a day calling ALL the insurance companies and then calling back the cheapest. I now use a number of sites that check all the major UK insurers and I find that that seems to do the trick. Most policies are similar. I have friends that tell a few ‘white lies’ but I don’t recommend this because insurance companies will do everything in their power not to pay, so I don’t want to give them an excuse!

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  • Agree with you. Internet has changed how we buy insurance policies. I use Moneysupermarket.com, Confused.com and choose the cheapest one. They both are very good insurance comparison websites.

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