In the UK it is law that you have current auto insurance if you want to drive on the public roads. So, why pay more for your auto insurance if you don’t have to. After all the money is better off in your pocket than theirs.
Here are ten tips to help you get cheaper auto insurance. If you can implement some or all of these, you will possibly save some money on your auto insurance.
1. Shop around every year for a better deal
To get the best deal on your auto insurance, you need to compare insurance providers, preferably once a year. With the use of the web it is not a difficult task. Different companies have special deals at different times so you might be able to change to a provider that has a current deal on when you are looking to switch. There is no cost for you to change insurers, and companies often provide new customers with extra bonuses.
2. What bolt on “Goodies” are included?
Several insurance policies are now very simple and you can add extra services and features at an additional cost. Do you need all of the extras that are supplied?
3. Courtesy Cars
You need to find out if a courtesy car is included in your insurance policy. When is the courtesy car supplied? Does your car need to be written off or only damaged? Do you have to pay additional insurance on the courtesy car? If this add on is not required then remove it from your policy and save.
4. Legal Protection insurance
This insurance is to cover you if you are involved in an accident that is not your fault. It lets you claim loss of earnings from the insured driver who is at fault. The insurance pays for the legal fees of the court case. All of these claims are assessed on the chance of winning the case. If the insurers do not think you will win, they will not instruct the lawyers to have a go and hope for the best.
5. Roadside Breakdown Assistance
Does your insurance policy include roadside assistance? If you are already a member of a breakdown service, then there is no need to be paying twice. Often when you buy a brand new car, this service is included for the first two years.
6. How do you pay for you car insurance
Paying your bills month by month is much easier on your cash flow, however some insurance companies charge you extra for this pleasure. Check with your insurer to see if they charge an additional cost for this service. Calculate how much the difference is, as you might still be saving money over the year with a slightly increased premium if you have the use of the money rather than the insurance company.
7. How much is your excess?
Your insurance policy excess is the amount of money you are willing to pay at the beginning of a car insurance claim. The higher your excess is, the lower your premium will be. Check your insurance policy as you may have different excesses for different drivers or different types of damage.
8. Personal Belongings
Does the insurance policy included any of your personal items in the car or replacing the locks in the event that you loose your car keys? This add on can be very important if you usually carry expensive equipment like computers in your car. You might have to itemise some high value items with the insurer prior to them being covered, so check first.
9. Authorised repairers
Often insurers will allow you to get your car repaired straight away by using one of their authorised repairers. This will speed up the process of getting your car fixed. If you have to get 3 quotes from 3 different repairers you will spend time organising paper work and running around. This will delay your car getting fixed and back on the road.
10. Do you have your house insurance with the same provider?
If you have your car insurance and house insurance with the same insurer, they will usually give you a larger discount on your premiums. This can also be an advantage as you only have to remember one comapnies details in the event of an accident.