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Whether you are a learner driver planning on
having additional lessons with a parent or a newly qualified driver,
the cost of car insurance is going to be much bigger than what you
expect. This is especially true if you are young, with
Moneysupermarket.com recently reported that car insurance
premiums for young drivers have risen by over 50% during the course
of 2010. However, there are a number of ways that you can cut down
the cost of insurance:
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Buy online- buying your insurance online is the cheapest way to do
it, due to the fact that many insurers offer online discounts.
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Shop around- Don’t simply accept the first quote you are offered,
as you will more than likely finder a cheaper quote elsewhere. Price
comparison websites as the best way of doing this due to the fact
that their survey hundreds of different insurers.
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Choose the right car- If you have just passed your test and you
are looking for your first car, think about how much insurance would
be on the vehicle. Each car has a different insurance grading, with
one being the lowest. For a newly qualified young driver, a car in
insurance groups 1-3 are really the only realistic option. Also, get
the youngest car you can because insurers considering drivers in
cars over five years old to be more of an insurance risk.
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Pass plus- Additional qualifications such as the pass plus
programme offered by Khalil’s Wheels Driving School, could cut hundreds off your
insurance premium.
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Additional drivers- Adding older drivers to your policy as
additional drivers is another great way to reduce how risky insurers
view you as, resulting in cheaper offers.
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Where you park- Parking on a driveway or in a garage is perceived
to be less risky by insurers due to the fact your car is less likely
to be vandalised. They will therefore offer you a cheaper deal.
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Safety and security- If you don’t already have them, fitting
approved immobilisers or alarms will have a significant impact on
the amount you pay for insurance.
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Reduce you miles- The amount of miles you tell your insurer you
are planning on driving will impact on the amount of money you pay
for insurance, so don’t give yourself too much of an allowance or
you will pay through the nose for it. At the same time, don’t go
over your allocation otherwise your insurer will refuse to cover you
for any accidents. It’s a difficult balancing act, especially if you
are unsure how many miles you will be doing.
There are two things that people did in the past to cut down their
insurance quotes. One used to be that people would take out third
party fire and theft insurance as it was cheaper than fully
comprehensive as a result of the insurer not having to pay out for
your vehicle in the event of an accident. However, this is no longer
the case as insurers have caught onto the fact that drivers taking
out this insurance are more likely to have an accident. The second
was that people would offer to pay a higher excess in the event of
an accident, but insurers have grown wise to this too and the price
difference between low and high excess is now marginal. Therefore,
the above eight tips are the best way to make driving more
affordable.
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