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 cash is better off in your pocket than theirs.
Here are 10 ways 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 every year. With the use of the internet it is a very easy task. Different companies have special offers 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?
Most insurance policies are now very basic and you can add extra features and services at an extra 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 car supplied? Does your car need to be a write off or only damaged? Do you need to pay extra 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 there to cover you if you are involved in an accident that is not your fault. It allows you to 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 court 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 monthly is much easier on your cash flow, however some insurance companies charge you an additional amount for this pleasure. Check with your insurer to see if they charge a premium for this service. Work out how much the difference is, as you may still be saving money over the year with a slightly increased premium if you have the use of the money instead of 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, the lower your premium will be. Check your insurance policy as you may have different excesses for different types of damage or for different drivers.
8. Personal Belongings
Does the insurance policy cover any of your personal belongings in the car or replacing the locks in the event that you loose your vehicle keys? This add on can be very important if you usually transport expensive equipment like computers in your car. You may have to itemise some high value belongings with the insurer prior to them being covered, so check first.
9. Authorised repairers
Often insurance companies will allow you to get your vehicle fixed immediately by using one of their authorised repairers. This will speed up the process of getting your vehicle fixed. If you need to get 3 quotes from 3 different repairers you will spend time organising paper work and running around. This will result in a delay in getting your car fixed and back on the road.
10. Do you have your home insurance with the same provider?
If you have your vehicle insurance and home insurance with the same insurer, they will usually give you a bigger discount on your premiums. This is also an advantage as you only have to remember one set of details in the event of an accident.