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Simple Ways You Can Lower Your Car Insurance

Car insurance prices can play a major role in the model you choose to purchase. While you might be able to buy a second-hand 2.0 litre V8 sports car for under £5,000, you will almost certainly increase your monthly insurance costs tenfold by doing so. With that in mind, we’re going to present you with some information today that should help you to keep prices down. The advice in this post is relevant, no matter which model you might decide to purchase. At the end of the day, you just need to work out which elements inflate the price and try to alter them in your favour.

You only have to look at websites like Motorline Direct to see that engine size is not reflected in the resale price of modern cars. There are plenty of small used models on the market that are more expensive than those huge petrol guzzlers. That is because people understand how high their insurance payments can become when owning a vehicle of that nature.

Let’s take a look at some of the best ways of getting your insurance down…

Drive Fewer Miles

Lying when obtaining insurance quotes is never going to be a good idea. However, you can reduce the price considerably if you tell them you drive fewer miles each year. Just be careful to ensure you don’t underestimate as you might not be covered in the event of an incident. Even so, by cycling or walking to work, you could reduce the quoted amount due to less time spent on the road.

Keep your Car in a Garage

If you are looking to obtain third-party fire and theft or comprehensive cover, you could save a lot of money by keeping your car in a garage. Most insurance companies will ask where the vehicle is stored overnight. If you tell them it is on full-view in your driveway or communal parking area, they are going to charge you more. Just be aware that you will encounter problems if your car is stolen from a driveway or parking area after telling the insurer you’re keeping it somewhere more secure.

Buy Something with a Smaller Engine

Although engine size is not a reflection on how fast you will drive on the roads, insurers seem to think it is. For the lowest prices possible, you want to be insuring models that have a 1.2 litre engine or smaller. Anything over that size and prices will start to rise dramatically. We recently got some quotes from a price comparison website online for a new 26-year-old driver. A standard 1.1 litre Vauxhall Corsa would have cost him just over £600 to insure for the year. However, the price increased to well over £1,000 after we swapped it for a 1.6 litre Vauxhall Astra.

Having learned about some of the best ways to lower your car insurance costs, we hope you are now ready to save a lot of money!

Thanks for reading through this post. You should come back here soon for more good advice!

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Published on: October 9, 2014

Filled Under: Auto Insurance

Views: 1033

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