When it comes to your vehicle insurance there are many considerations that must be made, with an almost equal number of options to choose from. In today’s feature, we will offer you a number of simple tips and tricks and important considerations to make when you are purchasing your car insurance, or your existing policy is up for renewal. In times as unscrupulous as ours, where claim culture costs insurance companies millions annually, you may not see much room for manoeuvre on premium prices. Our simple suggestions will provide you with some hope.
It goes without saying that shopping around is a must! With numerous comparison websites granted special discounts by providers, they are an obvious first step. Save your details with them and they will even contact you with regularly updated offers. Remember, some providers don’t appear on these websites, such as Direct Line and Aviva. Apart from shopping around, haggling also works. Contact your insurance company and haggle with them hard. If you don’t ask, you don’t get, simple. If there is more than one vehicle in your home, consider a multi-car option with Admiral. Admiral also offer a no-claims bonus accelerator, particularly useful for new drivers who don’t have a no-claims discount to start with. When it comes to new drivers, be careful of adding them to your policy as your premiums will increase unavoidably. Also, if there are people on your policy who rarely use the vehicle, remove them from your policy. It is now very easy to get cover for limited periods of time, by keeping them on the policy you will be paying without good reason to.
While the above points relate to specific circumstances and may not necessarily reduce your premium, the following tips definitely will do so: 1) fit a Thatcham-approved alarm, immobiliser or vehicle tracker, 2) increase your voluntary excess, 3) consider a telematics policy and 4) consider an approved advanced driving course (such as RoSPA or Pass Plus).