7 Hacks to Help You Save Money on Car Insurance

Ensurance Compare
Sep 5, 2018 · 3 min read

Car Insurance is expensive.

It can cost you hundreds of bucks every year without ever needing to put a claim.

But, it is necessary to get your car insured. It is legally required to have an insurance policy if you want to drive your car on the roads. Also, it can save you from a lot of financial hassle in case of an accident, vandalism or theft. Effective car insurance is prudent and practical but it is also usually very expensive. Depending on your mileage and requirements, you can be paying from hundreds to thousands of pounds which add to your expenses.

But, it is not obligatory that you pay an enormous amount of money to get your car insured. Acting smart and knowing what you are paying for can help you save money on your auto insurance policy.

Here are simple and easy to follow hacks to thin your car insurance expenses.

1- Compare Car Insurance Prices before Buying Car

Instead of making insurance policy an afterthought of car purchase, you must make it a part of the selection criteria. When you are checking different models and makes of the car, you should take your time out to compare the prices of their insurance policy. It will give you a clearer picture of what your yearly insurance expense will look like.

2- Shop Around for Policy

When you have bought the car, your job is not done. You should not limit shopping around to the car purchase, but you should also use this money-saving trick in buying the insurance policy. The insurance experts recommend car drivers to get at least three quotes and compare them on price, features, benefits, and credibility of insures.

Even though you can get a car insurance quote online, it is suggested to use comparison websites as these can get you auto insurance quotes from multiple insurers across the state/country.

3- Add Your Drivers Carefully

Not everyone needs to be added to your insurance policy and it cannot always be cheap to add multiple drivers on the same policy. For example, adding a teen driver to your policy can increase your premium as these are considered as a high-risk driver. Therefore, instead of adding everyone to your policy, you should carefully select the drivers. When it is needed you can buy a temporary cover for the driver for a few days.

4- Raising Your Excess

The excess is the amount that you pay in excess to the insurance claim in case of an accident. Raising your excess can lower your premium significantly. However, it can be a difficult decision as you can face hefty bills and repair costs in case of an accident. Owning an expensive vehicle and raising your excess to high can mean that you are in for thousands of dollar expense when the need arises.

5- Good Driving Performance

If you have a good driving history with only a few claims in the past, insurance companies will be happy to offer you special performance discounts. A clean claim record makes a careful driver who is often rewarded with lower premiums.

6- Compare Multi-Car Insurance Policy

If you own more than one car, you should look for multi-car insurance discounts. Combining your cars’ insurance policy into one can decrease the premium that you pay. But, you must check the quotes through Car Insurance Comparison as in some cases; the multi-car policy can be more expensive than the single one.

7- Secure Lock for Your Car

Another way to lower your insurance premium is by installing a high-security car lock in your car. A security lock means that your car is better protected against theft and vandalism and insurers acknowledge it with discounts and special deals. Every insurer asks about your car’s security lock in the get quote form and having a lock can help you save money.

Ensurance Compare

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