20 Easy Tips to Cutting The Cost of Your Car Insurance (Part Two)

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11) Third party insurance. Insuring your car with ‘Third Party Only’ insurance is the bare minimum cover you are expected to have by law, it is also the most inexpensive insurance you can buy. If your car is of a minimal value then you might give some thought to this type of cover.

You need to bear in mind that with this particular type of insurance cover if you were to have some sort of an accident then any damage to your car would not be insured for repair.

12) Keep a clean driver’s licence, all insurance companies take driving convictions seriously and they can significantly increase your car insurance premium, by keeping a clean driver’s licence demonstrates to the insurer that you are a safe and careful driver.

13) Remove any unnecessary drivers. If you have a young driver on your insurance policy that no longer use’s the vehicle you should remove them as this will reduce your premium.

14) Young driver’s add an older driver. Some insurance companies will reduce young drivers premiums if they have a older named driver on the insurance.

15) Build up your no-claims discount. One of the biggest factors affecting your car insurance premium is the number of years no-claim’s discount. You could receive up to 75% discount for around 5 years of no claims. The more years you can stay claim free the safer driver your insurance company will see you as.

16) Protect your no-claims discount. Although this will increase your insurance premium if you have a lot of years of no-claims you may want to protect this as a small claim may increase your premium by up to 75%.

17) Buy a lower insurance group car. A very important factor to your insurance premium is what car you drive. Most insurance companies adopt the Association Of British Insurance Group Rating. This rates vehicle’s from 1 – 20 generally speaking the higher the group the higher the premium. By buying a car with a lower group rating can lower your premium especially for young or inexperienced drivers.

18) Join a car club.If your vehicle is a classic or specialist consider joining a club related to your car most clubs offer insurance schemes which have very good premium rates.

19) Put your spouse as a named driver. Some insurance companies offer discounts when you add a spouse as a named driver as opposed to unmarried couples, they see marriage as a sign of stability and associate stability with safe driving and there for give you a discount.

20) Take the pass plus course. If you are a new driver consider taking your pass plus. Some insurance companies could give you as much as a 25% discount and when you have just passed your test and have no no-claims this could make a considerable saving.

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