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Home | FAQs | Top
Tips | Buying
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Want to reduce
your insurance premiums - follow these tips.
None of us wants to pay over the odds for
Insurance; we all want the lowest price, but price isn't everything.
You must think about other factors such as the quality and
level of customer service offered. You need a helpful, pleasant
and professional company, particularly if you are involved
in a claim. Remember this and follow these tips to get the
best deal. |
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- You must shop around. Different companies specialise
in different customers, so try to find the one that matches
you. Examples would be companies specialising in women drivers,
the over 50's or young drivers.
- If you can use the internet to find a quote, and
then buy online, this will usually save you money as online
companies have lower overheads. This is the best way to get
low cost insurance
- Make sure that your vehicle has insurance industry
approved anti-theft devices. The fitting of approved alarms
and immobilisers will usually reduce your premiums
- If you have more than 1 car in the family, then
insure all your vehicles with the same company. This may
entitle you to a discount for multiple vehicles
- Check out if you can save money by putting all
your other insurances such as home, contents and personal
injury with the same company. This may well save you money
on all of them
- Before you buy, check the insurance group of the
vehicle. Premiums often vary on very similar vehicles.
There are 20 Insurance Groups, from the cheapest Group 1
to the dearest Group 20. The best vehicle for low cost insurance
purposes is a standard model, reliable, low profile model.
- Check the insurance group of any new car you are
considering purchasing. Premiums can vary greatly on seemingly
similar vehicles. Groups run from 1 to 20 with group 1
vehicles being the cheapest to insure. A reliable, low profile
vehicle is the best type to have if you want low cost car
insurance UK .
- How valuable is the vehicle. If you can afford
to replace it, then you may not need comprehensive cover.
Usually if your vehicle is a write off, you will only get
the current market value, which may be mush less than you
paid, often less than a thousand pounds. Carefully compare
this with what you could save by buying non comprehensive
insurance
- Choose the highest excess you can afford, this
will reduce your premium
- Do you have a vehicle specifically for the younger
drivers in your household? Then make sure it is a less
valuable, low insurance group, older vehicle.
- Higher premiums are often
imposed by Insurance Companies if you drive a non standard
vehicle, one that has been modified. Always check with your
insurance company before you make any alterations to your
vehicle, or you may get a shock.
- Try to keep your no claims discount. If
you lose this your premiums will rocket. Before you make
a claim, carefully think about how this will affect your
insurance costs, over the next 4 to 5 years. You will be
surprised. It often isn't worth claiming for minor scratches
and dents.
- If you
can keep your car in a locked garage, this will reduce
your premiums considerably
- If you are over 50, ask about premiums
for the older driver. Often companies will reward the experience
you have gained over your years of driving
- Buying an imported
vehicle may appear attractive and a bargain, but watch
out for an increased insurance premium as specific parts
and repairs can be more costly
- How many miles do you do every year? You
could get a reduction on your premiums by declaring a low
annual mileage
- Check out a broker or company which provides
quotes from a number of companies, by shopping round for
you, they may get you a great deal
- Are you a student? Some companies
specialise in this market, although the premiums are still
usually very high
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