If you’ve purchased a new car that was a little more expensive than those you usually drive, you’re probably looking for ways in which you can reduce insurance costs. To be honest, most people find themselves in the same situation from time to time, and so we thought today would be the perfect occasion to offer some good advice. We’ve looked at the way in which a number of different mainstream insurance specialists operate, and we believe we have come up with the ideal solutions for you. By taking note of our guidance and making changes to the way in which you deal with insurance companies, you could save hundreds each and every year.
None of the guidance we’re about to give requires you to break the law or even bend the rules. It’s all about making the rules work for you. Take a look at each of the points made below, and we are convinced you will be in a better position to make savings. At the end of the day, who wants to pay over the odds for a service they can get much cheaper by using some common sense? Not us, that’s for sure.
Keep your car in a garage
When obtaining car insurance quotes, you are always asked where you keep the car during the night. Those of you who keep it on the road or a public car park will receive the highest quotes. Those of you who keep your vehicle on a private drive will make some savings. However, those who choose to keep their car in a garage will encounter a vast reduction in their insurance quote. That is because the number of cars stolen or damaged while in a locked garage each year is much fewer than those kept in alternative locations. Do yourself a favor and keep yours hidden away if you want to save on insurance costs.
Get the right policy
You’d be shocked by the amount of people who discover they do not have an appropriate insurance policy each year. If you make the smallest of mistakes when telling the insurance company your information, you could receive a quote that is vastly inflated. You could also find that your insurance is void when you try to make a claim. To remedy that situation, you should have all the necessary paperwork to hand when getting quotes online or on the phone. If you realize you have made a mistake at any point, you should get in touch with the relevant company immediately and rectify it. The last thing you want is void insurance. You can guarantee you will find yourself involved in a crash if your policy isn’t adequate. If that happens, you could land yourself in a lot of trouble financially.
Use price comparison websites
Thankfully, there is no longer a need to call ten different insurance companies to find out who will offer you the best quote. Price comparison websites like Comparaencasa.com can do all the hard work on your behalf. You simply enter your personal details and any information about the car you want to insurance. After that has been done, the website will pass your information to insurers in seconds. They will then come back to you with the best offers. It’s like shopping around except you don’t have to deal with all the logistics. Half an hour spent on a price comparison website should be enough to guarantee you get the lowest quotes possible.
Drive fewer miles
When you enter the details about your car into price comparison services, you will be expected to let insurers know how many miles you drive in the vehicle each year. You should never lie in that section of the questionnaire because there could be some terrible consequences. You have to let the insurer know how many miles are on the clock at the current time, and you’ll have to do the same if you are involved in an accident. So, those of you who estimate too low could find your insurance is void because you’ve already out-driven your original figure at the time of the accident.
Opt for a higher excess
Most insurance companies expect you to pay a certain level of excess if you are involved in an incident that will require repairs. The bulk of people will opt for the quote with the lowest excess, but that isn’t always the best course of action. You could make significant savings if you decided to opt for a lower premium with a higher excess. Of course, that would mean you would have to put your hands in your pockets if anything went wrong. However, the chances of that happening are pretty slim, and so some people think it is worth taking the risk. The decision is down to you. So long as you can keep enough money in the bank the cover the excess payment at all times, maybe you should employ this technique?
Drive less frequently
Another brilliant way of paying less for your insurance is to drive less frequently. For instance, some companies now offer reduced rate cover for people who only drive on the roads at certain times of the day. That’s right! You can get an insurance policy that only covers you between the hours of 9am and 5pm. You can also get policies that only cover you for certain days. So, people who never drive on the weekends could make lots of savings. Just remember that you won’t have any cover if you choose to drive outside of the predetermined schedule. That means you will be breaking the law if you get on the roads when you don’t have appropriate cover. If you get stopped by the police, they will take a dim view.
Now you know how to get the best deal possible on your car insurance, we hope you manage to drive the price down and save yourself some money. When all’s said and done, keeping a vehicle on the road can be expensive enough before you start thinking about insurance. So, it makes sense you would do anything possible to drive your costs down.