Did you know that as many as one third of all motorists are paying too much for their car insurance? All too often, motorists take out insurance by simply picking the same insurance company as their friends or family members, then stay with the same insurance provider year after year, believing that their no-claims discount alone is enough to get them a good deal.
You could save a fortune on your car insurance if you took the time to shop around. Young drivers can benefit the most if they are sensible drivers, because opting for a blackbox policy, one which uses a monitoring system to track driving habits, could significantly lower their premiums.
Using a price comparison website could also help to save you a lot of money on your car insurance. Remember that no claims discounts will follow you when you move from one insurance provider to another, so it is well worth checking the market to see what is available before you renew your policy each year. Don’t forget to take advantage of other offers too – some insurance providers provide more than just car insurance on their policies, so you could save money by getting your travel insurance or home insurance from the same provider.
In some cases, simple changes to the way you look after your car could save you a lot of money. Try to use off-street parking, fit a steering immobilizer, and purchase a good alarm and tracking system. If your car is shared, make sure that only regular drivers are actually named on the policy. Don’t put family members who never drive your car on the policy just for convenience. If someone ends up needing to borrow your car for a few days because theirs is off the road, call up and add them then, and remove them again when they no longer need to drive. It doesn’t make sense to pay for cover that you rarely use.
Don’t forget that the type of car you drive affects the amount you pay for insurance too. Next time you’re shopping for a car take a moment to investigate how much insurance for it will cost (consider checking auto insurance online). You may find that the sporty car you are in love with will cost a fortune to insure and you could save a fortune by opting for a lower powered car or one with a less sporty look.