How can I get cheaper car insurance?
Top ten tips for cheaper car insurance for young drivers:
If you are a young driver, the experience gained from completing the Pass Plus course will often ensure you receive a more favourable quote from car insurance companies. Young drivers could save in the region of 30% on their first policy. You can learn more about the Pass Plus from this link – Pass Plus scheme for car drivers
Choice or car:
Choose your car wisely. You must consider the car’s insurance group rating which fall between 1 and 20, with a lower number being the cheaper to insure. The engine size, make of car, its age and value are all used in calculating insurance quotes. Try and keep car modifications to an absolute minimum, unless they are to improve security.
Get a variety of insurance quotes online:
Apply for numerous insurance quotes through comparison sites like www.gocompare.com, www.moneysupermarket.com or www.confused.com. Remember to compare all insurance quotes on a like-for-like basis though, as you might find one insurance policy comes with breakdown cover as standard, while another it may have to be bought separately and the cheaper quote may require a much higher excess. Many companies now offer a discount for buying car insurance online, sometimes as much as 10%. Check each year that you’re still getting the best deal.
Only Young Drivers provides cheap car insurance for young drivers by using a unique over the phone risk assessment application and Only Young Drivers gives young motorists a quote based on their own merits. Only Young Driver are not on price comparison websites. If you are beween 19 & 24 years old then you might want to get a quote for Young Drivers Insurance So if you’re a genuinely careful and responsible young driver, with a track record to prove it Only Young Drivers will help reduce the cost of your car insurance. What’s more our Only Young Drivers policies are provided by leading insurers to give the reassurance that you’re covered by companies you can trust.
Increase voluntary excess:
The excess is the initial sum of money that you the policy-holder will pay towards the cost of any claim on your car insurance. By raising the excess level not only will you pay more towards any claim, but would be less likely to put in for a small claim, therefore reducing the risk attached to you in the eyes of the insurer. Normally, the lower the risk you are the lower the insurance premium is likely to be.
Reduce the risk of theft by parking your vehicle off-road. Garages and driveways are a big deterrent to thieves, so if you are able to park your car safely in either of these then it’s always advisable to do so. This alone can save you 5% on your car insurance.
Car security devices:
Any extra security measures you take to deter thieves from stealing your car will further decrease the risks you pose to the insurance company, such as having an alarm fitted, Immobiliser and steering lock.
Build no claims discount:
In most cases having a no claims bonus is probably the most reliable way of reducing the cost of car insurance. Therefore, try and build your no claims discount as soon as possible. This will mean you have to have your own car insurance policy before you can build your discount, and for most young drivers this will seem very expensive, but the sooner you build your discount the sooner you can start to enjoy the benefit it gives on your car insurance.
Named drivers on insurance policy:
Young drivers might get a better quote by adding someone older or more experienced to their car insurance.
Young drivers age thresholds:
If you have a birthday looming, then wait until you have it before applying for car insurance if possible as most insurers will use key birthdays as thresholds to cheaper insurance. So, when taking out car insurance if you bought the policy after your birthday and not before, on paper you will always appear one year older. Over time this could save you money as you will reach those important insurance thresholds earlier (21 years old – 25 years old).
Reduce insurance coverage:
Third Party Fire and Theft is normally a lot cheaper than Fully Comp Insurance, however you do get a lot less cover for your money. But if you only have an inexpensive run-around to insure then it’s often worth considering.
Third Party Fire and Theft
- Cover for vehicles whilst not on a road or in a public place within the defined territorial limits
- A higher limit of third party property damage cover (£20,000,000)
- Cover for anyone driving or using the vehicle with the insurer’s permission and permitted to drive by the policy
- Indemnity to passengers, employers or business partners of the insured, should they be held responsible for an accident
- Legal costs for defending a claim
- Limited legal representation costs following a prosecution for a motoring offence which may give rise to a claim
- Cover for the insured while driving another car that does not belong to them (not all insurers provide this cover and those that do exclude the use of this extension as a means of securing the release of vehicles seized by the police for having no insurance).
- Cover for fire and theft.
Fully Comp InsuranceThe main benefit of comprehensive insurance is that you will also be covered for accidental damage to your own vehicle and for malicious damage. Breakdown cover, cover for driving abroad and loss of vehicle (cover the cost of being without your car -or provide a hire car) can be on as standard or may require an extension to the policy.