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Car insurance: How to save money when you renew your policy

21 Dec , 2018  

When renewing your car insurance, we understand that you’re always looking to save money year upon year and expect to be rewarded for safe and problem-free driving. When approaching new insurance companies for quotes, there are various methods that you should consider in attempts to lower your yearly premiums. Here are some of the best techniques…

 

Increase your voluntary excess

Increasing the voluntary excess on your car insurance is a great way of reducing your yearly premiums. Your excess is the amount of money you volunteer to pay towards a claim in the event of a road incident or any other issue. Hence, you can show that you’re a safe and reliable driver – and, if the accident isn’t your fault, you can claim back your costs.

 

Always shop around

If you’re looking to extend your car insurance, it’s a good idea to shop around and find the best deal for you. Never simply take the first offer that you’re given, and always factor in as many variables as possible to see if any driver scenarios or additional drivers could lower your insurance.

Still, “shopping around” by approaching individual insurers one by one can feel depressingly time-draining. Hence, why not consider an insurance broker like Call Wiser? This company can compare various car insurance quotes on your behalf to help you find an especially suitable one for you.

 

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Why not install a “black box”?

Black boxes provide a great way of reducing car insurance premiums and rewarding drivers for safe driving. They monitor the vehicle’s speed, acceleration and braking, as well as the times of day that it is driven, and offer scores based on the driver’s performance.

You will be rewarded for adhering to speed limits and avoiding harsh braking and acceleration. A high score on your black box can mean quarterly or yearly reductions in your premium. However, unsafe driving can increase your yearly costs.

 

Make the most of your security assets

Do you have a garage that’s filled with clutter? Make the most of your garage by ensuring your car is safely stowed away overnight. Additionally, why not consider purchasing a car alarm or other security devices to ensure your vehicle is the safest it possibly can be from theft or burglary? Adequate security on your vehicle can reduce your car insurance by up to 5%.

 

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Less miles, greater savings

In the eyes of insurers, the less time you spend on the road, the better. This is because, the less time you’re in the proximity of other cars, the less chance you have of getting involved in a crash or other accident.

Keeping track and providing accurate vehicle mileage can show potential car insurers that your car use is low-risk, which may result in a smaller insurance premium when you renew the following year.

Make sure you make the most of these tips for reducing your yearly car insurance. When speaking to insurance providers regarding renewals, it’s important that you are honest about your driving situation and provide only the most accurate information possible.

 

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Owner / Editor of Carwitter - French car fiend, hot hatch lover. Freelance writer and car journalist I've turned my passion for cars into my livelihood.