Slash Your Motor Insurance Costs

A common assumption by many UK motorists is that the main cost of running a car is buying the vehicle in the first place. Some drivers are therefore shocked to learn that obtaining car insurance can occasionally cost more than the value of their vehicle.

This is especially true for people who have just passed their test as they often buy a cheaper car with the intention of keeping motor insurance costs to a minimum until they build up their no claims bonus

While car insurance is a legal requirement you can make efforts to reduce the cost of your policy, here are just a few means by which you can lower your motor insurance premium:

Become an advanced driver ? passing an advanced driving course can help save more than 20% on an average policy as you have demonstrated the effort to become a better and safer driver.

Protect your car ? parking more securely overnight, such as in a garage, can reduce your premium as your vehicle is less likely to be a victim of damage or theft

Avoid small claims ? making claims on your policy will increase premiums when your renewal data comes round and make it difficult to build up a no claims bonus. Consider paying for minor repair yourself as your insurance will be cheaper in the long run. Ideally avoid making a claim when the cost is less than ?300-?500.

Add a named driver to the policy ? having an experienced driver on your car insurance policy could save you between 10-15% on the price of your cover, particularly if the named driver has several years no claims bonus.

Shop around ? compare car insurance quotes from as many companies as possible to increase your chances of finding the best policy at the cheapest price available

Avoid modifying your car ? insurance companies traditionally dislike modified cars as they are associated with drivers more likely to make expensive claims, deciding against modifications can substantially cut down your insurance costs.

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