Tips For Reducing the Cost of Your Car Insurance
If you're looking for ways to lower your annual car insurance then try following these steps:
1. Increase your deductible - By giving yourself the lowest deductible possible you're also increasing the risk that your insurance company takes when they insure you. The deductible is basically the amount you need to pay before your policy becomes active, so if you have a high deductible, and suffer a minor crash, you might not be able to claim for it, but doing so will save you money on your policy. Remember that their increased risk means your increased cost.
2. Park your car off the road, ideally in a garage - This is the simplest way of reducing your insurance premium, and is also the best way to stop your car getting stolen. Why would a thief chose to break into your garage when there are 10 other cars on the same street? The answer - they wouldn't. Doing this can take up to 20% of the cost off of your premium and is something everyone should do.
3. Don't settle for the first offer - Make sure you look around as many insurance companies as you can when looking for a quote. Being ruthless save a lot of money, so don't feel like you have to be loyal to any one company - insurance is a dog eat dog world. Shopping around for a bargain and getting multiple quotes can be very rewarding in the long run.
4. Take an extra driving course - Taking a defensive driving course is one of the big secrets to getting a low car insurance price. You can volunteer for defensive driving courses which can lower your insurance premium by over 10%.
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