It is an obvious fact that most new and young
drivers are on a limited budget when it comes to car insurance so with this in
mind this article has summarised 17 handy tips which you should try to consider
when trying to find a low cost motor insurance policy.
1. Do some research – Try to
find insurance company's that specialize in policies for your age, gender, car
and occupation. Ask around, people who have the same occupation or car as you
could give you valuable information on what insurance will suit you best, and
whether the policy they are using is good or bad. Shopping around is probably
the best tip you will find and is very inportant if you want to find the best
quote.
2. NEVER take the first quote – The
first quote you get on your car is most likely to be quite high. Insurance
companies known that until you have received a few quotes you will not know a
realistic one that will suit you. So never take the first quote you receive no
matter how good the deal seems.
3. Phone around – When you
have a few companies that have caught your attention phone up the companies or
car insurance brokers (3rd parties who are simply giving you a quote and not
actually 'underwriting' your policy) see what quotes they are giving and if
they can give any better.
4. Have awareness – Those
companies who have all this money to spend on advertising probably are not
giving the cheapest policies to customers, but the large amount of money could
mean a lot more coverage is available.
5. Play companies off against each
other – Do some research and make detailed notes about all the aspects
of each quote you receive, then play the companies off against each other.
There isn't much point in lying as most the insurance companies are very aware
of the real cost of a car insurance quote. The phone operatives have the
ability to negotiate on the price of their quotes and all of them would rather
drop the cost than lose good business to a competitor.
6. Mileage – Consider how
much mileage you are roughly going to do, less mileage means less time on the
road which reduces the chances of accidents. A limited mileage policy is a very
good way to get better car insurance quotes.
7. No Lying – LYING! will
invalidate your policy, and most companies record telephone calls to cover
themselves against litigation. State all modifications on your car and if
someone else is likely to use your auto-mobile and whether you will use it for
business.
8. Drive more carefully – Not
having accidents is very hard to escape but by joining the Pass Plus scheme or
by taking an advanced drivers' course, discount offers can reach up to 35% from
some of the major insurers.
9. Protect your no-claims bonus - This
may increase the premium by a few pounds, but this fades into insignificance
against the potential loss of a 60% discount on a premium of several hundred
pounds. But the definition of a protected no-claims bonus can vary widely
between insurers. Though accidents caused by another driver will normally have
no impact on such a bonus, those caused by the insured could.
10. Garage – If you store
your car in a garage, then your car is a lot less likely to get stolen or
damaged, so a good way to bring down the cost is to store your car in a garage
but remember lying is a criminal offence and would cause you a lot of trouble.
11. Buy online – A lot of
insurance companies offer discounts for people who buy online.
12. Voluntary Excess - If you
agree to accept a voluntary excess (the amount you agree to pay in the event of
an accident), you can reduce your premium.
13. Don’t automatically buy
comprehensive - If your car has a low value you can save a third off
your premium by insuring your car for Third Party Fire and Theft.
14. Named drivers - Adding a
named older driver to your car insurance policy, i.e. your parents, can save
you 10% on your premium. Likewise, avoid having younger named drivers on your
policy.
15. Pay your premium in one go - It
is often cheaper to pay your years car insurance in one lump sum rather than in
monthly installments. Most insurers charge interest of around 15% APR (some up
to 30%) to allow you to pay your premium in monthly installments.
16. Pass Plus - The pass plus
examination is for new and young car drivers who have passed their practical
test. It is an intensive training course that helps improve new and young
drivers abilities on the road. The pass plus allows you to get up to a discount
of up 35% on your car insurance. Taking the Pass Plus will cost around £100 but
given the high cost of new driver car insurance you should save more than this
on your car insurance premium. Ask your driving instructor for details.
17. Work traveling – If you
do not use your car to travel to work then you might be getting coverage you do
not need.
For more FREE TIPS
[http://www.ascon.demon.co.uk] about lowering your insurance quote go to
ascon.demon.co.uk [http://www.ascon.demon.co.uk]
For more information about driving schools,
motor car insurance, the pracitcal driving test and the highway code visit
DRIVINGwise [http://www.ascon.demon.co.uk].
Article Source: http://EzineArticles.com/?expert=Tommy_Connolly
Article Source: http://EzineArticles.com/299890
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