Four Ways to Save on Your Car Insurance

For anyone that owns a car, insurance is a must. Not only is it a legal requirement, but you will also be able to make claims against the value of your car should you find yourself in an accident, an especially useful facet if it’s not your fault. It can, however, often be expensive, and many people bemoan the annual fee payment that often stings their wallet more than anything else. If you haven’t changed your car insurance provider for years and you’re looking for a better deal, consider these easy steps to see how you could save.

Consider Third Party Fire and Theft
By law, Third Party Fire and Theft is the lowest amount of insurance that you’re allowed on a vehicle. It covers you against theft and damage by fire to your car, and it will also cover you for any legal fees should you be drawn to court because of an accident. It will not, however, cover you for damage sustained to your vehicle should you have an accident. Because of this it’s not recommended to have Third Party Fire and Theft if you have an expensive car, but it can be a very good way to drive down costs on a cheaper model.

Drive Less, Pay Less
It’s not only the environment that will benefit if you drive less: your wallet will too. When you drive less you use less fuel, and you also lower your risks of crashing. Insurance providers take this into account when you request a quote, and they’ll ask how far you’re going to drive in a year. The lower the number you give, the lower your quote is likely to be. However, if you give a very low number but drive over it during a year, you may void your insurance, so make sure you check the small print. The best answer is to get on your bike and drive less!

Don’t Pay in Installments
It’s so tempting not to pay all in one go and merely pay monthly. However, using this method will almost always prove more expensive in the long term. Monthly charges for car insurance are often charged at a 20% premium to a one off fee. Pay it all in one go, be done with it, and then you won’t have to deal with expensive APR payments on top of your quote.

Shop Around
Out of all the methods considered to drive down the cost of your car insurance, it’s more than likely that simply shopping around will save you the most money. If you go to a few price comparison websites, and then a few websites of insurers that you’re not too familiar with, then you should easily be able to find the right quote for you. Within just a few hours you’re likely to shave hundreds of pounds from the first quote that you saw. If you want a decent insurer to get your search for a car insurance quote started, then take a look at Co-Operative Insurance.