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Car insurance
Online
specialist
Organisations
Banks
Supermarket
One of the
best ways to keep your car insurance costs down is to have a good
driving record. Listed below are other things you can do to lower
your car insurance costs.
- Shop Around
Prices vary from company to company, so it pays to shop around.
Get at least three price quotes. You can call companies directly
or access information on the Internet. Get quotes from different
types of car insurance companies. Some sell through their own
agents. These agencies have the same name as the car insurance
company. Some sell through independent agents who offer policies
from several car insurance companies. Others do not use agents.
They sell directly to consumers over the phone or via the Internet.
Don't shop price alone. Ask friends and relatives for their recommendations.
Pick an agent or company representative that takes the time to
answer your questions.
- Before
you buy a new or used car, check into car insurance costs. Car
insurance premiums are based in part on the car's sticker price,
the cost to repair it, its overall safety record, and the likelihood
of theft. Many insurers offer discounts for features that reduce
the risk of injuries or theft. These include daytime running lights
and anti-theft devices.
- Ask for
Higher Deductibles, Deductibles are what you pay before your car
insurance policy kicks in. By requesting higher deductibles, you
can lower your costs substantially. For example, increasing your
deductible from £200 to £500 could reduce your collision
and comprehensive coverage cost by 15 to 30 percent. Going to
a £1,000 deductible can save you 40 percent or more. Before
choosing a higher deductible, be sure you have enough money set
aside to pay it if you have a claim.
- Reduce
Coverage on Older Cars Consider dropping collision and/or comprehensive
coverages on older cars. If your car is worth less than 10 times
the premium, purchasing the coverage may not be cost effective.
car dealers and banks can tell you the worth of cars. Review your
coverage at renewal time to make sure your insurance needs haven't
changed.
- Buy your
Homeowners and car Coverage from the Same Insurer Many insurers
will give you a break if you buy two or more types of insurance.
You may also get a reduction if you have more than one vehicle
insured with the same company. Some insurers reduce the rates
for long-time customers. But it still makes sense to shop around!
You may save money buying from different car insurance companies,
compared with a multi-policy discount.
- Seek Out
Other Discounts Companies offer discounts to policyholders who
have not had any accidents or moving violations for a number of
years. You may also get a discount if you take a defensive driving
course. If there is a young driver on the policy who is a good
student, has taken a drivers education course or is at a college
out of the area without a car, you may also qualify for a lower
rate.
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