How to reduce car insurance costs

Wednesday, 05 January 2011

If you're looking to reduce the cost of your car insurance, the Daily Telegraph could have some tips for you to follow.

Firstly, make sure you shop around to find motor insurance. The news provider advises using price comparison sites to make this easier for you and ensure you check the level of cover being offered.

Buying online could save money as overheads for providers are "greatly reduced".

If you pay for your insurance in one go, instead of monthly instalments, you could pay far less, according to the newspaper.

Make sure you illustrate to insurance providers how likely or unlikely you are to claim. For example, if you have a garage - use it - motor insurance costs could be reduced then.

If you increase your voluntary excess, your premium is likely to drop in price.

It is worth considering whether you definitely need comprehensive insurance, or whether third party, fire and theft cover could suffice for your needs, the paper suggests.

Recently, advised motorists to check their car insurance included breakdown cover to ensure they are not stuck in the cold if they have problems with their vehicle during the winter.

Posted by Noel Martin

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