| 1 Excess
All policies have an 'excess' - that is the amount you will
have to fork out if you make a claim on your car
insurance. It can range from £50 upwards. However,
choose to pay an additional excess on top of the compulsory
excess and you'll pay a lower premium.
2 Residence If your car is garaged overnight
or on your driveway, you'll pay a lower premium than if it
was left in the street.
And those who live in the country will
pay less than someone living in an inner-city.
3 Grouping While you may be able to
pick up a second hand Porsche at a bargain price, you'll more
than make up it for the cost of insurance. Check out the group
- the lower the group number, the lower the premium.
4 Drivers Limit the number of drivers
on your vehicle and you'll get a better deal on your insurance.
5 Age, sex and occupation These can
all have an effect on your premiums, as can part-time jobs.
6 Modifications and security A modified
car will attract higher premiums.
Check the security levels on your car:
immobilisers, a steering lock, and a detachable stereo could
help reduce your premiums.
7 Shop Around Don't automatically accept
your current insurers' quote at renewal time - shop around.
Use our directory of car
insurance providers to find the best deal for you.
Author
Motor Car Loans an automotive resource guide for those looking
to buy, insure , sell or in fact do all most anything with
a car. Sign up to our free car
insurance course, send an email to motorcarloans@getresponse.com
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