Tips To Save On Car Insurance

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Most people wonder why their car insurance premiums are so high. There are minor issues that you may not be aware of that make car insurance expensive. Here are some tips on how to save on car insurance.

First, avoid putting everyone on your policy. The higher the number of people,  the more it will cost. Name only regular drivers on your policy then add anyone else you want to when necessary.

Two, protect your no-claims bonus because it ends up cutting your car insurance cost in the end. However, the no-claims bonus varies for many people depending on different circumstances. This is why you must make sure you read your policy properly and understand all the percentages involved. Keep in mind that accidents caused by other drivers will most likely affect the no-claims bonus.

Three, you can increase your voluntary excess by agreeing to pay more in case of an accident according to Money Expert. If this is the case, the amount of premium will decrease. The advantage of this is if there is an accident and you are not at fault, the excess can be recovered. This option works best if you have a high-value car. Do not let the excess get too high, though. Know the best limit for the type of car you own.

Four, you can ensure that your car is secure. A car that has a lesser chance of being stolen will have you paying a lower premium. Invest in a good anti-theft tracking device and a state of the art alarm for the car. Your insurance supplier will check these when deciding on insurance rates.

Five, reduce your car's mileage. Your insurance provider will check your mileage when deciding how much premium you should pay. This is also affected by the age of the driver. If you have a lower mileage and you are over 40, then you will likely save on the insurance. Do not cook up numbers that are inaccurate as this can end up being disastrous. If you do not use your car to drive to work then you can choose a cover that is suitable for you and reduce the rate of your premium.

Six, beware of adding young and inexperienced drivers to your policy. This is especially disadvantageous if you have a big car or a higher powered one. A young driver means a higher premium rate. This does not however mean that you should go along and insure your child's vehicle in your name. There can be dire consequences from the insurance company.

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