Shop
around for insurance every year. Each insurance
company calculates its rates differently and premiums
can vary by as much as a thousand pounds in some
cases. As a general rule contact three companies,
if the premiums are roughly the same the you probably
aren't going to save much by continuing.
Cost
reduction tips
If
you have a garage - park your car in it and
tell your insurer that you are doing it
Don't
say you do more miles than you do. Another tip
is that if you do just under 10,000 miles a
year, try putting 9,999 in the estimated mileage
box. This could move your mileage into a different
bracket and get you cheaper insurance
Only
insure what you need to insure and don't include
drivers on your policy who never drive
Consider
taking a higher excess - this can save money
If
you get married - tell your insurer as many
treat husband and wives as lower risks. It can
be result in cheaper insurance than just one
of you driving
Use
the internet?
Many
insurance providers offer discounts for customer
who use the web this can range from 5% to 20%.
We have included links to some insurance providers
who could save you money. Why not give them a
try?
Warnings
What
every you do don't lie or withhold information
that is requested. The last thing you need is
for a claim to be refused because your insurance
has been invalidated. Even if you don't have a
claim you could be prosecuted for fraud.
Insurance
myths
Women
are safer drivers - this is certainly true for
young drivers due to the fact that women mature
slightly faster than men. But by early 20's
this is no longer the case and there is no evidence
to suggest that women are safer drivers.
Insurance
companies have no way of checking if I have
lied about a past claim - Wrong, insurers have
a number of systems they subscribe and share
information with. Just because an insurance
company takes your business doesn't mean you
have got away with it. Most insurers will only
check the information you give when you make
a claim. If they find that you have lied you
could find that the claim is not paid and you
may even be charged with fraud.
