5 tips for getting cheap car insurance in the United Kingdom
One in three policyholders pays over the odds for car insurance, according to a past report by the Royal Automobile Club (RAK); and almost half of all British car owners do not bother to seek a number of insurance quotes before taking out cover. Moreover, one in four British car owners renew their car insurance cover immediately without considering the opportunities to save that open up at renewal. If you don’t want to be among those that pay over the odds premiums for car insurance, these 5 tips for getting cheap car insurance in the United Kingdom can steer you towards lower premiums.
1. Shop around
Before you buy any car insurance, shop around for the best deals first. You may be pleasantly surprised to learn that you can save over £115 when renewing your policy if your take some time to search and obtain at least seven different quotes.
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Many people only get three quotes and settle, meaning they miss out on the opportunity to save money when buying insurance. Make sure you compare like-for-like covers when shopping for insurance. Some policies may come cheap, but you may soon realise they don't give the same level of insurance protection against claims.
2. Purchase cover online
The internet is one of the best places to find discounted prices on almost anything you want to buy. Buying car insurance online is not different. You will find many competing insurance providers who offer very attractive quotes to win your business. Besides, most insurance companies encourage purchasing insurance online because this purchase is more convenient and financially economical for them too.
3. Pay more voluntary excess
Pay more toward the cost of accident damage repairs to bring your premiums down. Increased voluntary excess payments not only lower your premiums, but also can be recovered if you are involved in an accident for which you are not at fault.
4. Watch your mileage
If you don’t use your car much other than occasional drives to work, you may be a good candidate for getting cheap car insurance in the United Kingdom. Generally, the fewer the miles a car covers, the lower will be the car insurance premiums charged. For example, a 35 year old female driver can save more than £100 in annual premiums if she cut off a mileage of 10,000 miles in a year.
Check with your insurer to see if you can get a cheaper insurance rate if you don’t use your car much. Also, look out for innovative usage-based car insurance schemes, also known as 'pay-as-you-drive' insurance, like DriveSafe Insurance from AA and Coverbox if you are interested in paying lower rates, depending on your car mileage.
5. Choose a car model that is cheaper to insure
The value of your car is one of the key factors that determine your car insurance cost. Sporty and luxury cars will generally cost more than your everyday road car. You will pay more insurance for a Ferrari sports car, for example, than for a Ford Fiesta. If you are looking to pay low car insurance premiums, you might have to go for car models that are cheaper to insure.
A slightly different car model with minimum specifications and a smaller engine can make a big difference in your getting cheap car insurance in the United Kingdom. Moreover, a cheap to insure car will also likely save you more on petrol costs.