How to get the cheapest car insurance: 10 tips for cheaper car Insurance

How to get the cheapest car insurance – It’s easy to save thousands of dollars yearly on your car insurance, but still most people stay with their existing car insurer and pay much more than they supposed to pay. 

Usually most drivers not taking the simple step of moving around to search for the best premium, and they they just accept their insurer’s renewal quote, which is likely to be much higher than previous year.

But the good news is that it is very easy and simple to compare car insurance and you can easily find the best price so quickly.

You can make some research in market and then compare the worth of the policy.

This way you can have some idea of the best price and talk to your existing insurer for negotiation, if you still want to continue with. 

cheapest car insurance

How to get the cheapest car insurance?

There are some simple ways to help reduce cost of your car insurance. Whether you are male or female, old or young, just follow these 10 steps to lower your car premiums. 

1. Search around for the best / cheapest car insurance

This is the first thing to save on car insurance. Savings of hundreds of dollars can be found if you search around before you renew your current cover.

You have to be very careful when searching around for car insurance, since some insurance policies may seem cheaper, but you may find you don’t have the same level of cover at the time of claim. 

You can also use some online services to compare, and it can make it easy for you.

Simply sign-up and enter the details and check the prices. You can just change the excess that you are willing to pay and the mileage you will drive and get new quotes. 

If you are happy with your existing cover, but not happy with their renewal quote, share with them the best offer you have received from other insurer and ask them to at least match it to proceed.

2. Don’t put more people on your policy

Make sure that only regular drivers are included on the policy.

You can always add someone or family members when they really need to drive your car. 

3. Secure that no-claims bonus

No-claims bonus is something you needs to protect, since it’s the best way of cutting insurance costs.

This type of bonus may increase the premium by a few dollars, but other side this increase fades into insignificance against the potential loss of a 90% discount on a premium of several hundred dollars. 

You needs to know, there is no impact on such a bonus if accident caused by another driver, but those caused by the insured could.

The key is to always check the policy carefully, before paying for it. 

4. Increase your voluntary excess for cheapest car insurance

If you’re agree to pay more towards the cost of any accident repair, than you will have lower premium cost. And if you are not at fault in an accident, the excess cost can be recovered. Keep in mind it shouldn’t be too high, especially if you have a car with low value.

5. Secure your car for cheapest car insurance

Remember, fitting an approved alarm, or tracking device can benefit with discount of around 5%.

Most new cars coming with these devices, so make sure you check if you have them and then declare them to your car insurer.

cheapest car insurance

6. Do fewer miles

Reduced mileage is also gave bigger saving.

For example, a reduction yearly mileage of 5,000miles could save about $50 yearly. 

And similarly a reduction of 10,000miles yearly could save around $100.

Check the cover you are currently using – if you’re not using your car to drive to work or business – you may be able to get a cheaper rate. 

7. Think carefully while adding young drivers

Including a young or inexperienced driver to your insurance policy can be a wrong decision, especially if you have a large or costly vehicle. 

In some cases the premium will still be affected by the youngest drivers and he or she may not benefit with no-claims bonus. Insurers have also been looking for the cases, where parents insure their children cars in their name to cut costs, so make sure if you are the policyholder on a car driven by your children that you are actually its main driver, or that you declare otherwise, before you buy the policy. 

8. Watch out for insurance trap cars

If you’re changing your car, check with your insurer if the model will have a significant effect on the premium. 

Luxury cars can attract a high premium and more cases a slightly different model or smaller engine can reduce the premium in your favor.

Be careful since some Insurers will try to include administration fees for changes around $25 to $50, in case you change a vehicle or your home address. 

However, you can check with insurer for the fee to be remove if it is a minor change.

9. Garage location

If your garage is full of unneeded stuff, remove it out and use it for your car. 

Insurers like cars kept in your home or work garages overnight and it can dramatically reduce your premium cost.

10. Be a good driver and install blackbox

Blackbox policies, where car insurer installs a system in your car to monitor your driving, benefit those who drive carefully. 

Officially called telematics, these system check your speed, how aggressive you accelerate and brake and how carefully you drive, and also your driving timings i.e. the early hours of the morning.

They can cut premiums substantially once you start proving you are a best driver with no accident history. Some insurers even offer an up front discount if you take out a telematics policy.

Also Read: How to get the best and cheapest Life Insurance:

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