If you think you own a car is a breeze, think again. Owning a car is expensive.
You have to think about repair bills, running costs and taxes. Car insurance is another expense that is necessary and can really eat up your budget. Read on to learn how to save money on car insurance.
- Consider your car make
If you are thinking of trading in an old car or buying a new one, you may want to consider a proper research. Consider the type of car you are buying. Is it going to be parked in a garage or on a driveway? Remember that car premiums will shoot up depending on certain cars. You can expect higher costs if you park your car on the road overnight.
- Think about the type of Cover you are buying
The age of your vehicle also plays an important role when thinking of buying the type of cover. A fully comprehensive insurance may only be a waste of money if your vehicle is already old. Consider these factors: its value and how much its really worth.
Remember that the value of your car is based on its current standing and not when the first time you bought it.
It may be a better idea if you opt for third party fire and theft and save you money on your car insurance.
- Look for cars with low mileage
You can save on car insurance with low miles. So if you are only using your car at weekends, or for taking the kids to school will qualify for low mileage. Although it’s a great option to save money for your car insurance however it gives you a lot of limits. If you happen to go over the agreed mileage you can expect to be penalized.
- Discounts for Being a Safe Driver
You can have the option to look for companies that give rewards to its members who are deemed a safe driver. Your car will be fitted with a black box that tracks driving speeds, braking and cornering. Your driving will be monitored via a GPS and is used to assess your driving habits. A personalized quote will be based on the results and will appear on your next billing.
- Insurance Policies that cover all cars in your household
If you include all the cars in your household, you are making significant savings on your car insurance. If you have a wife and children who already drive, this will be a great option for you.
So if your son or daughter has just recently passed their driving test you can help him and all the while can save money.
- Choose only one company for your insurance
Fortunately, there are some insurance companies that offer a huge discount if you get several discounts with them. This can include anything from household to pet insurance. Since these companies will want to keep you as a customer, they will offer you discounts. Hence this will allow you to save huge savings on all policies.
- Job Title Matters
Your occupation can make a huge difference in the amount you pay for your insurance coverage. Be selective with the options you choose and don’t lie about your job title.