Low Cost UK Car Insurance
There are many ways for you to reduce your car insurance; we'd like to show you some of the options that are available to you.
Additional Drivers
In most cases adding other drivers onto your car insurance policy will increase your annual premium. Therefore we would recommend that you only place additional drivers on your policy if they absolutely need to drive the car. Young male drivers are by far the most costly additional drivers; insurers are very nervous of young drivers driving their parent's expensive cars.
Additional Qualifications
For young drivers, it can be very beneficial to get a pass plus certificate. This short course of lessons deals with motorway driving, night driving and other common situations that new drivers may not have dealt with when learning. This certificate can save new drivers up to 30% on their premium, so it is well worth having.
Voluntary Excesses
If you'd like to bring your premium down further, you can opt to take a voluntary excess that will be ON TOP of the mandatory excess. This is a very good way to get cheap car insurance if you think you won't need to make a claim.
Security
If you do not already have one, consider getting an alarm/immobiliser fitted to your vehicle. Not only could this device reduce your car insurance, it could also prevent your vehicle from being stolen. Most new cars are now fitted with an alarm at the factory but many older vehicles are still unprotected, thieves will usually choose an unprotected vehicle because there is less chance of them being caught in the act.
Do Not's
Some people believe that getting their parents to insure their car and then driving under their no claims bonus is good way to reduce their insurance bill. Although this looks like a good way to save money, you could in fact be voiding your car insurance altogether. The insurer should be the main driver of the vehicle and by breaking the terms and conditions of the policy you could be rendering your car insurance void.
Do not increase the estimated value of your car above the market value. If you need to make a claim for the total cost of your car, insurers will only ever pay out what the market value of the car is, not what you think its worth. By inflating the estimated value you could in fact be increasing your premium for no good reason. It's also important to bare in mind that no modifications or additional equipment will be replaced as part of the value of your car. If you've spent lots on modifying your car, you won't get the money back for the parts.
Here at Insure Your Motor, we are dedicated to getting you the best price on your car insurance, if you'd like to ask any questions, please contact one of our underwriters and they will be happy.
