Top Tips for Saving Money on Your Motor Insurance Quotes
Motor insurance can be one of the biggest bills faced by the average person and it seems that the cost just keeps going up and up! However, if you are willing to be savvy and take your time getting a quote there are many ways you can lower your premiums.
Compare your Quote
It can be tempting just to stay with your current insurance provider as you know their service, don’t have to fill in new paperwork and can leave things as they are! However, you can easily save money by comparing your provider with others.
Many insurers will guarantee to beat your current quote and so with a simple switch you can save yourself hundreds of pounds a year. You may also find that other insurers provide more cover or a better service.
Check the Small Print
Do you know what you have actually paid for? You may be paying for lots of extras such as road side assistance, breakdown cover or second driver insurance that you just don’t need. It is always crucial to check your motor insurance quote and make sure you are getting exactly what you need and are not paying for what you don’t.
Raise your Excess
A low excess seems very appealing as it means you don’t have to pay out a bundle in the event of an accident. However, the lower your excess the more the insurance company has to pay out and the higher your insurance premiums will rise. Set yourself a higher excess and you will see your motor insurance premiums fall!
Most people are also tempted by the idea of paying their insurance bill off over the course of a year in small monthly instalments. However, if you pay it off monthly you will be subject to interest and your actual payment over the year will be higher than that quoted. If you pay it off in one go it may seem like a large payment, but it is a one off and will cost you less over the course of a year.
Keep it Clean
Obviously the easiest way to lower your motor insurance premiums is to not claim! The longer your no claims history the lower your premiums will fall. This is of course, easier said than done but a guaranteed way to save money on your motor insurance.