Car cover costs can be quite extensive, but there are a number of ways to reduce the amount you pay. If you want to save yourself some money, it is important that you follow these simple yet effective tips. Everyone needs insurance on their vehicles, but that doesn’t mean you have to pay a ridiculous amount of money. The fact is that most people spend far more than they need to on this type of cover, and it’s because they didn’t take the time to do a few key things.
1. Shop Around
One of the most effective ways to reduce the amount you spend on car cover is to simply shop around. When you know what your options are like, you will be able to choose the very best one. Compare the quotes that you get from different companies so that you can get a great overall deal. Make sure to use online comparison sites to make this process as easy as possible. This could help you save thousands of pounds over the years.
2. Don’t Include Everyone on Your Policy
You should refrain from putting every person in your family on your policy, because you will end up spending more than you have to. Instead you will only want to put regular drivers on. There is no point in paying the extra money to add people who won’t be fully utilizing the policy.
3. Protect Your No-Claims Bonus
No-claims bonuses are a wonderful means of saving a substantial amount of money on car cover. While this could increase your premium a tiny bit, you will need to consider the massive amount of money that you will save overall. Keep in mind that an accident that is caused by the insured person could affect this bonus. Make sure that you look the policy over very carefully so you know for sure.
4. Pay More to Save More
Those who agree to spend more on accident repairs can actually save a lot of money on their monthly payments. If you do not cause the accident, you can easily recover the excess. You don’t want to allow this amount to go too high though, especially if your car isn’t worth that much. Sometimes this option just isn’t worth it.
5. Secure Your Vehicle
There are quite a few things that you can do decrease the amount you pay for your car cover, such as adding an alarm or traffic device. Most insurance companies are willing to bring your premium down a bit if you do some of these things. By spending a little bit of money, could potentially save a lot over the years.
6. Reduce Your Mileage
The fewer miles you put on your car, the less you will have to pay for car cover. There are a number of ways to do this, such as walking or biking to work (if you are close enough to do so). Those who don’t need their car to get to work at all will definitely end up with a lower rate.
7. Think Twice Before Putting a Young Driver on Your Policy
Adding young drivers to your car cover policy can be quite costly. Insurance companies always view these individuals as big liabilities, so you will always have to pay more. You could save a ton of money by not putting a young driver on your policy.
8. Choose Your New Car Wisely
There are certain cars that will cost more than others to insure, so you will need to choose carefully. Look for cars that can help you save as much money as possible on your car cover. These are going to be vehicles with high safety ratings and features. The wrong car could end up costing you a ton of extra money each month in cover alone.
9. Keep Your Car in Your Garage
Just keeping your car in your garage can actually go a long way towards helping you save countless pounds on your car cover. If you have the room in your garage, it is highly recommended that you do it.
10. Improve Your Driving Skills
Everyone’s driving skills could use a little fine tuning. Taking a driver safety course can help you lower your monthly premium while helping you to stay safe on the road. You will learn tactics for defensive driving that could save your life one day.
Every Little Bit Counts
When you are trying to save money on car cover, keep in mind that every little bit counts. You should utilize any and all methods that could reduce this particular expense. It is especially important for those who are on a tight budget to follow these tips. Car cover can be very expensive for a lot of people, but there are many ways to keep costs down.