There are certain things in life that you can’t get out of paying. They’re essentials, and you couldn’t get by without them. Now, technically, you can get out of paying car insurance if you want: you just have to not drive a car. But this means being constrained by public transport timetables and routes. This may be better for the environment and your bank account, but it can be extremely limiting at times. Some of us need cars to get to and from work, social events, and to undertake day to day chores. So, how can you reduce car insurance costs when they’re a must? Here are a few ideas to get you started.
Consider Your Age
Now, insurance companies tend to have age brackets which help to determine quoted policy costs, as the older you are, the lower the amount you’re likely to claim for. You can save money on your car insurance quotes by checking up with your company each birthday to see whether you’ve moved up an age category and can receive a cheaper quote. It’s always worth asking, as sometimes companies will not readily inform you.
Take Out a Black Box Policy
A black box is a small device that can be fitted in your vehicle to monitor your behaviour on the roads. The better behaved you are, the more the insurance company will trust you behind the wheel. If you refrain from speeding or driving erratically, they may reduce your quote as a way of rewarding your safe and responsible driving.
Add a More Experienced Named Driver
When you’re taking out your policy, you have the option to add another named driver. While you may want your car to be solely for your own use, allowing another individual to be on your insurance policy and use the vehicle every once in a while can dramatically reduce your quote, as long as they are an experienced driver.
Store Your Car in a Safe Location
If you leave your car parked on the street, it’s open to damage by other individuals. This could be criminals vandalising your vehicle or other road users bumping into it when driving past or attempting to park near to it. It’s not all too surprising that insurance for vehicles that are left on the road can incur additional costs. If you have a driveway or garage, the cost of your policy can reduce significantly. If your property doesn’t have a drive or garage, you might want to consider investing in a secure parking spot nearby.
Opt to Pay a Higher Excess
When taking out a quote for insurance, you’re asked what voluntary contribution you are prepared to pay towards the cost of repairing your vehicle. If you opt to contribute a larger amount, your policy will work out cheaper. Just make sure that the amount you offer to pay is something that you could realistically afford.
While insurance may be one of the most expensive parts of driving, there are ways to cut the costs, keeping you on the road and sufficiently covered!