Top Tips for Buying Car Insurance

It is compulsory to have car insurance if you have a car, and in years that have gone past, there has been little in the way of cheap car insurance, today, however, there are literally thousands of companies out there on the internet, all of whom who are offering great deals on car insurance.  There are also some top tips to ensure that you are not paying a penny more for your car insurance, than you have to.  Spending some time on the internet surfing for a good deal on your car insurance, could in the long run, save you, literally hundreds of pounds.  

Know about excess

A good way to cut your car insurance policy premiums is to take on a higher voluntary excess.  For instance, an insurers regular excess amount might be £150.00 (this means that when you make a claim you are required to pay £150.00 up front).  If, however, you volunteer to pay £300.00 in excess, then you insurance premiums will be much lower and in the long run this could save you money, particularly if you are a careful driver.  It is also worth noting that this is also a gamble, for if you do end up with a broken window or minor body work to the car, then you could well end up footing the bill.  

Be up on your cars security

By fitting a good security device in your car, this too could lower your monthly car insurance premiums.  All the major car insurers out there insist on a Thatcham rated security system, which usually requires you to have the minimum of a car alarm.  Keeping you car in a garage could also go a long way to lowering monthly premiums.  

Mileage

It is a good tactic to ask car insurers if they offer a discount for agreed mileage restrictions.  So if your mileage is less that 5,000 miles per year then it is well worth asking if they will agree to a discount.  

Adding named drivers

In some cases named drivers can boost the amount you pay in car insurance, however, if you have a named driver who is over 30 years of age and is female, then this could cut your car insurance premiums.  

Shopping Around

The best way to lower your monthly payments on your car insurance is to shop around the market.  The internet is a fantastic tool to use to lower the monthly premiums on your car insurance.  A great place to start is by using one of the many price comparison sites, which are now available online.  There are also companies, which have taken the trouble to do all the leg work on your behalf and have reviewed many companies for you, such as www.insurance64.co.uk.

How do price comparison sites work

•    You enter your information into the site (ie, name, dob, address, email address etc).
•    You then enter the product, which you are looking for, in this instance it would be car insurance.
•    The site will then run through a list of questions about your vehicle, age and if there are any named drivers to be included on your policy.
•    The site will then offer you a list of companies who can offer the insurance which you are looking for, the annual policy price will be listed next to the company name.  

Always read through the terms and conditions

Before deciding on any car insurance policy, always make sure that you have read through the list of terms and conditions on the policy.  Ensure that you know the exact monthly premium which you will be paying.  

In summary, the more time you spend surfing the internet and looking for the product then the better the chance you have of getting a good price and product for your money.