Monday, December 3, 2012

How to save money on car insurance

Everyone wants to save money on automotive insurance rates. Here are several ways to reduce your premiums.

Buy a low-risk automobile

Be a good driver

Reduce your amount of coverage

Get the low mileage discount

Get the mature driver discount

Get the low-risk occupation discount

Compare insurance costs at other companies

Buy a low-risk automobile

If you are in the market for another car, you can significantly lower your insurance premium by choosing a car that has a good safety record. Look for cars that have been given awards for safety or have a high Government safety score. Also, if your model is unpopular with thieves, you will pay a lower premium. Additionally, you can lower your rate by buying a car with automatic safety belts and anti-lock brakes.

Be a good driver

Drive with caution because the more tickets or accidents you have, the more you will pay in premiums.

Reduce the amount of coverage

By changing your coverage and assuming a little more of the responsibility yourself, you can reduce premiums. Research your coverage and you may find that having a higher deductible may be well counterbalanced by the resulting lower premiums.

Get the low mileage discount

If you can drive your car less, it may pay off in lower premiums. Is it worth paying a higher premium in order to make all those spur of the moment trips? Plan ahead and you may save money.

Get the mature driver discount

If you are over 50, many companies provide a mature driver discount that may not be automatically included in your policy. Check with your insurance company to have it included in your policy.

Get the low-risk occupation discount

Doctors, engineers and teachers tend to get lower rates because these occupations are considered to be low risk. You may also benefit if your job never requires you to drive at night or drive in high-risk areas.

Compare insurance costs at other companies

Do not be afraid to switch to another company if they can significantly save you money. However, diligently research the performance of any unknown company before making a change.

To find out how your car insurance premium stacks up, visit comparethemarket.com where you can get insurance quotes from some of the UK's top insurance companies. Our insurance partners can help you with automotive insurance as well as home, life, travel and pet insurance. It is quick and easy and all you need is an email address to get your quotes from the convenience of your own home.

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