We're all wondering why our car insurance rates are so high, but it's sometimes due to small details that we can easily think of. Here are some to help you reduce your car insurance rate.
Don't under or over value your car
If you don't value your car correctly, this will have an impact on the price of your premium. You should have a look at the Open Market Value (OMV) of your car with your insurance company to find the right value.
Choose the right coverage
If you have an old car, a fully comprehensive cover won't be as needed as if you have a brand new car. Try and evaluate your real needs, this can help you save some money.
Get a full driving license
If you're a provisional learner, you should get your full driving license as soon as you can. It costs more to insure provisional learners, and the more experience you have, the less you'll pay. You can get more experience by being a name driver or even just on your own policy.
Avoid the claims
Of course, the less claims you have the cheapest your premium is going to be and you'll even get discounts!
Calculate your annual mileage
This is very important for you and for the insurance company. If they see that you don't drive that much, you'll be cheaper to insure because there will be less risks. Try and estimate it, your premium will be lower as well.
Increase your excess
The insurance company will have less to cover if you increase your excess because they will have less to pay in case of a claim, and as a result, your premium will be lower.
Be careful when adding additional drivers
The type of drivers you add can increase your policy. Try not to put inexperienced or young drivers for example, this will increase it because they are more likely to have accidents.
It's always good to compare different quotes and not to rush on the first one you find. A good tip as well is to tell to the insurances companies that you found a cheaper quote and see if they can propose you a better one.