How Can I Reduce The Cost of my Car Insurance?
Paying for car insurance is an expense that every driver needs to consider, especially when they’re looking to purchase a new or additional car.
Choosing the right motor can be a daunting task, and picking the right insurance to go alongside it can be just as stressful. It is a legal requirement to have motor insurance unless the car is registered as SORN (Statutory Off Road Notice).
This week, Stockton Kia is sharing some tips and tricks to help drivers lower their motor insurance costs, and how to keep these costs down as the years progress.
Compare Different Companies, Especially at Renewal
If you’ve been with your insurance provider for a long period of time, it might be worth checking what other insurance companies would provide, this can often reduce the costs if you challenge your original provider.
Consider a Black Box
Black boxes aren’t just for new drivers, everyone needs to be steady on the roads. Black boxes are able to monitor your driving and help lower the cost of your insurance when it comes to the renewal point. They can even give you additional benefits during your time with it such as discounted fuel, discounted payments and more.
Some insurance companies, like Admiral, give non-black box users the option to download their app, which will track your driving without the restrictions of a black box. This can also give customers rewards such as discounted payments. It’s worth looking at what your insurance provider can give you, especially as a loyal customer.
Take Advantage of Multi-Car Policies
By having your entire household’s cars on one insurance policy, it can give individual drivers a slightly cheaper payment every month. Some businesses give up to 30% off on multi-car policies, which is a great saving overall.
Pay your Insurance Annually
If you’re able to do so, paying annually for your car insurance can often work out cheaper than paying monthly.
Lower your Mileage
Your mileage should always be truthful and accurate on your insurance, and it can void your insurance if you do not do so. But if you accurately calculate your miles throughout the previous year’s insurance, you can use this as a guide moving forward. It is definitely worth looking over your annual mileage to see if you can reduce the cost of your insurance.
Build Up a No-Claims Bonus
A no-claims bonus is a huge benefit to drivers, it proves to insurance providers that you’re not claiming on your insurance and haven’t been in any accidents. This can help add a discount to your overall insurance quote.
Increase your Voluntary Excess
If you’re able to do so, increasing your voluntary excess can often bring down your insurance costs.
Purchase Add-Ons Elsewhere
Things such as breakdown cover are often cheaper as a separate product, rather than being included in your insurance. It can also give you a better experience should you need to use it, as you can go to that company directly rather than through your insurance, saving you the hassle and headache during a stressful situation.
Add Multiple Named Drivers
By adding additional named drivers to your insurance, you’re able to reduce the cost of your insurance as their years experience is considered in your insurance quote.
Here at Stockton Kia, we have a range of new and used cars available at our showroom in a variety of makes and models. Contact our team to test drive a car today, or check out our used cars and reserve for just £99.
The team is always happy to help and answer any questions you may have, we’d love to hear from you.
Visit us at Preston Farm Industrial Estate, Stockton or give us a call on 01642 632299.