Running a car is expensive, and one of the biggest costs to motorists can be car insurance. It’s a legal requirement so there’s no way around it - every driver needs car insurance. Depending on your circumstances, it can add up to a sizeable amount. Whether paid annually or in monthly instalments, it’s usually a significant cost to manage and can take up a large chunk of your budget.
Getting cheap car insurance can make a real difference to the running costs faced by motorists, and everyone wants to get a good deal, don’t they? If you can make some savings, it all helps. Here’s some advice on how you can get cheap - or at least cheaper - car insurance.
Lower your premium with telematics
Young and new drivers are more likely to be faced with high car insurance costs than more experienced motorists. If you’re under 24 years of age, you might be considered a greater risk and therefore faced with expensive premiums. A more affordable option for young and new drivers might be black box insurance, which uses telematics to assess driving performance, and rewards those drivers they deem to be safer on the road.
Car Insurance for careful drivers
Careful driving can benefit you when it comes to getting cheap car insurance. If you’ve built up a record of several years of no claims, you could be offered a discount by your insurer, simply because you can demonstrate that you’ve been driving for a long period of time without needing to make an insurance claim. In the eyes of your insurer, years of NCD (no claims discount) can help to lower the risk you present as a driver. At the RAC, drivers with 9+ years of NCD may get up to 65% off the price of their car insurance.
Check that your insurance is still suitable for your needs
Do you have named drivers on your policy that no longer drive or have access to your car? Do you drive fewer miles than you stated when you took out your policy? Check your policy details - you might find that a little tweak to your existing insurance policy could make all the difference. Just make sure that you are truthful, as you could invalidate your policy if the information you provide is not accurate.
Links
For further reading about finding cheap car insurance, these guides could be useful:
When you’re searching for cheap car insurance, you really should be looking for the best possible deal for your budget. This guide has advice on what you can do to try to lower the price of your premiums.
Having a speed limiter fitted to your car may help reduce the price of insurance. What is a speed limiter? This guide reveals how it works, and how it might help with cheaper car insurance.
The make and model of the car you drive has a major influence on the price of your insurance. Cars are assigned an insurance group, from 1 to 50 - here’s how these groups are calculated.
Car insurance might seem confusing, with a lot of different factors to think about. Our ultimate guide to car insurance explains it all.
A No Claims Discount is a reward for careful driving, when a motorist hasn’t made a claim for a number of years. If you’ve got several years of no claims built up, you could save money on your car insurance.