Insurance. The word’s enough to make many people nervous. However, saving on car insurance is absolutely possible. Indeed, it’s very easy to get caught out with an eye-watering, costly plan. Nonetheless, there are steps you can take to stay safe, as we’ve outlined today.
How to Save on Your Car Insurance
With countless ways to save on your car insurance, there’s really no need to overpay. However, make sure you have considered these factors before making your final decision.
#1 Shop Around
One of the most pivotal factors to consider when looking to save on car insurance is to shop around. Indeed, although accepting the first offer can feel appealing, this isn’t necessarily cost-effective. Instead, looking at several providers and shopping around can help you find the plan that’s more competitive.
#2 Choose a Good Car
The right vehicle can impact your insurance premiums hugely. Indeed, an expensive car will often have higher insurance prices simply due to the vehicle’s higher worth. On the other end of the spectrum, a car with lots of rough use may also be costly to insure; after all, a beat-up vehicle is much more likely to go wrong. As such, your premiums may be higher to account for the higher risk of the vehicle.
Luckily, there are ways to avoid falling into this trap. Notably, when choosing an insurance plan, make sure you run a car checker first. This allows you to see the car’s MOT records and write-off status, among other information. In turn, you’ll have a better understanding of what the car has been through during its lifetime. This can help you pick a vehicle that doesn’t have a history of problems, in turn.
#3 Add Named Drivers
If you’re relatively new to driving, adding or being a named driver might be right for you. Adding a named driver is often cheaper than having a plan exclusively for a new driver. As such, this could save a pretty sum of money. Read more about Journal Quotes.
#4 Consider Annual Payments
Most of us pay insurance monthly. However, this can actually come with higher costs. As such, if you can afford to pay in larger lump sums, looking into annual payments may help. This could save a pretty good amount of money over the course of the year.
#5 Don’t Auto-Renew
Auto-renewing can be simple, but it’s often a sure way to miss out on great deals. Instead, start comparing quotes around a month before your plan renews; this tends to be the best time to find good bargains. Critically, don’t leave it to the last moment to renew, as this will often come with way higher rates.
Final Thoughts
While insurance can feel like a major worry for many people, there are actually plenty of ways to lower your premiums. However, it’s often important here to take a proactive approach to ensure you’re getting the best possible prices. So, don’t let the insurers take advantage. Make sure you shop around and follow today’s simple tips to save on your own insurance plans, too.
