UK car and automotive news and reviews
 

Top 5 Ways to Save Money on UK Car Insurance

Top 5 Ways to Save Money on UK Car Insurance

Top 5 Ways to Save Money on UK Car Insurance

Many residents in the United Kingdom pay a small fortune on their premiums for UK car insurance, UK home insurance and more. Insurance can provide you with a considerable number of benefits, and in some cases, cover is required by law or by your lender. Today, police have said they have seized their millionth uninsured car since 2005, however, there still remains a high number of uninsured drivers out there who simply do not know the legislation. Cancelling your insurance policy is simply not the answer to saving you money on your premiums. However, by following a few key steps, you can save money on your cover:

  1. Increase Your Excess
    Whether for your UK break down insurance, your car insurance or another type of cover, increasing your excess can result in savings on your premium. The excess is the amount of money you pay out-of-pocket when you file a claim. By increasing it upward, you can enjoy a lower premium. The excess amount is typically easily changed on your policy by making a simple request into your insurance company.
  2. Review Cover
    Cover needs can change over time. If you have not reviewed your cover limits in place today, reviewing these limits can help you to identify savings. Consider the cover requirements in place by the government for UK car insurance. Lenders may also have additional cover requirements. Additional cover beyond what is required may benefit you, but it is not required. By reviewing your limits, you may discover that you are paying for more cover than is beneficial to you or than is required of you.
  3. Pay In Full
    Many insurance companies will provide you with a discount when you pay your premium amount in full. Whether for your UK home insurance, your car insurance or another type of insurance policy, consider paying the full year’s premium up-front to enjoy savings.
  4. Combine Policies
    Another way that you may be able to find savings on your premium is to combine policies. Some insurance companies, for example, will offer you a discount if you combine your UK break down insurance with your auto cover, your homeowners insurance or another type of insurance. Talk to your insurance agent today to learn more about how combining policies with the same insurance company may help you to save money.
  5. Review Discounts
    A final step to take to save money on your cover involves reviewing the various discounts available. Many insurance companies will offer discounts for being a safe driver, being a full-time student, driving a limited number of kilometers in a given year and more. By reviewing the discounts offered, you may discover that you can qualify for a few discounts that are not currently being applied to your policy.

Many people would love to reduce the cost of their insurance premium, but they simply don’t know how to save money on this expense. The above steps, however, can result in savings on most insurance policies.

Be Sociable, Share!

Related posts:

  1. Save time and money with a car supermarket
  2. The Top 5 Reasons To Get UK Breakdown Insurance
  3. Compulsory Car Insurance Rules in the UK

3 Responses to “Top 5 Ways to Save Money on UK Car Insurance”

  1. Interesting points raised in this blog, so many people are unaware of what do with the costs of insurance and premiums rising. The best thing to do in order to be fully prepared for anything that may effect your premiums is fully research what your specific policy includes and what exactly you are covered for. If not, you could potentially be left in the lurch and find yourself out of pocket.

  2. 4x4 Parts and Accessories

    Monday, 26th November 2012 at 3:55 pm
     

    Very good points, hopefully these tips will help bring down the price of my next insurance quote.

  3. One good way to get cheaper premiums is to take out a telematics car insurance policy :)


Leave a Reply

&nbsb;