Tuesday, January 4, 2011

Tips To A Cheaper Motor Insurance Premium

With the rising cost of living, you are probably unable to avoid the cost of your car insurance premium, and how you feel about your premium rising in cost every year. Regardless of the car you drive, and other determining factors, there are some ways in that you can lower your auto insurance premium.

Firstly, try and obtain your car insurance online. Not only will this save you a significant amount of time, but you could also save money. Some auto insurance companies will offer a discount to people who sign up online, because they are saved some of the hassle of paperwork and administration. Furthermore, you will be able to get more quotes more quickly online, because there are now websites that offer multiple quotes at once. This saves you even more time and gives you more comparisons to work with.

The next thing you need to do is to shop around as much as possible. This is why it is nice to use the internet and find multiple quotes. Only after looking around properly would you be able to make an informed decision! By making good comparisons and shopping around, you will be able to find discounts and save money.

Try and purchase extra contents on your insurance policy. Some insurance houses will offer a discount if you insure more than just your car insurance policy with them. You could save a fair amount if you also insure your household contents and perhaps even obtain your life insurance through one place.

You can also increase your excess to decrease your premium. Your excess is the amount of money that you will pay in when you need to claim. If you have a high excess, meaning the amount of money you will have to pay in, then you could be in for a lower premium.

You can also install a security and alarm system on your motor vehicle, decreasing your theft risk and therefore lowering your premium. Taking an advanced driving course will reassure your driving company that you have superior driving skills and will therefore be less likely to be involved in an accident.

Carefully consider who you put as secondary drivers on your policy. Remember that if you have a young driver on your policy, it will be more expensive, as young drivers are deemed to be higher risk. Putting your spouse on your policy as a listed driver could offer you a discounted premium, as many car insurance companies have special offers regarding that.

In conclusion, it is easy to see that you can incorporate these few simple steps to make your insurance policy lower.

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