How much money do you spend on car insurance every year? Do you simply accept the renewal that your current company send you and let the contract roll over, with the new balance coming out your account? If you do that, you’re paying more than you need to. Lots of us are paying over the odds for the insurance we need for our vehicles. Let’s have a look at how some budget car insurance can save you money.
Shop Around
Never go with your insurance renewal from your current company. It will likely, 99 times out of 100, be more than you need to pay. Do an online comparison and you’ll be given some great offers. Some of which are from companies you’ve heard of, others might be new to your eyes. Comparison sites are fantastic for giving you an average price of how much you should be paying. They also give you exclusive deals that can’t be found elsewhere though, so take that in mind when searching for budget car insurance. Don’t be afraid to go direct to companies and tell them how much you can get insurance for elsewhere. If you’re happy with your current company, pick up the phone let them know you’ve found a better price elsewhere. They might try and match or better it to keep you as a customer.
Know When To Apply
According to a Money Saving Expert investigation, the best time to apply for car insurance to get the best price is 20 – 26 days before you policy is due to expire. This gave savings of up to 40%. Make a note of when your insurance is coming to an end. This could be on the calendar or in your phone. Set an alert to pop up a month before it’s due and another those 26 days before it expires. This will give you time to look around for your best price.
Your Insurance Coverage
What are you actually paying for? Consider how frequently you drive. There is no point in saying that you travel 20,000 miles a year in your vehicle is infact you travel 10,000. Your premium will be higher because you are saying you are on the road more often. This means you are more likely to have an accident. During the Covid-19 pandemic, people weren’t travelling anywhere and one of the insurance companies gave it’s customers refunds. Figuring out how far you will be travelling will help you get your budget car insurance.
Add An Extra Driver
Did you know that adding another driver to your policy could help you get a more affordable budget car insurance price? The thing is, they don’t even have to drive the car, they can just be on your policy. Adding a parent who has been driving for years might help reduce the price you are going to pay. Never put the other person as the primary driver though. That is called fronting and is illegal.
Use Cashback Sites
A great way to save some money on your car insurance is to click through cashback sites. You can earn set amounts in cashback, or perhaps a percentage of the price of your premium. You might be able to get £100 cashback on a policy you paid £300 for. Cashback is never guaranteed though. There are times when it might be declined, so ensure you go for the best possible price.
Sometimes the price was pay for vehicle insurance seems excessive. When you feel like that, you’re probably paying too much. This insurance companies need you as customers, so they will more often than not offer new customers the best deals. Play them at their own game, shop around each year and pit them off against once another to get the best price. Budget car insurance is possible, you just need to find it.
