5 Hidden Ways to Get Cheaper Car Insurance

January 27, 2012

Everyone wants cheaper car insurance. There are ways you can reduce the amount you pay that go beyond looking for the lowest price on car insurance comparison sites. These are, if you like, the hidden ways that can reduce your car insurance bill if you apply them. Most of them are very easy to implement.

Deductible

The simple way to get cheap car insurance is by increasing your deductible. Going up to $500 or $1,000 on your deductible will have a dramatic impact on the bottom line for cheaper car insurance. There is a downside to this, however. In the event of an accident that’s your fault, you’ll be out of pocket to a much greater degree. You have to realize that it’s a risk, a gamble. In most instances you’ll end up saving plenty of money over the course of several years.

Anti-Theft

Fitting good anti-theft devices to your vehicle and parking it somewhere secure, such as in a garage, will see your insurance bill fall. Your car manufacturer might have some anti-theft devices as part of the package but you should go beyond these. Your insurer might have a list of recommended devices. Making it harder to reach the car and steal it will give you cheaper car insurance. It’s a technique not many think about, but it’s very effective. As well as saving you money, it also keeps your vehicle safer so you win on two fronts.

Bundling Insurance

If your house insurance is with a different carrier to your car insurance, you can make the car insurance cheaper by putting all your insurance with a single company. If you don’t want to do that, you can still obtain cheaper car insurance by having all your vehicles with a single insurance company. The more insurance you have with a single company, the greater the discounts you’ll be able to obtain. This can be an important way to save money, and the savings are reflected across all your insurance.

Young Drivers

Cheaper car insurance for young drivers can be difficult to find. Adding young drivers to your policy is a good way to save money, especially if you have a good driving record. This can be applied even if the young driver has his or her own vehicle, and might even apply if they’re away at college. You’ll also save if everyone in the family has a good driving record. By insuring those with no claims or tickets for 5 years, you’ll be able to find cheaper car insurance, as companies prize good drivers and reward them.

Insure for What You Need

If you only drive a few miles each year, you can obtain cheaper car insurance. If you just use your car for commuting to work and for recreation, tell the insurance company, as it should make your rates lower. The fewer miles you drive, the smaller the chance of you having an accident, and this will be reflected in the amount you pay for car insurance.

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