Finding Cheap Car Insurance

By: Robert Mcleary

Car insurance may be mandatory, but you do not need to be burdened by paying more than what you actually have to. Cheaper car insurance doesn't necessarily mean less coverage. You can get the coverage you need, and save quite a significant amount by taking your time to understand the policy and talking to your insurer about the various discounts they can offer you.

By fitting your vehicle with a security device, you can in fact get cheaper car insurance premiums. The better the alarm system you have installed, the chances of you getting a good deal increases. Most insurers will ask you to fit your car with security equipment especially if you live in an area where car crimes are rampant. It makes a lot of sense and it will give you some peace of mind.

If your annual mileage doesn't exceed 5,000 miles, you can talk to your insurer about giving you a discount for mileage restrictions. This is not a standard in the industry, but some agencies will be more than happy to come up with an agreed mileage limit that will suit your lifestyle.

Depending on the age, sex and driving history of a named driver in your policy, you could end up with cheaper insurance or actually paying for more. If you add a young male driver into your policy, with a bad driving record; you would need to pay more for the insurance. On the other hand, adding a 31 year old female with a clean driving record will significantly reduce your car insurance premium. Insurers look at different variables when assessing how much you will need to pay for car insurance and these will usually include the profiles of the people who have access to your car.

By paying a higher voluntary rate, you could easily save a lot of money from insurance premiums. The standard excess for most insurers is ?100, but if you meet ?250 in the claim you will see a considerable reduction. By taking in more of the risk, agencies will give you a discount. However, this is a gamble and might not work out for you at all. In the end, you might have to meet the cost of repairing your car after accidentally bumping into a parked vehicle.

Shop around for the best deal. Sometimes you think you're getting the best price, but you end up paying for a policy that doesn't cover all the bases. The cheapest would be the basic liability insurance, which would not be enough especially if you travel within high risk areas. A comprehensive insurance would be a fair deal, except that it is too costly for someone who lives in a safe neighborhood. An insurance seeker must remember that they mustn't acquire policies that they don't have need for. Some agencies will give you a high price, because they know that you haven't done your homework. By learning the ropes and understanding policies, you will be safe from firms who want to rip you off.

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