Between rent, utilities, groceries  and endless subscriptions,  it can feel like you’re constantly forking  out for bills,Chuck car insurance on top,  and it’s enough to make anyone want  to set fire to their bank account .

Thankfully, there are several ways to cut  back on your premium whilst keeping you  and your  set of wheels protected.

The average cost of car insurance in the UK is approximately £471 a year.

For drivers under 25, this could be considerably more While over-50s, with a good track record,  could enjoy much lower premiums.

There are two main costs associated with  car insurance ;

The cost of your cover, this is your premium And your excess,  which is the minimum amount of money  you have to pay out towards a claim.

Several factors can affect the cost of  your premium including the drivers’ age,  the type of vehicle, your location, driving history and habits, your occupation and even your  marital status.

You know what they say: “the key to a good marriage is two excellent drivers” 

A lot of these factors will be beyond  your control, including the fact that  in the UK you’re legally required to have  at least third party cover as a minimum .

That being said, there are a number of  additional factors that you can take charge of,  that can help you save on your car insurance.

  1. If you’ve yet to buy a car or are looking to  trade in your old model, you can save at the first  hurdle as the total value of your car is one of  the main price considerations for your premium . Where you can, invest in a cheap, safe and common vehicle, as expensive cars with limited security  features and rare parts attract high premiums.
  2. If your policy is loaded with features,  drop any optional extras that don’t apply to you. If you won’t be pulling a  trailer, for example, you won’t want a policy that makes you pay out for phantom trailer cover.
  3. Increase your security,Consider fitting your car with an alarm or dashcam. Be aware,  though, that not all insurers will  recognize all security systems,  so check in advance with your provider.
  4. Off-street parking: Parking your car  in a secure location, garage or driveway can lower your premium, especially in high crime areas.
  5.  Consider reducing your mileage: Perhaps you could alternate between driving and using public  transport. And be sure to inform your insurer  if your commute becomes dramatically shorter  for any reason. If you really don’t drive that often, it might be worth investing in pay as you  drive or temporary cover so you only pay for the miles you drive
  6.  Only add drivers to your policy that regularly drive the car If the usage is balanced between  drivers, consider putting the policy in the name of the safest, most senior driver. Don’t try and use this to pull a fast one on your insurance company though,  as this could affect any claims you need to make.
  7.  To that point, it goes without saying  that being a safe driver will help keep  your premium down. It’s easy enough to allow a few speeding points to creep onto your license , But a long trail of fines and points will keep bumping your car insurance costs up.
  8.  If you do get into any scapes, avoid making  claims on smaller expenses. It might work out  cheaper in the long run if you can afford  to cover the costs of repairs out of pocket . Maintaining your no claims, and your reputation as a safe driver, can make a big difference.
  9.  Shop around: You might think that greater cover naturally costs more,  but it’s always worth comparing comprehensive car  insurance against third party, fire and theft and  other policies. Your personal circumstances and  the age of your car might make a difference to  the level of cover you need There are loads of  insurance providers out there offering numerous  deals and discounts,
  10. And finally, a potential way to decrease your premium is to  increase your excess amount Be wary of making this too high, though,  as your insurer won’t pay out if you incur damages less than your excess One of the key things with car insurance is to make sure your policy  suits your personal circumstances.

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