Car insurance:
How to Reduce Car Insurance Premiums
By
John Mussi
Here
are some useful tips on how to reduce car insurance premiums. Firstly,
you need to find a sense of balance between coverage and cost. Apart
from negotiating a good deal, there are some other things that you
can do to further bring down your car insurance premium for example;
Many
insurers average yearly mileage at 12,000 miles. If you do not drive
this amount, you can inform your insurer, thus resulting in a reduction
in your premium.
Park
the car - Parking your car in a secure location such as a locked
garage or a secure designated off road parking spot can potentially
reduce your premiums.
Bulk
buying - Most of the big insurance companies offer all forms of
insurance such as home, life etc. You may receive a discount for
buying multiple forms of insurance with the same company.
Female
drivers are statistically less prone to accidents. Women can avail
their quotes from a firm that specialises in covering female drivers.
Anti-theft
alarm - Equip your car with electronic central locking and alarm.
Most insurance companies have a discount if you have these devices
fitted in your car.
Avoid
high interest rates - Interest charges are very high if you were
to pay your premium in monthly instalments. It would work out cheaper
to pay your premium in one lump sum.
Buy
on the Internet - Financial products are far cheaper on the Internet
than elsewhere. Car insurance is usually about 10% cheaper when
you buy online.
Shop
around - Be prepared to do the legwork, if you want a good deal.
Check
the insurance rating - Some cars are considered to be of a higher
risk than others. Before buying a car, check out its insurance group
rating as car insurance premiums vary greatly between insurance
groups.
Imported
cars are expensive to insure - The price of a car bought abroad
may be cheaper, but most likely, the insurance won't be. This is
because, the parts can be more expensive and difficult to find,
so take this into consideration unless you are buying a car fully
catered for in UK.
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John Mussi is the founder of Direct Online Loans
who help UK homeowners find the best available loans via the www.directonlineloans.co.uk
website.
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