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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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Good2Go Auto Insurance Has Joined the comparenow.com Panel of Auto Insurance Carriers
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CHROME® Renamed American National Collector Car Insurance
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Liability Car Insurance Rates Now Supplied to Motorists at Insurance Website Online
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Aflac Survey Finds 2 in 5 American Workers Spend Less than 15 Minutes on Benefits Selection
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Most expensive car ever - Ferrari GTO sells for $38 million
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Maserati North America, Inc. Reports Most Successful Sales Month in its History with Record 312% Gain YTD
ENGLEWOOD CLIFFS, N.J., Sept. 3, 2014 /PRNewswire/ -- Fresh off the heels of California's Monterey Car Week ? where the Trident celebrated its 100th Anniversary with the North American debut of the stunning Alfieri GT concept ? Maserati strikes again by reporting its most successful month ever with (1,274 units) sold. Throughout the year, Maserati North America, Inc. has maintained strong sales ...


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