It is no secret that car insurance can be expensive, but there are ways to reduce the cost. This article will consider some of them so that you can find the best price without sacrificing cover. Always look for the popular insurance providers online, such as one sure insurance, who are used to working out how to make the best possible premiums available to motorists.

Increase Your Excess

One way to reduce the cost of car insurance is to increase your excess. This means that you will have to pay more out of your pocket in the event of an accident, but in return, you will receive a lower premium.

With motor insurance, you can have compulsory and voluntary excesses applied to your policy. Young drivers will often have high compulsory excesses applied to make their policies more affordable. Drivers with, for example, a £100 excess can increase it to £200 by electing to have a £100 voluntary excess added. This will lower their premium for two reasons. One, they are showing a commitment to their insurance company that they will drive carefully, and two, they reduce the financial burden for their insurance company should there be a claim.

Shopping Around

Another way to save money on car insurance is to shop around for the best deal for car insurance online. Many comparison websites can help you find the most competitive rates but you cannot go far wrong by seeking out the best insurers yourself and taking control over the process. It all depends on how much time you have to spend. Comparison sights are about saving time too, whereas any shopping around you do yourself is only with financial savings in mind. Something is satisfying about having found the bargain yourself without any help.

Do not just accept your renewal price and think that it is just because costs are going up, always look to see if others can offer you the same cover for less.

Here are some tips for shopping around:

• Get car insurance quotes from a variety of providers to compare prices versus the level of cover possible.
• Look for the insurers coming top of search lists, as this suggests they are the most popular, which may be because they are cheaper.
• Use a car insurance comparison site if you have no joy searching the different companies yourself.
• Ask family and friends for recommendations.
• Check the excesses charged by different insurers.
• Make sure you are fully aware of what is and isn’t included in your insurance policy not to get caught out.

Combining with Other Insurances

Finally, consider bundling your car insurance with other policies such as home or life insurance. This can often lead to a discount on your premium.

This is a similar idea to when you have a multi-car policy. If you can place all of your insurances with one insurer, they can save you money. This kind of arrangement works because it places more business with the insurer who will reward you in return. It saves money on admin when renewal dates are combined instead of separate reminders needing to be sent out. It is about convenience for everyone. Nobody wants to have to remember lots of different renewal dates.

When looking for car insurance, it is important to consider all of the financial implications to get the best deal. Increasing your excesses can be a great way to save money on premiums, as can shopping around for the best rates. Making sure you are fully aware of what is and isn’t covered by your policy is also key, as this can avoid any nasty surprises further down the line.