Saving Money on Car Insurance

Like with most types of insurance, the car insurance sector is extremely competitive. There are a lot of providers of this product, but also a lot of different factors that are taken into account to do with age, experience, vehiclee being insured and more besides.

All of the above means that it can be pretty tricky to work out what is a reasonable price to pay for car insurance based on your personal situation, and indeed what sort of factors are taken into account that, if you perform well against the metrics set against those factors, will enable you to save money on your car insurance.

The first key factor to consider is your no claims. We've all heard of a no claims bonus, but generally the length of your no claims discount, the less risk insurers will calculate you are to them. If you've had insurance for twenty years and never made a claim, then this clearly indicates less risk of a claim being made then someone who has had insurance for a year and already has made a claim. Less risk means that generally a bigger discount will be applied to you.

Another thing to consider is the pragmatic fact that the more you buy, generally the more discount you get: the philosophy of buying in bulk essentially. This means that if you buy several products from one insurer, then you may get discounts for having those multiple products - whether it is home insurance or pet insurance, getting more than one product from a supplier usually leads to a discount. So that's something to consider too.

Interestingly the job you do is taken into account with car insurance, so if your job changes be sure to let your insurer know or ensure that they have accurately captured what your current job is.

There are things about your vehicle that are important too - clearly an attractive sports car is going to attract higher insurance than a bog-standard modern vehicle. Things like immobilizers and car alarms can help to keep premimums down, as can locking your car away in a garage each night, as opposed to just parking it on the road outside where you live.

Remember to quote your mileage when you get car insurance quotes - generally the lower the better as there is less risk usually with newer vehicles.

So these are all things to consider when it comes to your car insurance and how to work out how you might be able to save money on it.

Related Articles...

Travel Insurance One of the most common forms of insurance product is travel insurance. Wherever there is travel involved, there is invariably risk, and infact a range of risks, and therefore an insurance product... Health Insurance One of the most common insurance products is health insurance, a broad umbrella category that covers any sort of insurance product that helps an individual mitigate against the expenses that are... Income Insurance Income insurance is sometimes referred to as income protection insurance. As the name suggests, this product is focused around what you earn from work. This type of policy is something that will... Contents Insurance Contents insurance is a type of insurance product that covers the items that you have - the contents - of your home. There are a range of different providers of contents insurance out there on... Vehicle Insurance Vehicle insurance is the category of insurance products that cover, surprisingly enough, vehicles. These can be any sort of vehicle that you can think of, with of course the most common product... Bicycle Insurance Bicycle insurance, as with all insurance products, gives you a way to deal with the risk of having something happen to your bicycle - depending on the product you choose - and therefore having the... Property Insurance Property insurance is a product that applies specifically to property, and has various different types of specific that are subsets of the general umbrella term 'property insurance'. Specific... Life Insurance One of the most well-known types of insurance product is life insurance. And this does very much what it says on the tin - it insures against the life of a person. Thus, if the policy holder (the... Reinsurance The concept of 'reinsurance' is quite an interesting one. It comes down to the same sort of logic as 'who will guard the guards?' - in this case who will insure the insurers. The answer is, other... Agricultural Insurance Agricultural insurance is a niche type of insurance product that is available for those who work in specific areas of agriculture. This type of product could offer piece of mind against various...