Every driver must buy car insurance in the United Kingdom, and this is because you must protect other people against loss or damage if an unexpected accident should occur. Insurance companies also protect you and your passengers if you are the one who experiences loss or damage.
Not all car insurance companies are the same, and so you need to be careful so that you’re not paying too much for the cover you need. There are literally thousands of products on the market ranging from minimum cover to the maximum available protection. Also, you need to know that car insurance quotes will vary depending on how old you are, how experienced of a driver you are, your gender, your occupation, and more. Therefore, it’s important to know how to save money on car insurance when there are so many factors that determine what you’ll pay for the cover you need.
Use the Internet:
The reason you want to use the internet to search for and buy car insurance is because of several reasons. For one, going online allows you to do simple side by side comparisons of the various companies you have to choose from. In the UK, there are hundreds of car insurance companies available to you. Therefore, doing side by side comparisons are the only true way to know if you’re getting a competitive rate or not.
The other reason why you’ll want to use the internet is because most car insurance companies offer discounts for buying online. So not only can the internet save you money by letting you determine which company offers the cheapest rates, but it saves you money just by using it.
Don’t Be Loyal:
Most people stick with an insurance company throughout the years simply because they think it’s too much of a hassle to change. They figure they’ve never had a problem so why mess with it. The truth is, however, you could be paying double what most people are paying for the same cover.
Here’s a little experiment you can try: Call your current insurance provider and apply as though you are a new customer. When they give you a quote, chances are it’s going to be much cheaper than what you’re paying now. And that’s from the same company for the same amount of cover!
When you start looking around at insurance companies, many of them will offer low introductory premiums in order to entice new customers. Instead of remaining loyal, jump to another company offering one of these specials and you could save pounds. However, be aware that your introductory rate likely won’t last past a year, so when you renew expect your rate to jump dramatically.
Pay it all in One Lump Sum:
Once you find cheap car insurance, you can save even more money by paying the entire premium off at once. If you pay in monthly instalments, you’re going to be charged interest on every payment. This interest is usually a very high rate up to 24%. If you pay your cheap car insurance off early, you get to keep all that money that would usually go to interest. Plus, when you pay off the entire balance at once, you don’t have to worry about it each month because it’ll already be taken care of.
Use these tips to really get the most out of your car insurance search and so that you can save as much as possible when it comes to buy your next car insurance policy.
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