After announcements from prime motor insurers inside 2007, premiums for UK car insurance are normal to rise by 10-20% in 2008.

A size of causes have been quoted from a rise in claims due to unforeseen events such as the recent floods to premiums already being artificially low for several years. Whatever the reason, a further hike inside motoring costs coupled with increases inside other non-discretionary costs of living mean that 2008 can be an expensive year for millions of UK residents.

Happily, there are a number of steps you be able to take to counter these inflation busting increases on your motor insurance.

STEP 1 – Don’t consider the hype

In spite of what the adverts talk you, there’s far extra to finding the cheapest cover than just comparing the quoted rates. It’s a complex, multi-variable product, and deserves your notice since of this. Have a magnificent believe about how and when you exercise your car and what type of cover and options you do and don’t need. A lot of of us continue to renew policies using options we don’t require and are unlikely to apply.

STEP 2 – Search online for the valid cover and the lowest price

The primary benefit of searching online is that you be able to compare cover up and premiums from any dozens of companies with the same detail. Price comparison sites will give you a baseline to work from, but be aware that not every comparison sites are equal. Any make assumptions about your needs and acquire quotes that may perhaps be higher or lower than you will be offered. Look for comparison sites that guarantee the accuracy of the premiums quoted.

STEP 3 – Look to non-traditional and newer insurers for the greatest prices

A surprising study run by a customer advocacy group ran profiles through 33 insurance companies via multiple price comparison sites, and checking a number of risk profiles. The end result was that newer insurers, and insurers not known for doing motor cover consistently came out using the cheapest premiums. Don’t close your eyes to a wonderful price just since the company isn’t “known” for car insurance.

STEP 4 – Buy cover that matches your driving needs and habits

Lots of of us only get a standard car insurance policy using cover up options that we are unlikely to need or apply. If you’re a low mileage driver using a standard policy you may perhaps be wasting hundreds every year. There is even a fresh ‘pay as you drive’ policy that uses a GPS device installed in your car so that your premiums are linked to your personal driving behavior including mileage, the roads you exercise and time of day you apply them.

STEP 5 – Reduce the risk and make the most of discounts

Premiums for some insurance are based upon risk, so to decrease your premiums try and decrease the risk of needing to claim on your policy. Factors such because where your car is parked, how it is used and how secure it is are all factored into premiums. A tiny known trick that be able to work using several insurers is to add a low risk named driver to your policy. A lady above the age of thirty using a clean driving record be able to cut your premiums by 5-10%.

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