Because I love to travel so much, and can’t quite afford to head off and do it full-time yet, I dedicate all aspects of my life to saving up for travel, specifically with my monthly bills. There are some things that you just have to pay such as car insurance and whilst there is no getting away from paying it, there are plenty of things which you can do in order to bring those costs right down.
I should note that one of the best ways of reducing car insurance cost is to avoid accidents and claims, assuming you are a safe driver, here is how to bag the best insurance deal out there.
Ignore Everything You’ve Seen
Car insurance as an industry has one of the biggest reliances on TV commercials and aggressive marketing strategies. For this reason it can be easy to be confused or dazzled with a company that simply markets well, but may not be able to back it up. The best thing that you can do is to try to forget the companies that you are aware of and go to a comparison site like Chill. i.e. where you can judge each company on their price and conditions rather than their ability to create a jingle.
Don’t Dismiss The Little Man
There are a great many companies who are far too often overlooked thanks to their size. There are only a handful of insurance companies in the country that have almost cast a monopoly over the insurance market. Very often you could find better deals with a regional insurer so make sure you search well.
Discounts and Bonuses
When you are weighing up the cost of various insurers, pay particular attention to the discounts, add-ons and bonuses that are being offered to you. In some cases you may find the cost of the premium to be higher but the that the bonuses outweigh any others.
Consider Car Costs
It is important that you have an idea of how much your car costs to fix or replace should anything happen to it before you think about paying for additional policies. Collision and comprehensive coverage on an older car with low value, may not be a smart option when it comes to saving money.
If you don’t use your car too frequently, you can save a vast amount of money if you opt for an insurance policy which operates its costs by usage rather than a set price. Usually you will have a small instrument to place inside your car which measures your mileage and you will only need to ay a fraction of the cost of an annual premium. If you are a casual driver who doesn’t rack up too many miles, this option makes the most sense for you and will be the cheapest by far.
Don’t just let your existing policy rollover, get active and go and find the best deal that is out there!