5 secrets about Car Insurance to help you save money in the New Year!
1. A responsible, ‘additional driver’ can actually help you cut costs:
Simply put, Car insurance is all about risk, that’s why it can work. If you’re a high-risk driver and you add someone who is a much lower risk as a 2nd driver, they can bring down the average risk and you may be able to get a cheaper policy.
2. Tweak your job description:
Another quick win is tweaking your job description (legitimately of course). An illustrator is often cheaper than an artist, an editor than a journalist, a PA than a secretary. Remember however; never lie as this will be considered fraudulent.
3. Don’t pimp your ride. Lock it down:
For those over the age of 50, ‘pimping your ride’ involves decking it out with fancy alloys, windows and spoilers. The more changes you make to your car, the more you’ll be charged. Always tell your insurer about any modifications and whether you made them or not, or it may invalidate your policy.
On the other hand, savings are there for the taking if you can protect your vehicle by securing it, whether by the use of an alarm or keyless entry.
4. Never auto-renew – loyalty is expensive:
Insurers charge increasing amounts each year, knowing inertia stops policyholders from switching. If your renewal is coming up, jot it in your diary to remember it. Then, utilize the services of a ‘BestQuote’ comparison website to find the best price and coverage for your needs based on your up-to-date information.
5. You can switch mid-year, don’t wait for renewal:
Don’t assume switching is only for those at renewal. This is very important when prices are rising, as they are this year. This means you may find switching early saves anyway, especially if you didn’t follow the full cost cutting system in the past.
What to do with those savings is now entirely up to you. Or simply just relax knowing you’ll be starting the New Year with some extra money in your pocket!
Give us a try online, or call us today at 537-0140