Posts Tagged ‘tips and tricks for cheaper car insurance’
REDUCE RISKS,REDUCE BILL PART 1
Sunday, February 28th, 2010
Reduce All Possible Risks to Reduce Cost.
Every application for any insurance is treated as different. Insurer’s price depend on two things, first how underwriters assess your particular risk and then price model which tells insurers what sort of customer you are.
Now as some factors related to you are unchangeable like your age, gender and place where you lived plus your past as well. But still there are few things which for sure can be altered e.g.
1- Leave your car in garage or driveway which will save your car from theft and accidental damage, resulting in 3% – 7% drop in insurance costs approximately.
2- Points on driving licence usually get penalised when insurers give you quotes. Speeding points for past 04 years and convictions are checked for last 05 years.
How they affect you?
One speeding conviction affects by 5% but two can make a 20% rise. If you were caught using a mobile can increase your quote double fold.
3- Insuring under 25 is very expensive, so you can add a second driver with a good record even if they don’t regularly use the car. It will soften high risk. But never add your or anyone’s else name as main driver only for the sake of insurance, as it is called fronting fraud and may invalidate you insurance claim in case of any contingency.
4- Always make a sensible decision when you are out and about to buy car, as engine size and value also impact your insurance costs.
5- Having an extra security, other than factory fitted ones like an alarm or immobilizer like Thatcham can reduce bill also.
6- Modified cars cost more so anything in a car which is not part of standard vehicle specification is an extra or modified. Make sure your insurer is well-aware of any modifications.
7- Lesser you drive, cheaper will be your insurance whenever you travel, add price of insurance other than petrol price and keep your mileage as low as possible on your car. You can do this by driving other people cars if your policy allows. If you drive to your work, then declare this. Always keep your insurers up-to-date with your change of circumstances otherwise it is termed as fraud, can prove expensive as it will follow you for life. These circumstances can be changing job or home etc.
In next post, we will continue showing you how you can reduce controllable risks to reduce your insurance bill, click HERE.
To apply for cheap car insurance or to see exclusive comparison sites,online brokers and insurance companies,click HERE.
Don’t forget to read our other useful pages e.g
MOT,to find out everything about MOT,how to avoid failing MOT, retest fees and finding a cheap,reliable MOT test centre near your home run by your local councils.
Warranty,to find out best policies.
Amazon treasure hunting and cheap shopping tips.
Breakdown cover,to find out best policies and deals.
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