Friday, July 8, 2011

Ways to achieve discount car insurance

Insurance companies will use your postcode as a means of assessing the risk of theft or damage and where your car is stored will play a contributing part. Keeping your car in a locked garage overnight can result in lower insurance premiums compared to if you park on the street as well as providing protection against the elements.

It is always helpful if you can cut the cost of essential bills and car owners across the nation will be pleased to hear there are several ways in which you can lower the cost of your car insurance premiums.

One of the simplest ways to reduce insurance costs is to keep your car as safe as possible. The less likely your car is to be damaged or stolen, the less the insurance premium will be.

Insurance companies will use your postcode as a means of assessing the risk of theft or damage and where your car is stored will play a contributing part. Keeping your car in a locked garage overnight can result in lower insurance premiums compared to if you park on the street as well as providing protection against the elements.

As more than 50% of vehicle thefts occur during the night it makes sense to keep your car locked safely away if possible. If you don't have access to a garage or private car park then parking on a driveway is generally considered a lower risk than street parking.

When it comes to the car itself there are various ways to drive down the cost of insurance. Fitting an approved alarm and immobiliser and/or tracking device can help to lower costs as will most improvements to overall security, such as remembering to keep your car locked whenever you leave it parked.

Remember that the engine size of a car can affect insurance costs. A practical and economical car could not only save you money on fuel but may well minimise insurance costs too as cars with smaller engines and good safety records are generally in lower insurance groups.

Another tip for securing discount car insurance is to carefully assess the yearly mileage you are likely to clock up. Many insurers average the yearly mileage at 12,000 miles but if you don't drive this much then you can inform your insurer who may offer a reduction in the cost of your premium.

Take care when you're out and about and drive safely as one of the most effective ways to achieve discount car insurance is by building up a no claims discount.

Generally, the longer the period without a claim the cheaper the premium will become. Keeping your car safe and taking an interest in security can help reduce a premium further and the less your car is on the road the less likely you are to be involved in an accident so maintaining the lowest annual mileage possible is advantageous in several ways.

This article has been written for information and interest purposes only. The information contained within this article is the opinion of the author only, and should not be construed as advice or used to make financial decisions. Expert financial advice should always be sought and any links contained within this article are included for information purposes only.

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