More Car Insurance Tips To Help Keep Your Premiums Down
In this blog we are taking another brief look at car insurance and share some additional tips to help you keep your premiums as low as possible.
Today’s cars are going hi tech – computer assisted vehicles are on the rise and as a result they’ve become much more difficult to repair. Mechanics are having to become more savvy with computers and additionally parts coming in from abroad are getting more expensive because of the weak pound.
According to the Association of British Insurers (ABI) the average annual comprehensive policy cost £462 in the last three months of 2016. The last high average figure was £443 in the spring of 2012 and the ABI also said that on average repair bills have risen by 32% over the last three years to £1,678 per visit.
So for young people and those who are a bit low on cash, there have got to be a few more ways you can try to bring down the cost of a policy. Earlier on in 2016 we published another article on keeping costs down, but here are a few more tips to help them stay down for 2017.
The Black Box
It’s hard for insurance companies to know what your driving style is, so they usually just don’t bother finding out and calculate your policy based on mathematics, taking into account your age and gender and lots of other factors.
Therefore, installing a ‘telematics’ system (also known as a black box) can provide an up to date record of your style of driving. And if you drive safely it can help lower your premiums. The box measures your speed, rate of acceleration and braking, as well as the time of day you drive.
Adding Additional Drivers to Your Car Insurance Policy
Given that insurance policies are all about the risk of an accident, it makes more sense to add additional drivers to your policy, especially people with more experience. If you add a parent or older driver with a good history of safe driving your premiums could go down.
However, it has to be someone who would reasonably drive your car on a regular basis, so this is a good one for if you’re still living with parents or are in a situation where the second driver is usually present.
Keep Your Car Unmodified
Obviously if your vehicle is ‘fresh out of the box’ as it were this will reduce premiums, but it might also be worth looking into seeing if you can remove modifications that a previous owner has made to see if you can bring those premiums back down.
Make Sure To Shop Around for your Car Insurance
Price comparison sites are great and all, but did you know insurance is a bit more complicated than just going to different sites?
People have discovered that different job titles often lead to changes in premium pricing, for example if you are a blog writer you could potentially use the titles ‘blogger’, ‘writer’ and ‘journalist’ when shopping for insurance.
Technically these titles are all safe and legal to use, but there is obviously a limit to what you can do and it be legal. Never ever lie about your job title on an insurance form, it will get you into a lot of trouble.
However, there are plenty of sites which let you test the water and see how your premiums might change based on your job title. It’s perfectly legal to look, but if you do use another job title to the one you’ve used before, make sure it’s legal, and it applies to you.
We hope these tips help you achieve lower or more affordable premiums during these tough financial times.