How many of you at one point or another have wished you could save money when purchasing insurance for your car? The answer most probably is all of you.
Who doesn’t want to save money? It’s expensive enough to buy the car in the first place, then you have to take into account; Tax, servicing costs, fuel and perhaps most dreaded of all; insurance.
Let me tell you something; saving money on your car insurance quote is actually easier than you thought. Now I’ve told you that little fact let’s look at why; Every little detail you provide when applying for a policy is taken into account and duly affects the premium price. With that in mind, consider what happens when you inform the insurance company you will be driving an expected 15,000 miles in the year as opposed to say 10,000. The extra miles literally mean that you will be on the road more so therefore your risk factor has increased. Inversely if you were to inform the company you were expecting to travel 6000 miles in the year, you would then be less of a risk as you would be on the road less. It really is that simple. Of course this doesn’t mean you should just lie to your insurer to get the cheapest quote. This would be classed as fraud and you policy could be voided, which you may not find out until you actually needed to use it. It’s all very easy to guess the mileage you expect in a year but if you are out by 3000 miles you may have just paid extra for that. A good tip for calculating mileage is to compare M.O.T certificates to see how many miles you drove in the previous year. Unless your circumstances have changed drastically this will be the most accurate way you can estimate your mileage.
So, the question is; how do you cause your policy price to drop without falsifying the details you give. First of all you need to look at the area’s that are most influential on the price of the policy. A good example would be your occupation. It’s certainly very easy to give it little thought and just select the first job title that sounds vaguely familiar. This is where you’d be making a big mistake. If you were to choose newspaper reporter you might pay £370, if you were a little more cunning and chose journalist/correspondent you would have just saved yourself £90. It sounds like fools logic but that is really the sort of difference you can expect. The best way to work out what’s best for you is to try the quote with one job title and then re-try with a different description. This is commonly known as massaging the quote. This is fine as long as you remember not to outright lie to get the quote you want as this will get you nowhere in the long run.
Other things to consider; for starters think about where your car is kept, keeping your car on the drive instead of the road will reduce your premium. You must make sure you actually do this as if the insurance find out in the event of a claim it could again void your policy.
If you’ve recently passed your test and are after young driver car insurance you can help decrease your policy by adding an experienced older driver (with a clean licence) to your policy. In no circumstances should you take out the policy in this persons name and then add yourself as a named driver if in fact it is to be you who will use the car. This is again classed as fraud and will result in loss of your policy should the insurer find out.
Bearing these facts in mind, have a go when you next renew your car insurance and see how much difference it can make. Remember above all else to keep it honest, falsifying any details will only end in your policy becoming void.
by: Chris Rowlands
Article Source: www.articlesbase.com
No comments:
Post a Comment