The cost of car insurance will also depend on which policy you take out. There are three different levels of cover, third party only, third party fire and theft and fully comprehensive. Fully comprehensive is the dearest and most complete form of cover you can take. This is then followed by third party fire and theft and finally third party only, which is the most basic from of car insurance.
There are many car insurance tips you can follow to save money on the cost of insuring your car. All insurance providers will ask that you pay an excess on the policy, this means that you stand to a certain amount of the claim and then the insurance company pay the rest. For instance if you are involved in an accident and it costs £300 to repair your car, if the excess is £100 then the insurance company would pay £200. You can increase the amount of excess that you offer to pay and this will keep down the cost of your car insurance. The disadvantage of course is that you would have to find the money if you were involved in an accident.
Another great tip is to increase the security measures on your car. Cars that are kept locked up in a garage are less likely to be stolen or suffer damage from vandalism. The same applies to installing security measures on the car. You can make the car harder to steal by adding such as tracking devices, alarms and immobilizers, all of these will help you to keep down the cost of your car insurance.
Car insurance premiums also take into account age and gender. Women drivers are seen to be the safer drivers on the road as they put in fewer claims than men. Therefore women drivers can get cheaper car insurance premiums. There are many car insurance companies who specifically offer car insurance to women and this is the best way to make huge savings on the cost of your insurance.
One of the best car insurance tips for the younger driver is to improve your safety record. Younger drivers do not have no claims bonus and this can help to keep down the cost of car insurance. The younger driver is often charged high premiums as they are seen as a bigger risk. However you can attend advanced driving lessons which could help to keep down the cost of the insurance. You should also keep the engine size of the car down as the bigger the engine the more it will cost to insure the car. Younger drivers looking for car insurance should also consider taking out third party fire and theft insurance as opposed to fully comprehensive as this is a more affordable type of policy.
David Thomson is Chief Executive of BestDealInsurance an independent specialist broker dedicated to giving consumers the best insurance deal. They offer great value home, life and car insurance.
