Check Out These Surprising Tips To Lower Your Car Insurance!

One of the motoring expenses that all drivers have to bear is car insurance. Like it or loathe it, we aren’t allowed to drive on any public roads without it. For some people, the premiums they pay can cost more than the value of the vehicles they drive!

If you are one of those unfortunate souls, you will no doubt be wondering how to get cheaper car insurance. It turns out that there are some surprising ways to slash the cost of your premiums.

Want to know what they are? Keep reading and all will be revealed!

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Don’t drive an exotic car

The thing about insurance costs is that they get based on risk. In other words, the likelihood of you making a claim on your policy. If you drive around in a mass-produced family car, your premiums will be lower than that of a Porsche 918 Spyder!

Even old exotic cars can cost a lot to insure. Sure, you might be an older, more responsible driver. But if someone drove into you, the cost to repair your car might be a small fortune. To avoid paying for the privilege of driving such a car, the answer is to just not own one at all.

Instead, it makes more sense to opt for a model that is insurance-friendly. Mark from Inchcape Lexus suggests having a shortlist of cars you like, and checking what the insurance is likely to cost on them.

That way, you can decide which car is for you before you buy it. Pretty neat trick, don’t you think?

Get quotes from specialist insurance firms

Do you drive a classic car? Maybe your pride and joy is heavily modified? If your car isn’t a typical mass-produced vehicle, it can pay dividends to get quotes from specialist insurers. The good thing about using such companies is you can both agree on a value and the level of risk both parties are willing to take.

In return, you get valid insurance cover for your vehicle. You might have to agree to things like mileage restrictions, but it’s worth it if you can still drive your car legally on public roads.

Don’t be a speeder

When you speed, it’s only a matter of time before the cops catch up with you. And when that happens, you’ll end up with some penalty points on your driving licence. It’s no big secret that having a tarnished driving record will affect how much you pay for your car insurance.

The best thing to do is just stick to the speed limits. If you’ve got a need for speed, you’d be better off taking your car to a track day event – away from public roads!

Pay for your year’s insurance upfront

One final tip that you might not know is that your car insurance can be cheaper if you pay for all of it in one go! Insurers will charge extra if you wanted to spread the cost over ten or twelve months. That’s because they add interest on top.

But, if you can’t pay for it all in one go, what else can you do? Another option is to take out a credit card that offers an interest-free period of 12 months. That way, you can pay the balance off in twelve months without incurring any extra charges!

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