You’re Overpaying for Insurance – Here are 4 Things You Can Do Today

Car insurance is one of the most important recurring costs when buying a vehicle. Insurance companies are businesses, and they are in it for profit first and foremost. If you picked the first insurer you came across or didn’t take the time to do the research on what affects your premiums, then there’s a very strong chance that you could get something better. Let’s take a look at a few things you can do today to reduce your insurance costs.

Look Elsewhere

You have to take advantage of all the options you have at your disposal nowadays. There are so many competing insurers in the country that it makes no sense to stick with one your whole life. There’s nothing risky about switching policies as long as you go with a reputable provider.

If you want to find very cheap car insurance, we suggest you check out a comparison site like They allow you to compare quotes from over 100 UK insurance providers. What makes their service so great is how convenient it is. All you have to do is run a search for the policy of your choice, compare policies side by side, and then go with the provider that’s offering you the cheapest quote.

Don’t Use Instalments

Most people will not even think about paying their insurance upfront, but you’d be surprised at the types of savings you could stand to make. You could save as much as 30% on your insurance bill by not opting for monthly payments. Also know that insurance companies can be very predatory and won’t hesitate to charge people who are more susceptible to paying per month, like the elderly and young drivers, so look at whether you can pay with one lump sum instead.

Choose the Car Wisely

Don’t pick a car just because you like it. Also, don’t pick a vehicle because it looks cheap, since you might end up paying more in the long run. Some cars are terrible when it comes to crash ratings or always end up in accidents for some reason. You should also know that larger vehicles with more powerful engines will usually cost more to insure.

Add Security and Tracking Features

Many insurers will agree to drop your premiums if you add certain features. However, you have to make sure that you consult your insurance company to know what these are. This is because some modifications might look great on the surface, but could actually increase your costs, such as GPS tracking systems for instance.

Things like a telematics box that can track your driving habits, on the other hand, are almost sure to get you a discount, so ask if the insurer offers black box insurance and how much you can stand to save.

These are all things that you could do immediately to reduce your insurance costs. The more you do, the lesser you’ll end up paying, so start looking at what you could do right now.

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