1)Never Accept a Policy Renewal - Always Get New Quotes
You will not waste your time shopping around.It could save a lot of money and standard policies change as times change and new product are always launched.Get at least five quotes for comparison purposes, but remember to compare like with like.
2)Take Care of You No Claim Bonus (NCB)
Be a safe driver.That way you will build up a no claim history that will help with future renewals or quotes for insurance.
3)Adjust you Excess to Reduce your Premium
If you increase the voluntary excess that you are prepared to pay on your policy you can reduce your premium.The more you are prepared to pay, the less your premium will be.
4) Install an Approved Alarm
Installing any alarm or tracking device will reduce your premium.Be sure to install a Thatcham approved device as this is the industry standard.Other devices might be a waste of your money.
5)Secure Car Parking
Make sure your car is parked in a secured area.A lock up garage is preferable as this lowers you risk profile and will reduce your premiums.
6)Do an Advanced Driving Test
Driving Tests / Advance Driver’s Courses done by recognised institutes will demonstrate to your insurance company that you can handle a car and they will reward you with lower premiums.
7) Check with you Broker Before you Buy a Car
Make sure the vehicle you are about to buy is not seen as a high risk vehicle.With Performance vehicles and Modified vehicles you can expect higher premiums.Some vehicles might not even be insured by certain Insurance companies.
8)Buy Insurance On-Line
Many Insurance Companies will grant a discount for buying insurance On-Line.There are less costs involve and part is passed to the customer.
9)Set You Maximum Mileage
Your Premium will be reduced if your mileage is less than 12000 miles per year.This is especially helpful if you do not use your vehicles for daily commuting.
10)Consolidation
Try to use the same Insurance Company for all your insurance needs.Your risk will be average and discounts give as you are giving them more business.
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