A guide to saving money on your car insurance premiums

The biggest cost that motorists face each year is insuring their vehicle. In the current economic climate everyone is trying to save money but cheap car insurance can often be hard to find. This article will explore ways in which you make changes and cut back on your monthly premiums.

In order to make changes it is important to be aware of how insurance companies work out the cost of your premiums. How much you pay is typically based on how much the car is worth, the risk of theft with the particular model and the safety record of the vehicle. With this in mind are there any changes you can make? Any additional security that you have in place or can put in place will work in your favour such as quality locks, security codes on windows and alarms. If you do not have a good safety record you could consider taking an advanced driving course which is designed to give you a wider experience of driving, for example in wet conditions. If you happen to have any no claim bonuses this will also work in your favour and is important to mention. If you happen to have a younger person as a named driver on your policy this could work against you. If you are in a position to remove a younger driver from your policy you could save up to 10% on your car insurance premiums.

Another thing worth mentioning is excess. Excess is the amount you have to pay towards a claim if and when you need to make one. Before you take out a policy look at the amount of excess that you will be expected to pay. If you offer to pay the insurance company more excess than expected there is a good chance your premiums will be reduced which could save you money in the long run. In addition to this if you are in a position to pay all of your premiums for in advance you could look to reduce the amount you pay by 30%. Paying in advance is often favoured by insurance companies over paying monthly.

One of the most effective ways to get cheap car insurance is to get multiple quotes from companies by shopping around. As little as one in five drivers take the time to compare car insurance as they are under the impression that it will be difficult and time consuming. With the help of on line price comparison sites it could not be easier to get cheap car insurance quote. Moneysupermarket.com is one of the leading price comparison sites and helps millions of people to get cheap car insurance. Why not visit their site today to see how much you could save.