Tips – how to save on your insurance
Rates can vary dramatically for the same driver, depending on which company you ask. That’s why it’ll pay you to get quotes from multiple insurance companies by using our quote form.
We offer the 12 most important ways to reduce the costs of your Insurance:
1) Compare Prices: the difference between the highest and lowest quote is always huge. Why not use our form to get 9 Independent quotes with minimal fuss. Insurance companies are constantly collecting data that will change the price of your insurance, so a company that is the cheapest this year may not be cheapest next.
2) Insure all your items on the same policy: the more you add to a single policy the better the rates should be. insurance companies generally offer better rates if you insure your home contents (and other items) along with your car.
3) Consider taking a higher excess: you could lower your premium by taking a higher excess, but make sure you can afford to pay the higher amount.
4) Do you have a degree or own a company? You could save up to 35% on your insurance. Fill out our form and enquire about our “Elite packages*
5) Insure your car for the right purposes: it is more expensive to insure your car for business use than personal use. Find out the criteria for business use – ie. how many times a month visiting your clients constitutes “business purposes”.
6) If you have good credit – you’ll pay less: almost all insurers pull your credit report, before they calculate your premium. Studies have shown that someone with a bad credit record is more likely to claim. If your credit history is shaky, clean it up as soon as you can.
7) Fit tracking devices / Immobilisers: you can reduce your premiums by fitting anti-theft devices.
8) Insure your car for its Market value or list price rather than its Retail Value: this will mean a monthly saving but will leave you underinsured if you have to replace your car. Consider top up cover.
9) Where you live: the area you live in can make a big difference to your premium. The less people that have accidents in your area, the lower your premium will be.
10) Get old fast: one of the advantages of getting older is that your insurance premiums fall. If you are over 25 your insurance premiums will fall – get comparative quotes and see for yourself.
11) How fast is your car? If you’re a young driver with a fast car, it’s likely you will pay more.
12) Many others, including your claims history; where you park your car; if you use your car for business and even the colour of your car will make a difference to your premium.
Price is not everything - also consider:
1) Does your insurer offer a cash-back bonus for not claiming after a certain time-period? Work this “discount” into your premium and the picture could change.
2) Emergency Home and roadside assistance – some insurance companies offer this as a part of your cover, while it is optional elsewhere.
3) Does your insurer handle claims efficiently and timeously?
4) Does your insurer offer specialty or stand-alone packages for your hobbies like cycling, photography etc?
5) Do you prefer the efficiency of dealing directly or do you prefer the peace of mind using brokers? We have partnered with both.