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How to save money on your Car Insurance

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Ten top money saving tips to cut the cost of your car insurance:

  1. Look at the full cost of the car insurance policy. Some car insurers will charge you interest if you pay monthly as opposed to paying upfront in full each year, so make sure you factor in this cost when comparing car insurance policies. If you can’t afford to pay in full, you could pay for it using a 0% for purchases credit card, then make the same monthly repayments to that instead.
  2. Use a price comparison site to compare car insurance from all the leading car insurance companies quickly and easily.
  3. Make yourself as lower risk as possible by parking your car on a drive-way or in a garage, and by fitting an alarm, immobiliser or steering lock.
  4. Reduce your car insurance premiums by paying a higher voluntary excess and by adding named drivers only onto the policy
  5. Slow down as penalty points and speeding convictions will increase your car insurance premium significantly
  6. Driving fewer miles will lower your car insurance premiums and you could also benefit from a pay as you go car insurance policy. These offer fully comprehensive cover and can be good value for people driving under 6,000 miles a year and those who don’t drive between 11pm and 6am.
  7. Apply for cover from your existing car insurance provider at renewal as a new customer as it’s likely you will be given a cheaper quote.
  8. Make a note in your diary to shop around for a car insurance renewal quote early. Car insurers have to send renewal notifications at least three weeks prior to renewal, but leaving renewing your car insurance policy to the last minute means you have less time to shop around for a better deal.
  9. Check for special car insurance offers as there are deals to be had on insuring more than one car with the same car insurer, cashback, free breakdown assistance, free sat navs etc
  10. Buying car insurance online will usually get you a discount of at least 10%

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