Car insurance is one of those things that we pay out for on a regular basis and we dislike seeing it coming out by Direct Debit but its a necessity. When it comes around for renewal, its well known that people just find the hassle of shopping around for a new policy hard work and therefore, opt for the renewal quote. But don’t…
Here are the top 3 tips for getting the best chance of getting a deal on your car insurance:
Top 3 tips to cut your car insurance
Shop the Market
There are lots of comparisons sites on there to use from those with the singing guy to the mischievious meerkats, but don’t just take the first comparison site as the answer to getting the best car insurance quotes.
Make sure you enter the details correctly and when comparing, compariosn websites, make sure things like the option of courtesy cars and voluntary excess is the same.
Make a list of the insurers that best suit your needs, be it cheaper on the monthly payments, or the benefits included. Before committing to purchasing through a comparison websites, use a cashback website such as Quidco (Get £5 when using our link) or TopCashback to see if you can get any additional money back at a later date.
Renew Your Insurance in February
Purchasing a car insurance policy at the right time of year can have an effect on the quotation provided. Research has shown that February is the chespest time to take out car insurance cover.
On the flipside, December can be the most expensive time of the year to renew your car insurance with a huge 18% difference between the two months (Source: Which).
It may seem like a hassle to line your insurance up for February, however, do your shopping in this month and some insurance companies allow you to delay the start date, ideal if you’re insurance expires in the March or even April.
Credit Score Matters
The general rule of thumb for car insurance is the higher your credit score, the lower the premium. Research has shown that there is a huge difference so its quite important to make sure you credit score is correct.
You can use 30 day trials with companies such as CheckMyFile which look at your scores with all of the main credit reference agencies. Or you can go directly to Experian, Equifax and TransUnion.
Once you’ve got your credit report, go through it with a fine tooth comb and make sure any mistakes are rectified.
Insuring a Lease Car
Whether its a short-term car lease or a long term car lease, you need to make sure that you give the correct details to your insurance company when insuring your lease vehicle.
If it is a contract hire or short-term car, you need to tell them that you will not be the registered keeper. Any wrong details, could void your insurance.
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