Automotive

Published on July 5th, 2014 | by neil

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Secret Money Saving Tips Car Insurers Don’t Want You To Know

Love it or hate it, car insurance is one of those necessary evils that form part of the car ownership experience. Some people risk driving without car insurance, but they often get caught and end up in serious hot water! Don’t be caught without insurance, contact Charles Goodman & Co Insurance to get covered today.

The insurance industry are keen to tell you that car insurance premiums are getting cheaper. But what they fail to mention is that the industry makes a loss due to fraudulent claims. That means they will not make any notable price drops for motorists.

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Are you fed up of paying a fortune for your car insurance? If so, make sure you check out these secret car insurance money saving tips that they don’t want you to know about!

Named drivers

If you are 25 years of age or younger, chances are your car insurance will be expensive. But did you know that you can lower your car insurance premiums by adding named drivers to your policy?

Those drivers should be older than you (i.e. they are your parents), and have a clean driving licence.

As long as you are the main driver, there is nothing illegal about adding other drivers to your policy. Even if they never drive your car or only drive it once a year, it’s still worth adding them!

Don’t pay for automatic renewal

It’s tempting to stick with the same insurance company when your existing policy is due for renewal. It’s also a bad idea to do so!

Car insurance firms have no obligation to make your insurance policy cost the same or cheaper than your existing one. You will get a more-expensive quote when you renew!

About one month before your existing policy is due to expire, spend an hour or so getting quotes from car insurance websites. Go Compare, MoneySupermarket and comparethemarket.com should be your first port of call.

Comparison websites get quotes from many insurers without you having to fill in several forms.

Join an enthusiast’s club

I can guarantee you that there will be an enthusiast’s club set up for the particular marque or model of car that you drive.

Mike from GK Group recommends that you sign up to an enthusiast’s club for several reasons:

  • Insurance discounts – many clubs offer discounted insurance through an affiliated firm;

  • Lower motoring costs – you can save money by learning how to fix certain car problems yourself;

  • Community – enthusiast clubs are a great way of meeting people and making new friends.

Make sure your occupation is correct

Certain vocations are riskier than others from an insurance point of view. You should make sure that you select the correct occupation when getting online quotes, as it can impact the cost of your premiums.

But make sure that you don’t lie about your occupation, as your policy could be void if the insurance company learns that you lied to them.

Check your mileage

The average annual mileage is 10,000. But did you know that if you do less miles each year, your car insurance will be cheaper? That is because there is less chance of you making a claim.


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