How to Reduce Car Insurance Premiums

Home
>
Insurance
>
How to Reduce Car Insurance Premiums

How to Reduce Car Insurance Premiums

Here are some useful tips on how to reduce car insurance premiums. Firstly, you need to find a sense of balance between coverage and cost. Apart from negotiating a good deal, there are some other things that you can do to further bring down your car insurance premium for example;

Many insurers average yearly mileage at 12,000 miles. If you do not drive this amount, you can inform your insurer, thus resulting in a reduction in your premium.

Park the car - Parking your car in a secure location such as a locked garage or a secure designated off road parking spot can potentially reduce your premiums.

Bulk buying - Most of the big insurance companies offer all forms of insurance such as home, life etc. You may receive a discount for buying multiple forms of insurance with the same company.

Female drivers are statistically less prone to accidents. Women can avail their quotes from a firm that specialises in covering female drivers.

Anti-theft alarm - Equip your car with electronic central locking and alarm. Most insurance companies have a discount if you have these devices fitted in your car.

Avoid high interest rates - Interest charges are very high if you were to pay your premium in monthly instalments. It would work out cheaper to pay your premium in one lump sum.

Buy on the Internet - Financial products are far cheaper on the Internet than elsewhere. Car insurance is usually about 10% cheaper when you buy online.

Shop around - Be prepared to do the legwork, if you want a good deal.

Check the insurance rating - Some cars are considered to be of a higher risk than others. Before buying a car, check out its insurance group rating as car insurance premiums vary greatly between insurance groups.

Imported cars are expensive to insure - The price of a car bought abroad may be cheaper, but most likely, the insurance won't be. This is because, the parts can be more expensive and difficult to find, so take this into consideration unless you are buying a car fully catered for in UK.

You may freely reprint this article provided the author's biography remains intact:

About The Author

John Mussi is the founder of Direct Online Loans who help UK homeowners find the best available loans via the http://www.directonlineloans.co.uk website.

In The News:

Yahoo! News: Top Stories

Obama OKs modest tax changes after seeking ideas (AP)

AP - Pushed by fellow Democrats, President-elect Barack Obama agreed to modest changes in his proposed tax cuts on Friday after inviting lawmakers to "just show me" ideas for fixing an economy shedding jobs at an alarming rate. Democratic congressional officials said that Obama aides came under pressure in closed-door talks to jettison or significantly alter a proposed tax credit for creating jobs.

Ill. House impeaches governor, who vows to fight (AP)

AP - Gov. Rod Blagojevich was impeached Friday by Illinois lawmakers furious that he turned state government into a "freak show," setting the stage for an unprecedented trial in the state Senate that could get him thrown out of office.

Israel and Hamas ignore UN call for cease-fire (AP)

AP - Israeli jets and ground troops hammered at Hamas targets in the Gaza Strip and Islamic militants fired barrages of rockets at southern Israeli cities Friday, ignoring a U.N. resolution calling for an immediate cease-fire after two weeks of combat.

Pastor in gay scandal: I'm back from 'wilderness' (AP)

AP - Speaking out two years after being embroiled in a gay sex scandal, former evangelical pastor Ted Haggard said Friday his sexual identity is complex and can't be put into "stereotypical boxes," but that his relationship with his wife is stronger than ever.

Palin: Is Kennedy getting 'kid glove' treatment? (AP)

AP - She messed up her first interviews, didn't show much of a grasp of the issues and, dontcha know, had a speech pattern that was widely mimicked.

Texas death row inmate pulls out eye, eats it (AP)

AP - A Texas death row inmate with a history of mental problems pulled out his only good eye and told authorities he ate it. Andre Thomas, 25, was arrested for the fatal stabbings of his estranged wife, their young son and her 13-month-old daughter in March 2004. Their hearts also had been ripped out. He was convicted and condemned for the infant's death.

Rare 'dinky' bird migrates to US for first time (AP)

AP - Birders with binoculars and cameras are flocking to a remote state park in search of a small yellow-chested bird that apparently crossed the U.S. border for the first time from its high-mountain habitat to the south.

'Dexter' brother and sister are husband and wife (AP)

AP - They play brother and sister on "Dexter." Now in real life, Michael C. Hall and Jennifer Carpenter are husband and wife. Hall's spokesman, Craig Bankey, said on Friday that the couple eloped in California on New Year's Eve. They'll walk the red carpet together at the Golden Globe Awards on Sunday the first time publicly acknowledging their relationship.

George the lobster gets new lease on life at 140 (AP)

AP - A new lease on life at 140? That's what a Manhattan lobster got Friday, when the 20-pound crustacean named George was released from a swanky Park Avenue restaurant's tank. City Crab and Seafood agreed to a request from People for the Ethical Treatment of Animals to let the lobster return to the Atlantic Ocean.

Stimulant exemptions in baseball on the rise (AP)

AP - Baseball authorized nearly 8 percent of its players to use drugs for ADHD last season, which allowed them to take otherwise banned stimulants. A total of 106 exemptions for banned drugs were given to major leaguers claiming attention deficit hyperactivity disorder from the end of the 2007 season until the end of the 2008 season, according to a report released Friday by the sport's independent drug-testing administrator.

Citi, Morgan Stanley in brokerage talks; Rubin quits (Reuters)

Reuters - Citigroup Inc is in advanced talks to sell its Smith Barney brokerage unit to Morgan Stanley, a person familiar with the matter said on Friday, in a move that would further dismantle the financial supermarket that has been bailed out by the U.S. government.

Illinois House votes to impeach Gov. Blagojevich (Reuters)

Reuters - The Illinois House of Representatives impeached Gov. Rod Blagojevich on Friday for abuse of power, including a charge that he tried to sell President-elect Barack Obama's former U.S. Senate seat.

Israel, Hamas press on with Gaza war (Reuters)

Reuters - Israel pressed on with a punishing Gaza offensive and Hamas sent more rocket salvoes into southern Israeli towns in a two-week-old war that continued to defy international efforts to stop it.

Obama team, Rep. Frank eye bailout fund overhaul (Reuters)

Reuters - President-elect Barack Obama and a key Democratic lawmaker revealed plans on Friday to overhaul the government's $700 billion financial rescue fund as a way to aid struggling homeowners and speed the flow of credit.

Jobless rate at 16-year high as payrolls plunge (Reuters)

Reuters - The unemployment rate surged to the highest in nearly 16 years last month as a deepening year-long recession forced companies to axe more than half a million jobs, government data showed on Friday.

Supreme court to decide voting rights law challenge (Reuters)

Reuters - The U.S. Supreme Court said on Friday it would consider a challenge to a central provision of the 44-year-old voting rights law aimed at preventing states and local governments from making it harder for minorities to vote.

Bank industry slams lawmaker-Citi mortgage deal (Reuters)

Reuters - A top bank industry group said on Friday that it opposes an agreement between Citigroup Inc and Democratic senators that would rewrite U.S. bankruptcy law to help troubled mortgage borrowers avoid foreclosure, saying it could make home loans more expensive.

EU seeks to finalize Russian gas monitoring deal (Reuters)

Reuters - The European Union sought to finalize details on Friday of a gas monitoring deal to allow the resumption of gas supplies to Europe via Ukraine, which have been cut off for days over a pricing row.

Defiant Israel presses Gaza offensive as toll passes 800 (AFP)

AFP - Tanks and warplanes pounded Gaza on Friday after Israel defied a truce order from the UN Security Council as the death toll from the two-week-old conflict against Hamas passed 800.

Somali pirates say they have released Saudi supertanker (AFP)

AFP - Somali pirates said Friday they had freed a Saudi-owned supertanker, whose capture nearly two months ago caused panic in international shipping and spurred the world into tougher anti-piracy action.

How to Reduce Car Insurance Premiums

Insurance Insurance