Car Advice: From shopping to parking at night, tips to cut your car insurance costs

What factors affect the cost of your premium? The cost of your insurance premium is based on a number of factors, including age. So whether you’re 17 or 65, your age matters. Your location also matters, as a higher number of claims in a given area is likely to increase premiums.

Our own driving history is also important. So if you have a history of making claims or have points on your driver’s license that will affect it, as will whether you have a full license or a learner’s license. The longer you are claim-free, the lower your premium will be. Also, remember to disclose penalty points and anything else you think might be relevant. Your job is also important, especially when it comes to travel.

The number of kilometers you drive annually also plays a role, and finally, the age of your car, make, model, fuel type, transmission and engine size all affect your insurance premiums without exception.

How can I save money when I renew?
You may be tempted to accept the renewal offer, but don’t fall into that trap. It’s always worth browsing. However, remember to compare all insurance quotes on a comparable basis. Some may offer roadside assistance as an optional extra and for others it may be included in the policy. Therefore, check all these details.

Does the value I place on my car make a difference?
Always give your car a realistic value. When we’re asked to value our cars, most of us have a pretty inflated price in mind, so it’s worth checking similar makes and models online to get an idea of ​​replacement costs. In the event of an accident, the insurance only pays out the market value of the car at the time of the accident.

Is there anything else I should consider?
The more securely your car is hidden at night, the happier your insurance company will be, so any extra security features you add can make a difference to your premium. These include an alarm system, an immobilizer or leaving your car in a garage.

top tip: Reducing your annual mileage can have a major impact on the cost of your insurance premium because the more you drive, the more likely you are to be involved in a collision. Use your NCT certificate to accurately estimate your annual mileage.

Do you have a question? Email Car Advice: From shopping to parking at night, tips to cut your car insurance costs

Fry Electronics Team

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