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Irish expert reveals genius strategy to lower your auto insurance costs

An Irish expert has revealed a genius strategy to lower your auto insurance costs – and how you can save money instantly.

Car owners have many standard expenses such as taxes, gas, service, NC but when it comes to insurance, there are many factors that can bring down the cost.

Owning and driving a car can be very expensive when all the bills add up

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Owning and driving a car can be very expensive when all the bills add upCredit: Getty Images – Getty
Taking these steps can lower your premiums

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Taking these steps can lower your premiums

According to a Central Bank report, insurance premiums increased by an average of 26% between 2009-2020.

According to a survey conducted by AA in 2019, the average cost of running a family car for a year is around €10,691.12.

Cutting car costs where possible is important to motorists, and these savings can be invaluable.

Some insurance companies offer a discount on additional safety procedures such as completing an ‘Advanced Driving’ certification or adding a black box to document safe driving.

Fergal Lynch from Chill Insurance advised motorists to take the following steps to reduce insurance costs.

REDUCE RISK

Auto owner insurance premiums can be high if they store or use your car in a place with a high number of claims, a larger population, or a higher crime rate.

“Before insurance companies put out deals, they calculate how likely they are to think you will make a claim,” explains Fergal.

“With this in mind, one way to lower your insurance premiums is to make your vehicle safer.

“This can be done in a number of ways like having your own private or secure parking space overnight, driving less, or installing an alarm and tracking system for your vehicle.”

CHOOSE YOUR CAR CAREFULLY

Choosing an older vehicle, or modifying your vehicle, can affect your premiums.

“The value, make, and engine size of your vehicle will have an effect on your premiums,” he says. As a general rule, cheaper, less powerful cars attract lower premiums.

“Older cars can affect your insurance costs as they are more likely to break down and are less likely to be equipped with security features found in more modern cars like alarms. or stationary equipment”.

PAYING CLOSE ATTENTION TO POLICY OPTIONS ONLY

With the multitude of insurance companies on the market, it can be difficult to determine which of the cheapest policies is the best or whether you should pay a little more.

“It may seem obvious, but with the wide range of policy options available on the market today, it can be difficult to choose the best policy for you and your family,” says Fergal. mean of transportation.

“For example, consider what policy add-ons you really need. You probably already have crash insurance through your bank, which means there’s no point in paying extra for this feature as part of your car policy. “

PAYING ATTENTION FOR DETAILS

Statistics play an important role in calculating your premium, however, paying attention to certain details can make all the difference.

This is why you should always be as precise as possible when choosing your profession when making a quote, says Fergal.

“While you may find that your exact job title isn’t available when you search, it may take you a few extra minutes to find as accurately as possible about costs.”

HOW YOU PAY

Deciding how you pay for your coverage each year will affect your premiums.

Fergal adds: “It may be easier to pay for the policy month by month, but in the long run you will most likely end up paying more due to interest.

“Another useful tip is to choose pay a voluntary excess fee in the event of a request. By raising your voluntary excess, you can take your insurance with you cost down.”

Meanwhile, we look at Working Family Paymentam i eligible and how can i apply?

The average cost of running a family car for a year is around €10,691.12, according to AA

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The average cost of running a family car for a year is around €10,691.12, according to AA

https://www.thesun.ie/money/8290787/irish-expert-genius-strategy-reducing-cost-car-insurance-money/ Irish expert reveals genius strategy to lower your auto insurance costs

Fry Electronics Team

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