3 Simple Tips to Make Sure You Don't Pay a Premium for Vehicle Insurance

Vehicle insurance costs are skyrocketing, with the actual premium figures up by a considerable margin.

19:49 22 January 2019

In 2017, the average car insurance premium in UK rose to a record high with the rates reported in London and north-west England being significantly higher than the national average. With the average cost of cover refusing to come down, you’ve now got to think about ways to lower your insurance cover premium and get a cheaper quote.

Here we round out some key tips to shave a few hundred pounds off of your insurance cover.

Pay Weeks in Advance

Not sorting your insurance cover in advance may hurt you bad. As experts say, buying your motor insurance ahead of time can help you cut down the money you spend.

Buying a cover three weeks in advance, rather than in the last minute, could save you anywhere around a couple of hundreds of pounds, depending on your age, where you live, and the type of vehicle you drive.

Why, is the question.

This is mainly because some insurers view people who buy cover weeks in advance as risk-averse and least likely to get adventurous behind the wheel. And, that generally means a lower premium.

Be Clear about Your Occupation

Yes, what you do for a living matter. Your choice of occupation, from the pre-populated list of titles insurers have on file on their system, is very crucial in determining what premium you are going to pay.

A ‘music teacher’ pays more premium than a ‘teacher’, a ‘chef’ pays more premium than a ‘kitchen staff’, a ‘construction manager’ shells out more than a ‘builder’, who, in turn, pays a higher premium than a ‘bricklayer.’

So, it clearly helps to be specific about your job. And if you are retired or a full-time parent make sure you don’t identify yourselves as unemployed, as just saying that could attract a higher cost of cover.

Shopping Around for Quotes

Remember, the best way to cut premium costs is to shop around. Just spending a few minutes of your time collecting quotes on insurers websites and comparing them could mean a lot of money in savings. Websites like the Rodney d young website help people save both money and time, by allowing them to compare quotes from the some of the leading insurance providers in the country.

As a matter of fact, the Rodney d young insurance website in Dallas Tx allows people in Texas to find vehicle insurance quotes that are not only relevant to the local laws in that state but also fit within their budget. But how? Operating against the traditional insurer model gives Rodney d young the leverage to provide comprehensive direct to consumer policies at a cheaper rate to people in Lancaster and several cities in Texas, and other states in the USA.

Bonus Tips

Adding another person- whether it be your parent, spouse or a roommate- as a driver in your policy could bring down the cost of premium by hundreds of pounds. Yes, adding a named driver to your policy might sound a bit awkward to start with, but it does reduce the overall cost a little. Seek their permission, and add an experienced driver with a valid license and a good track record to your policy.

What’s more, paying a higher voluntary excess might bring down your premium, so talk to your insurer and see how paying more excesses could help decrease the price.

Whatever you do, always ensure that the insurance policy covers all your requirements.