If you own a car, it is your legal obligation to have car insurance. Getting insurance for a reasonable price can be rather difficult. Of course, the safer a driver you have been in the past, the cheaper your insurance will be. Let’s take that factor out of the equation and look at some of the practical steps you can take to make your insurance cheaper without any experience on the road at all.
Keep Your Car Somewhere Safe
As a rule of thumb, the less likely your car is to get damaged, the cheaper your insurance will be. Insurers ask where you keep your car when you ask for a quote because they want to know how dangerous it will be for your precious automobile. Modern price comparison websites use an algorithm to check your address against a database. Storing your car in a garage, on a drive-way, or in a locked parking lot can seriously reduce the price of your insurance.
If you don’t have a garage to hand, there is another slightly less convenient way of bringing your insurance costs down. If you park your car a few streets away in a permanent rented parking space, you might be able to get cheaper quotes. Find out where the nearest parking spaces for hire are around your area. Request insurance quotes from each of the spaces. You might find that one of them is considered to be a far safer area than the one you currently park your car in. Always use incognito mode or disable cookies when doing this, as some websites will artificially hike prices if they see you repeatedly searching.
Don’t Drive as Often
The more you drive, the more likely you are to get into a crash on the road. So goes the logic used by car insurance companies when they – or more likely an algorithm in their employ – work out how much to charge you. Don’t just type in a random number when a car insurance website asks you what your yearly mileage is. Instead, take the time to work out what your average mileage actually is. You might be surprised by how low it is. The lower the number you type into the insurance company’s form, the cheaper your insurance will be.
You can engineer this outcome by simply driving less. It is good for the environment, good for your car, and good for your wallet.
Go for Higher Excess Charges
An excess charge is an upfront cost that you’ll have to pay yourself if your car is damaged. Let’s say you had an excess of 200 dollars set up. If you got into a crash, you would pay the first 200 dollars of any repair. If the repairs cost more than that, then your insurance company will payout.
The higher you excess, the cheaper your insurance will likely be. If you don’t anticipate needing to claim on insurance very much, then choosing a high excess can be a good way of cutting down costs.