Car
insurance

How to reduce your insurance premium

Cut your premium with some smart thinking .

It's a legal requirement to have car insurance - not only does it protect you in the event of an accident, damage or theft, you can't tax your car without it! However, it doesn't mean you should be paying over the odds.

There are many ways to lower your motor insurance premium - follow our Top Tips to find out how!

Arranging your car insurance policy

DO value your car correctly.
- An overvaluation may mean a higher premium.
DO declare your job correctly as what you do can make a big difference.
- Make sure it's your main job if you have two or more.
DO estimate your annual mileage accurately.
- An unrealistic estimate may invalidate your policy.
DO keep named drivers to a minimum.
- The more you nominate, the more you'll pay.
DO increase your voluntary car insurance excess - but only if you you can afford to.
- This is the portion you pay in the event of a claim.
- The higher your excess, the lower the premium.
- Don't overstretch yourself - make sure you can pay any excess.
DO get your no claims discount status right.
- The higher your NCD, the lower your premium.
- Remember that an insurer will often ask for proof of your NCD status.
DO attempt to get advanced driving qualifications if you can.
- For instance, an advanced driving test with the Institute of Advanced Motorists.
- Extra qualifications may reduce your premium.
DO make sure you have good security systems fitted to your car.
- Many car insurance companies insist on Thatcham-approved alarms.
- Make sure you have an engine immobiliser.
- Think about barrier security - an after-market steering wheel or gearstick lock.
- Thorough security may reduce your premium - and help keep your car safe.
DO try and avoid using your car for commuting.
- A lower annual mileage may reduce your premium.
DO pay your premium annually rather then monthly if you can afford to
- You'll save some money on the administration charge.
DO declare your details and driving history honestly.
- This will stop you being hammered on your premium or even blacklisted.

Buying and driving your car

DO buy a smaller vehicle in a lower car insurance group.
DO park off the street or in a garage if you can.
DO drive carefully.
- Build up your non claims discount (NCD) to lower your premium.
- Watch your speed and avoid tickets/endorsements.
DO sign-up for a government-backed Pass Plus course if you're a new driver.
- Take it within 12 months of passing your test and lower your premium.
- Ideal for student car insurance too.
DO check with your car insurance company if you buy an imported car.
- They will need to know in order to have an accurate record of your car specifications.
DON'T modify the engine or bodywork.
- More power or greater theft appeal can push up your premium.