Lower Car Insurance Quotes

Note: Lower car insurance quotes can be achieved in many different ways. The idea is simple, anything that you can do to reduce the chance of your insurer having to pay out should encourage them to lower their quote.

Car Insurance - Honesty Pays

Don’t hide or even fail to disclose any accidents or convictions to your insurance company. Insurance is based on the principle of the utmost faith, so anything that you should have told them but didn’t could invalidate your policy when you need it most.

BUT having said that, the disclosure period can vary from insurer to insurer. Some ask for details that go 5 years back, while others may only require your driving history over the last 3 years. So, if you had an ‘incident’ (perhaps 4 years ago) that could raise your premium, look around for a company that only needs your driving history over the past 3 years, so that the incident will be conveniently excluded.

Caution, you must give an honest answer to any direct questions that you’re asked on the proposal form. If no time limit is specified then you must disclose EVERYTHING that could have a bearing on the size of the premium.

For the same reason, don’t lie or even bend the truth about who drives the car most, or the address where you live and keep your car. If an insurance provider is potentially liable to pay out millions of dollars on your behalf, and there is even the slightest chance of them avoiding such a large expense, they will find out if you’ve lied to them.

They have teams of private investigators and barristers who do nothing else but try to get them out of paying large claims! How much will your lower car insurance quotes have saved if you need to make a large claim and your policy is declared invalid?

Use a specialist insurance company

Ask if the insurance company specialises in the type of cover that you require. If they’re hesitant it’s likely that they don’t, and are more than likely to load your premium for the privilege of such cover. If you have a specialist car (e.g. performance, classic etc.) try a specialist insurance company.

Consider running a classic car

If your car is more than 20 or 30 years old and deemed to be a classic, it might be eligible for a classic (or cherished) insurance policy. These are often substantially cheaper than normal insurance policies, because it’s assumed that you’ll treat your car with much more respect.

But different companies each have a different idea of what constitutes ‘cherished’, so a refusal of cover by one company doesn’t mean that your car is ineligible for this type of cover. These policies usually have a low annual mileage limit, require the car to be garaged at night and may require an engineer’s report if the car has been restored.

Some car clubs and motoring groups offer discounted insurance schemes for their members. Their bulk bargaining power can force premiums down.

Improve your security

Taking extra security measures will help reduce your insurance premium. If you garage your car at night, tell your insurance company and you could save up to 10%. But beware of insuring your car on this basis. If your car is not generally kept in a garage at night a subsequent insurance claim could be rejected.

Choose a car that is equipped with modern security technology (such as an advanced alarm or tracker system), or fit these items to your current car. But before you do, check two things. First, check that these products are approved by your insurance company. Second, make sure that your insurer will take these extra measures into account when calculating your premium.

Build up your no claims discount

One year of claim free driving can represent a saving of 20%, rising to as much as 75% after five or six years of claim free motoring. Once you’ve built up your NCB, it can often be protected against minor claims. If this is not possible, it may pay to avoid making a claim for any minor accidents.

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