How to Get Lower Motor Insurance Quotes
The cost of motor insurance can often seem prohibitively expensive. However, there are things that you can do to make sure you get the cheapest motor insurance quote possible. It’s always worth spending a little time comparing your renewal quotation with quotations from other companies and also ensuring that you are not paying for cover that you don't need. That way you can save money on car insurance and make sure you're not paying over the odds.
Compare your renewal quotation with prices offered by online brokers as well as directly with insurance companies. That way you get a good idea of the current standard rate for your vehicle and circumstances. Make sure you compare like for like quotations. For example, if you always take out breakdown cover as an optional extra on your policy, make sure that other quotations include this cover at the level you need. If you are paying a separate company for breakdown cover, find out how much it is with companies that offer it as an optional extra. It can often work out cheaper to get this included along with your insurance.
It is a good idea each year to re-evaluate what you need from your car insurance provider. When looking over last year’s policy schedule, you may find that you had drivers on the policy that won’t need to drive your car this coming year. A youngster may have moved away to college, or perhaps a member of the family has bought their own car and doesn't need to drive your vehicle any longer. Maybe you no longer need cover for business use. Whatever your change in circumstances, let your current insurance provider know. Ask them for a new quotation that takes into account your different situation. Base all new quotations on these current details also. You will then start to get a good idea of the lowest premium you need to pay.
You may get cheaper car insurance quotations from other companies, but would rather stay with your present insurance provider. You may have found their service good, or simply don't want the hassle of switching. Give your current insurer a call and ask them if they will match the price from a cheaper company. Sometimes they may lower the renewal premium to keep you as a customer. Policies that are only kept for one year don’t always make the company much money due to administration costs. Sometimes it's in your current insurer’s interest to offer you a cheaper renewal premium to keep you as a customer. It usually only takes a quick phone call to ask.
Auto insurance companies offer different perks with their products so, before switching your insurance company, make sure you are happy with the service they offer. For example, some companies may give you a courtesy car if your vehicle is off the road after an accident. This might be essential if you need to drive to work every day. If so, make sure the company you go with offers this.
Another important thing to compare is the standard excess you will pay if you make a claim. Switching to a slightly cheaper insurance company might not make sense if you have to pay out more when making a claim. On the other hand, sometimes you can cut the premium by adding an extra voluntary excess. If you feel you are a safe driver and unlikely to claim, this could be a better option for you.
Overall, it is always wise to compare as many quotations as possible if you want to save money on car insurance. Also, think of ways you can lower the premium by not paying for services that you don’t need. It is, however, essential to tell each insurance company full details about any relevant claims and convictions for each driver on the policy. Otherwise your insurance might be invalid if you do need to make a claim.