If you are looking to buy a new car, one of the biggest associated expenses is car insurance. Sure, you might shop around, but are you really getting the best deal? Are you really saving money?
Carhoots.com has put together their top twenty tips for getting the best car insurance quote, and they have shared the top five of those tips here at TheCarExpert.co.uk. It is a simple but powerful guide to covering all the areas that will save you money on your next car insurance quote. It also has links to some useful resources around the web to help you along the way.
1) Do not auto-renew your insurance
Why? Well it’s simple and quite surprising. Car insurance companies have been known to save their cheapest rates for new customers, which means that as an existing customer, your premium gets increased or you are charged a renewal fee! How crazy is that? There is no such thing as loyalty to the customer when it comes to car insurance.
2) Don’t overestimate your mileage
If you tell your insurance company that you drive more miles than you actually do, your quote will be more expensive as the insurance company thinks you are more likely to have an accident the more that you are on the road.
It makes perfect sense so it is worth working out exactly the amount of miles you drive so that you can save a little money. Carhoots point you in the direction of a couple of cool tools to help out work this out.
3) Buy your insurance online
If you still aren’t buying things online, you really need to start doing so. It is 2013 after all, and it could potentially save you a lot of money. Car insurance companies use automated services, which are cheaper for them to run. That means it is cheaper for you.
4) Choose your car with care
You would be surprised at how many people buy a car and not really take into consideration the additional cost of buying car insurance. Take our advice… check your cars insurance rates/group. If your car is in a high group, guess what? You pay more money. So you might find a dirt cheap Ferrari that you can afford to buy, and then find that you can’t afford to insure it.
5) Pay your car insurance annually
This is a big one. If you follow all of Carhoots’ advice, you will have found cheaper car insurance that you would have otherwise. Now with this step you can make it even cheaper. Pay your premium in one lump sum if you have the money there to do so. Most insurers charge you a significant additional amount to pay your car insurance in monthly instalments, so you can potentially save a great deal if you are able to pay it one annual hit.
For the complete list of twenty tips for saving money on your car insurance, click here to visit Carhoots.
And here’s a couple of the more expensive cars to insure on the road…
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