Keeping your motor insurance costs down in five easy steps

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Keeping your motor insurance costs down in five easy steps

Posted On : Jul-09-2009 | seen (878) times | Article Word Count : 432 |

One of the most expensive aspects of vehicle ownership is the cost of insurance.

One of the most expensive aspects of vehicle ownership is the cost of insurance. There is no getting around this, as it is illegal to drive without insurance, but there are a few things that you can do to keep your insurance premium in check.

Due to the fact that smaller, less powerful, and less valuable cars present less of a financial risk to the insurance company than large, flashy, powerful ones, they tend to be cheaper to insure as well. Insurance companies use a generic ratings scale that goes from one for small, cheap cars to twenty for large, powerful, or flashy cars. It is important to bear this in mind when buying a car, as the insurance can sometimes end up costing more than the vehicle itself over the course of a few years.

1. Listing several drivers on your insurance policy can end up costing you a fortune, but if anyone else is going to be using your car, then you will have to have them covered by your insurance.

2. Furthermore, some insurance providers allow you to insure extra drivers for limited periods of time for a reasonable fee, so if other people need to use your car occasionally, it might be cheaper to do this than list them on your main policy.

3. The percentage amount of any claim that you have to pay yourself is known as the excess. By agreeing to pay a higher excess on any claims that you make, you can drive the cost of your premium down, but if you cannot afford the amount in question, you will not be able to claim at all, so it is wise to bear this in mind before you commit.

4. The most effective way of bringing down your insurance premium is to build up a substantial no claims bonus. However, if you claim on your policy, then you will lose this bonus, so it may be worth your while financially paying for smaller repairs and the like out of your own pocket.

5. Shop around. While it is important to make sure that you go with a reputable insurance firm for obvious reasons, you do not want to be paying more than you have to.

By far the best way to get the cheapest deal on your car insurance is to hunt around online for the best deals, as not only can you get instant quotes from a number of different companies this way, but you may also be entitled to special discounts for buying online.

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<h1>Keeping your motor insurance costs down in five easy steps </h1> Author: <a href='http://www.articleseen.com/profile_Foster Carr.aspx'>Foster Carr</a> One of the most expensive aspects of vehicle ownership is the cost of insurance. There is no getting around this, as it is illegal to drive without insurance, but there are a few things that you can do to keep your insurance premium in check.

Due to the fact that smaller, less powerful, and less valuable cars present less of a financial risk to the insurance company than large, flashy, powerful ones, they tend to be cheaper to insure as well. Insurance companies use a generic ratings scale that goes from one for small, cheap cars to twenty for large, powerful, or flashy cars. It is important to bear this in mind when buying a car, as the insurance can sometimes end up costing more than the vehicle itself over the course of a few years.

1. Listing several drivers on your insurance policy can end up costing you a fortune, but if anyone else is going to be using your car, then you will have to have them covered by your insurance.

2. Furthermore, some insurance providers allow you to insure extra drivers for limited periods of time for a reasonable fee, so if other people need to use your car occasionally, it might be cheaper to do this than list them on your main policy.

3. The percentage amount of any claim that you have to pay yourself is known as the excess. By agreeing to pay a higher excess on any claims that you make, you can drive the cost of your premium down, but if you cannot afford the amount in question, you will not be able to claim at all, so it is wise to bear this in mind before you commit.

4. The most effective way of bringing down your insurance premium is to build up a substantial no claims bonus. However, if you claim on your policy, then you will lose this bonus, so it may be worth your while financially paying for smaller repairs and the like out of your own pocket.

5. Shop around. While it is important to make sure that you go with a reputable insurance firm for obvious reasons, you do not want to be paying more than you have to.

By far the best way to get the cheapest deal on your car insurance is to hunt around online for the best deals, as not only can you get instant quotes from a number of different companies this way, but you may also be entitled to special discounts for buying online. About the Author: 
Kwik Fit Insurance offer excellent value <a rel="nofollow" href="http://www.kwik-fitinsurance.com/">car insurance</a> on premium models such as Lexus, BMW and Mercedes.

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Kwik Fit Insurance offer excellent value car insurance on premium models such as Lexus, BMW and Mercedes.

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Category : Finance : Insurance

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