How to get cheaper insurance on my car
When you are looking to lease a new car, there are lots of factors to take into consideration. One very important thing to arrange is insurance for your vehicle. The problem many people come across though is that car insurance is often quite expensive. Latest industry figures, for example, show that £815 is the average price now for a comprehensive policy! In light of this, many people are always keen to get great tips on cheaper car insurance. The truth is that how much your cover costs all comes down to your own personal circumstances. But just how do you go about getting a better deal with this in mind?
Think about the car you lease
The car you drive is certainly one variable that will impact how much your insurance costs. How much the car is worth, how big the engine is and what manufacturer it is from will all go into this. A good general rule is to remember that the smaller the vehicle is, the less you should pay. If you want to drive down your insurance cost, it therefore makes sense to look for a smaller car from a less luxurious manufacturer with a reduced engine size.
Security is key
Another awesome tip to help pay less for car insurance is to make your car more secure. This is looked on favourably by insurers as it makes your vehicle harder to steal and less of a target. If your new car was made after 1997, it will most probably come with something like an alarm or immobiliser already. Even in these cases though, you may want to add other devices like trackers to help bring your annual cost down.
Owner details and who drives it
You will notice that any quote for car insurance is higher if the registered keeper and owner are two different people. This might seem like an uncommon situation but it is actually not. If you own the car but your children drive it for example, this will bump the cost of annual cover up. The same is true for anyone who drives a company car that has been leased for them. To help bring costs down, try to ensure the owner and keeper are the same person.
Think about how you use it
It really is worth telling insurers how you plan to use any car you lease. This is because it can have an impact on not only the cost but also accident cover itself. If you have told them you only drive it for social use but crash on the way back from a work's meeting, they may not pay out. Business use will add extra onto any cover though so only go this route if you have too.
Select the sort of cover carefully
When it comes to car insurance, there are three main types you could go for. These are: - third-party - third-party, fire and theft - comprehensive In simple terms, third-party only covers you from claims from someone else after an accident while adding fire and theft on will cover you against that as well. If you go comprehensive, then you are covered for fire, theft, third-party claims and accident repair costs. Naturally, you can usually save money by choosing the more basic third-party style options. Many people assume that third-party type covers are always cheaper than comprehensive though but this is not true in every case. You might get cheaper car insurance by simply looking at all options and choosing the one which fits your needs but has the lowest price.
Fabulous tips for cheaper car insurance
As the above shows, there are some great tips you can think about when trying to bring down the cost of insuring any car. If you also keep your driving licence clean with no points on it, this will help a lot too.
