Insurance Information

5 Steps To Cheap Car Insurance Premiums


Although car insurance is compulsory, it's not necessary to pay more than you have to. A few simple steps combined with some time surfing for competitive car insurance rates really can save you hundreds.

Step 1 - Cut the Insurer's Risk
The easiest way to cut your car insurance premiums is to reduce the insurer's risk and accept a higher voluntary excess. An insurer's standard excess may be £100 but if you meet the first £250 of any claim, you'll see a reduction in your premium. This is because you're taking on more of the risk so you get a discount. But it's a gamble, be aware that you might have to meet the cost of a broken window after an attempted theft, then a bill for repairing bodywork damage after a car park crunch.

Step 2 - Security
Fitting security devices can also result in cheaper car insurance premiums. All major insurers insist on Thatcham rated security equipment, usually a minimum of an alarm. If you live in a high-risk area for car crime, it makes sense to fit extra security. It saves you money when your insurance renewal is due and gives you extra peace of mind.

Step 3 - Annual Mileage
If your annual mileage is 5,000 miles or less, ask insurer's if they offer discounts for agreed mileage restrictions.

Step 4 - Named Drivers
Adding a named driver to your policy can increase or reduce your premiums depending upon the named drivers age, sex and driving record. Adding a young driver will certainly increase your premiums, particularly with a limited or poor driving record. However, adding a driver over 30 years old with a long and clean driving record can cut premiums, particularly if the named driver is female!

Step 5 - Shop Around
The biggest car insurance savings come from shopping around. This has been made much easier with the explosion of the internet. There can be massive differences between the lowest and highest car insurance quotes for exactly the same car and driver(s). Start off using good comparative online car insurance quote sites like Moneysupermarket and Screentrade, take their best quotes and go direct to the cheapest car insurance companies for more specific quotations.

Copyright © UK Insurance Index http://www.uk-insurance-index.co.uk All rights reserved.

Please feel free to publish this article online provided that the article and this copyright statement remain unchanged with live links.


MORE RESOURCES:

MLive.com

MSU health insurance policy raises ire
Lansing State Journal
Since last fall, Michigan State University has required all newly admitted undergraduates to have health insurance that covers in-patient and out-patient services. Those who don't have insurance and don't obtain it elsewhere are automatically ...
MSU is requiring freshmen to have health insurance or join its planDetroit Free Press

all 5 news articles »


TomTom moves into insurance for drivers
Reuters
Fleet tracking technology is basis for consumer insurance * Drivers get feedback to improve driving, cut premiums * Expects new product offering to grow 10 pct in 3-5 years * To focus growth in European insurance market in 2012 By Roberta Cowan ...
TomTom Announces Ground-Breaking Insurance PartnershipMarketWatch (press release)
TomTom Enters Insurance Telematics Market in the UKGPS Business News

all 9 news articles »


Tampabay.com

Citizens boosted home values to raise insurance premiums, suit says
Tampabay.com
By Toluse Olorunnipa, Times/Herald Tallahassee Bureau TALLAHASSEE — Florida homeowners filed a class-action suit against Citizens Property Insurance Corp. on Tuesday, claiming the state-run insurer is systematically overvaluing properties in order to ...
Spiking insurance rates prompts suit against CitizensSarasota Herald-Tribune
Lawsuit says Citizens Insurance is unfairly inflating premiumsPalm Beach Post
Debates Rage in Tallahassee Over Insurance, Abortion, PrisonsWCTV
Wink News
all 59 news articles »


Chattanooga Times Free Press

Local Catholic leaders oppose birth control insurance requirement
Chattanooga Times Free Press
Supporters of the ruling point out that 28 states already require insurance plans to cover contraception if they cover other prescription drugs, although many states have broader religious exemptions than the new federal one. Tennessee does not have a ...
Midwest Voices | Catholic objections to birth control insurance benefits ...Kansas City Star
Contraception and insuranceChicago Tribune (blog)
Government gets backlash from imposing birth control in health insurance plansWVLA-TV
Orlando Sentinel (blog) -PR Newswire (press release) -eMaxHealth
all 1,376 news articles »


Long-term care insurance: The long and short of it
Chicago Tribune
Little wonder that older Americans are investing in long-term care insurance. Nursing home costs are often cited when arguing in favor of long-term care insurance. "What long-term care insurance really does is give you choice and options," says Jesse ...
Connecticut Long Term Care Insurance Partnership Information Website LaunchedNewsReleaseWire.com (press release)

all 2 news articles »


Farm Futures

Crop insurance's growing value
News & Observer
News reports out of USDA's Risk Management Agency underscore that point all too clearly: With some 15 percent of all crop insurance claims yet to be processed, crop insurance companies have paid out a record $9.1 billion so far in indemnity payments to ...
Record Indemnities Underscore Value of Crop Insurance as Key ToolFarm Futures
Farm bill: 'Safety net' for farmers could be reshaped in 2012California Farm Bureau

all 3 news articles »


County health insurance plan considered
nwitimes.com
VALPARAISO | The head of a Cincinnati-based health care consulting and benefit administration firm said he can save Porter County $4 million a year on its health insurance costs. The claim from Thomas Quigley of ClaimLinx came during a Porter County ...
Porter County Council examines health coverage for employeesPost-Tribune

all 2 news articles »


Officials say flood insurance important
In-Forum
FARGO – Officials say a decision to not renew flood insurance could have costly implications months before new flood-plain maps come out. FARGO – Officials say a decision to not renew flood insurance could have costly implications months before new ...
FEMA: More Facts About the National Flood Insurance Program (pt. 2)7thSpace Interactive (press release)

all 9 news articles »


Brockton City Council defeats health insurance changes
Wicked Local
The vote in the City Council's Finance Committee Monday night was a foregone conclusion about halfway into the two-hour debate on whether or not to adopt the state's municipal health insurance reform law in Brockton. If adopted, it would have given the ...
Brockton poised to be only third community to reject health insurance lawEnterprise News

all 2 news articles »


MF Had $190 Million of Insurance for Corzine, Professionals
BusinessWeek
6 (Bloomberg) -- MF Global Holdings Ltd.'s insurance unit issued $190 million of liability policies for Jon Corzine and other professionals through May to cover costs of defending against allegations of wrongdoing, according to a court filing.
Customers seek access to MF Global insurance sumsChicago Tribune

all 19 news articles »

Google News

home | site map | contact | Partners
© 2006 - insurance-information.cliczoom.com