The first one is always look for alternative quotes. Don't accept your renewal quote as the best quote; always look to other insurers to beat what you have been offered. This would also apply if you were to be purchasing a new car, don't just accept the premium offered at the dealership.
Second tip is do annual payments. If it is in your means to pay your car insurance premium in a one off payment, this is the most cost effective way. Spreading payments monthly by direct debit will cost you penalties of interest which can boost premiums by as much as 33%. It is wise to try and obtain a 0% credit card to spread the cost if this is your preferred option.
Third tip is being a conscientious driver. To obtain sometimes fantastic discounts, you need to build up you no claims bonus. This can be done by simply not causing any accidents, and not making any claims on your insurance. Your no claims bonus can be transferred from company to company year on year and you could save 75% if you had 5 years no claims. There is also an option offered by most car insurance companies to protect your no claims bonus. This ensures that one minor incident you may have does not negate the years of careful motoring you have had. It is also important to remember that having any kind of endorsements against you will also be of interest to insurance companies, and can up premiums, so never drink and drive, always obey traffic signals, reduce your speed, and don't phone whilst driving.
The forth tip is to choose a less expensive car. Cars that are classed as high performing, and also high powered, will usually be placed in the highest priced premium group, because you will probably be looked upon as to be of a higher level of risk, and also higher cost of any repairs. Low key, small cars will be seen to be less of a risk and should therefore usually be offered a lower premium. Extra costs can also be added onto premiums due to any modifications you have on your car, for example huge spoilers, booming exhausts and body kits, however costs can be reduced by alarming you vehicle and having an immobilizer.
And the last tip is secure parking. Car Insurers will always ask where your vehicle is parked at night. The most favorable place would be a locked garage, but private driveways, or allocated private spaces are also seen to be good. Where you live can also impact on your premium, i.e. your postcode may be deemed to be of a high risk area, this may be due to crime rate figures, or the fact that it is city central. There is little you can do about this unless you move areas.
Finance Professor is a leading UK car insurance website. Its goal is to become #1 website for comparing Liverpool Victoria Car Insurance quotes online.
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