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Cheap Car Insurance Hacks Uk – If you’re like me, cheap insurance can be a problem. Endless offers and fierce negotiations with various suppliers for only small discounts. If you want a quick and easy way to lower your car insurance by 20-50%, you’ve come to the right place! Even better, these steps only take 10-20 minutes and you don’t have to negotiate with anyone!
I haven’t used the car in over a month. The car has driven about 20 meters in the last 28 days and another 20 meters has cost me £110 for the pleasure. This is one of my biggest monthly bills (after rent) and I’m not alone. MoneySuperMarket reports that the average cost of car insurance between March and May 2016 was £470, but Confused.com says it rose to £827 in the last quarter of 2017.
Cheap Car Insurance Hacks Uk
There are many insurance comparison sites that basically advise you to move or change your car if you want to get cheaper car insurance.
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Great, thanks guys! I won’t be moving or changing cars, but if you’re interested in knowing what factors affect your price the most, look here.
I’ll use a case study to show you how it works. Case study is me! This is my starting point on the price comparison site Confused.com. This is a full quote for my 2002 BMW 330ci. I am 22 years old and have not had a premium for 2 years. Some of you may cringe at the price, but for me it’s actually not bad (my last extension was over £1100… ugh!).
The first tip here is to let go of the idea that comprehensive is the most expensive. You should try all options; Comprehensive, third party fire and theft and third party only. Insurance companies say they assume that if you only go to a third party, you are not taking care of your car and are charging more. But these days, even third-party fire and theft can be a more expensive option than comprehensive.
For this company you see that a third party fire and theft quote has suddenly added £572. It is also worth noting that some companies disappear from the TPF&T list.
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But the cheapest for me is third party fire and theft, which is where we come to our next piece of advice.
A “black box” is a small computer built into your car that measures how you drive and relays that information to your insurance company.
A typical black box is similar in size to a smartphone, it should be installed usually under the dashboard and contains three main components:
Box tracking starts when you start the car and ends when you turn on the ignition. It analyzes a number of measurements based on how you drive, such as average speed, time spent driving, acceleration and deceleration and cornering speed.
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As you can see, there is a quote from the black box (listed in the yellow panel at the bottom). It was the cheapest so far. But if you’re like me and against the idea of a black box, don’t worry. This quote is still worth noting. If you click on the ‘more info’ button and then go to the insurer’s website, you can uncheck the black box and the price will be listed.
This recalculated offer is still £40 cheaper than my original offer and didn’t appear on the comparison site. Sure, black box insurance will save you nearly £200, but it goes to show that if you skip black box quotes from the start, you’ll miss out on cheaper options.
But wait…now follow the black box quote tips. We’re not done saving, and if your cheapest price is from the black box at the end of the process, you can delete it.
Simply put, your cache is information that your browser stores so that it can load the websites you use frequently. Clearing your cache or using Google’s incognito mode essentially gives you a chance to browse with a clean slate.
Cheap Insurance Hack
When you search for insurance information online, some small files are stored in your computer’s browser that will be available to the insurer when you return later. With this information, the insurer knows that you have expressed interest in their insurance in the past and can use this knowledge to make a higher offer.
Or clear the cache between visits to the insurance site. In this way, you can browse the Internet without saving cookies on your computer, so the websites you visit will not identify you as a frequent visitor.
I went incognito, created a new account on confused.com and unfortunately my same price is now £27 cheaper! Saving money on something as small and simple as this is a really big win. I didn’t have to lie, or be ashamed, or even change. I just spent 2 extra minutes and saved almost £30.
This is great and really caught me off guard. Just moving the insurance start date forward 2 weeks (instead of today) cost a hundred and twenty pounds! And it was only £6 more if I had done it just a week in advance.
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Essentially, if you make a same-day starting quote, insurance companies know you’re desperate and will take advantage of that. Get an offer a little further into the future and you could potentially save a fortune.
Another way to get cheaper car insurance is to check your mileage. It surprised me when I first tried it, but it works.
If most of your driving is to and from work, you can calculate how many miles you have, double that for the round trip, and multiply by the number of days you work in a year.
Limiting your mileage can be an effective way to lower your insurance premiums. Again, don’t lie, this is relatively easy to check.
Young Driver Hacks
If you set your mileage at 1,000 or 2,000 miles a year, you’re actually paying more. Insurance companies see you as a higher risk because you don’t gain experience that way.
Obviously you shouldn’t put it less than the number of miles you’ve actually driven, but more than 12,000 miles will be quite expensive, although around 5,000 miles seems like a happy point. This means you don’t have to worry about the number of miles you’ve driven on your vehicle. vin-vin!
It may sound strange, but an additional rider (called a rider) on your policy can significantly reduce the price of your car insurance.
A named driver is someone who is insured to drive your car, even if you do most of the driving yourself. When you drive a car, the invited driver will have the same level as you.
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Don’t make them primary drivers if they aren’t, but add them as named drivers and see if they offer you a cheaper price. The insurer usually wants to know the name, age, marital status, address and access of any additional drivers. You will also need to provide information about any accidents or criminal records for driving your designated driver. You can add one or more drivers to your existing car insurance or provide details when you take out new insurance.
By adding additional drivers, the insurance company is essentially seeing the total risk. So, depending on the driver you add, it can lower the price. Fortunately for me, my father is quite old and has been driving longer than most people have been alive. Adding this to my policy reduced the premium by another £65.
To test the theory further, I decided to add another driver to the policy to see how it affected it. I decided to add my dad’s partner, a 57-year-old woman, again with a driver’s license older than mine.
I tried adding a third driver before and it failed, but this time it worked. This brings the price down by another £40.
Insurance Hacker Guide
Shopping around is a simple but effective way to get cheaper car insurance, as insurance companies rarely offer their best deals to existing customers.
Compare car insurance quotes with price comparison websites to see if you can save money by switching insurers.
Just remember to compare like-for-like cover, with voluntary exclusions set at the same level and including any extras you’d normally add.
You may have noticed that I quoted confused.com in all of this. Even so, it’s a good idea to use each site for comparison, not just the one you like best. Although they use the same insurers, they ask different questions with different parameters and sometimes have exclusive deals. This may result in a different price. As you can see here:
Car Cheats Uk
Compare and contrast it was £2.24 cheaper on the market. MoneySupermarket saved me £11.20. A small amount, but in my eyes still worth the extra 5 minutes of time.
They will pay for the whole year in advance
