Whilst everyone’s prices are rising at the minute, there are plenty of ways you can try to keep your insurance costs down. We’ve put together a handy list of tips and advice which may help you reduce your premiums;
- Paying annually can save you more over the year than paying by Direct Debit. As interest is added on to your premium when you pay by Direct Debit, this means over a 12 month period, you will pay more than paying a lump sum.
- Reducing your risk factors. The insurers we work with at Swinton must take into account any risks that come with providing insurance cover, for example, the likelihood of your vehicle being stolen depending where it is kept overnight. Therefore, if you keep your vehicle in a garage overnight, or fit it with a tracking device, your risk factors are likely to be reduced and your premiums should then decrease as a result.
- Building your no claims bonus. Each year you don’t claim on your insurance, you can earn a discount on your premiums.
- Providing you can afford it in the event of an accident occurring, consider increasing your voluntary excess when purchasing or renewing your policy. Make sure if you do this you consider the combined cost of any compulsory and voluntary excesses as these are added together at the point of a claim.
- Ensure you have the right cover you need, and you aren’t paying for a higher level of cover that you won’t use. This can include any optional extras you may have added when purchasing your cover.