Tips on Reducing your Car Insurance Premium

Nowadays everyone is looking for the best value for their money. The following are some top tips on how you can get cheap car insurance by employing a little ‘know how’.

Tip 1: Secure Parking

 First tip is if you want to reduce the risk of theft, you should park your car in a secure location such as a locked garage. Allianz offers cheaper car insurance for drivers who are extra cautious.

Tip 2: Install Security Devices

Second tip; equip your car with security devices. Electronic central locking, a car alarm,  an immobiliser and a tracking device will not only deter thieves but some insurance companies like Allianz will discount your insurance premium if you have these devices fitted.

Tip 3: Avail of discounts

 Third tip is avail of discounts on offer. Allianz offers a 10% discount for car insurance policies which are purchased online or if you drive an eco-friendly hybrid car. Also they give discounts on new policies if you already have an Allianz policy.

Tip 4 Check car insurance rating

 If you are considering changing your car, before buying one check out its insurance rating and pick the one which is in the lowest group. This will not only make your car insurance cheaper but also your petrol and road tax.

Tip 5 Higher voluntary excess

 My fifth tip is, consider paying a higher voluntary excess. The excess is the first part of any claim that you’ll need to pay before the insurer pays out. So by offering to share some of the risk with the insurer and by paying a higher excess, it’s likely Allianz will reward you with an extra discount.

Tip 6 Evaluate policy extras

Sixth tip is, evaluate the extras you get with your policy. Think…do you really need extra features such as Bonus Protection or Windscreen cover. And be sure to choose your extras carefully as they affect the cost of your premium.

Tip 7 Know the Level of Cover you require

Finally when your policy arrives in the post make sure to read your policy along with the schedule and know what it covers.

Do you realise that there is a difference between bonus protection and step back protection and that this can cause substantial premium differences? Do you know which kind of protection you have? Contact your insurer if you are unsure because the more you know about your policy, the easier the claims process can be.

I hope you will find these tips useful when it comes to buying your car insurance.