You know what it’s like. Your car insurance is due and suddenly you are getting emails, cold calls and letters from insurance companies you probably didn’t even know existed. And, when the renewal letter with your quote arrives if you dare to check out other firms for lower prices you get bombarded further. It’s all down to companies sharing a common database but it’s no wonder many people are letting their cover stand year to year and going for automatic renewals without even trying to discover a cheaper alternative.
Even so, buying car insurance is not difficult. It is a simple process but some people, unknowingly, make blunders and suffer in the long run. Here are some of the best Money Expert's tips for getting the cheapest car insurance quotes; in fact, below are the mistakes you want to avoid to save on car insurance. If you have a bad driving record then see if they can give SR22 car insurance quotes to help reduce your policy costs.
Avoid Hiding Details
Some people try to hide small details like accidental bumps in the past few years when asked about previous accidents or claims. They also provide erroneous details on such things as the availability of secure parking at home and at work or their commute distance and mileage and many other small but relevant details.
Hiding details is not at all beneficial. Instead, it invalidates your cover so you may as well throw your money away. Since everything is already on the record and all companies have access to it, there is just no point.
Be Careful While Opting for Limited Mileage
If your car is not in much use, you can opt for a limited mileage option for that car. This way your premium cost will be reduced. But while opting for limited mileage, you have to be extra careful and check the insurance policy in detail. You also need to accurately calculate the expected mileage for your car and not exceed your limit or you will be uninsured. Better to check previous records on MOT certificates while estimating expected mileage in the next one year.
Opt for Insurance with Extra Covers
If a car insurance provider is giving you extra covers, such as legal expenses or breakdown cover, this option is certainly the better one. Always go for an insurance policy with extra covers that you need or are beneficial for you and be sure to activate them to benefit from them.
Overcome Inertia
If you are so loyal to your insurance provider that you don’t even go out and take quotes from other insurance providers, you are not taking advantage of a highly competitive market. Searching for better options and comparing the benefits of new insurance providers with your existing one makes you more aware of the latest offers. It also helps you make the best deal even with your existing insurance provider at the time of renewal. It is always worth researching online then calling companies in person for a final quote. It often results in lower prices and better benefits. The loyalty myth is actually the inertia that stops you from looking out of the box.
Wisely Select the Type of Car Insurance
There are three different types of car covers that include third party cover and comprehensive cover. The comprehensive cover is an expensive option but gives you full coverage. There are also additional policies such as passenger cover, where you are covered should your passenger get hurt in an accident and you are at fault. It’s handy to have it if you share your car for work. But, you need to weigh these options to determine what works best for you. So, take your time and do your research before you take the plunge.
