Use the Correct Job Title
Professionals always get the best deals on car insurance. Insurers consider them to be less of a risk. If you use insurance comparison websites, you will find that by simply changing your job title you can get a better rate. There is nothing illegal about this because you can have multiple titles that apply to the same job.
For example, a chef will get a better quote than someone who happens to be just a member of the kitchen staff. They may have the same duties, yet this subtle change can make a big difference.
The same goes for those who are unemployed. If you are unemployed, you can expect to pay more. But if you are a full-time parent you can expect to pay less. Try it out yourself.
Add an Experienced Driver to Your Policy
Failing to reveal the primary driver of your car is a crime. Adding a secondary driver to the car is perfectly legal, though. By adding a more experienced driver as a secondary driver, you can save money on your car insurance. As long as the other person has a clean driving record, you can save a few pounds.
Never Take Out Insurance Late
Do you need a new insurance policy right now?
If that is the case, you have already missed out on the chance of getting a significant discount. By waiting until the last possible moment, you are putting the power in the hands of the insurers. They can charge whatever they like because they know that you need the policy right now.
You can easily save £200 by renewing your policy three weeks or more before the expiry date. Studies have also found that younger drivers can make even bigger savings by committing well in advance of the expiry date.
But this does not mean that you should automatically accept the first deal that comes along. By being loyal and automatically renewing your policy, you can expect to lose out on at least £100 every single year.
Get Your Cash Back
Did you know that comparison websites are not always in your corner.
If you renew through a comparison website, you will have to pay more because the comparison site receives a referral fee from the insurer. Astute buyers can get this money from themselves. By using cashback websites, you can make money through them. The deal will be the same as the deal you found on the price comparison site.
Remember, price comparison websites are just reporting the facts. They are not websites for exclusive deals
Pay the Money Now
Insurers will charge interest on your payments when you try to spread the cost over the course of a year. They want the money now because it gives them peace of mind, and they are willing to pay you for it. Sites like Moneysupermarket have found that this can translate to at least £50 if you pay now.
Cut the Added Extras and Up Your Excess
Most people will take one look at their insurance policy and never read the small print. Few people have any idea as to what is included in their quotes. Do you have breakdown cover? What about windscreen cover? Is your car covered against theft?
Every added extra you have will add something to your premium. There is little point in adding cover for driving abroad if you never drive abroad. Do not count on the insurer to tell you anything about these added extras. They are perfectly happy to leave you stranded in the dark.
Once you have removed any added extras you have no use for, think about your excess.
Your excess is the amount you will contribute towards the policy when making a claim. For example, if you are due a £5,000 payment in the event of an accident a £1,000 excess will mean you only receive £4,000 because you effectively paid £1,000 towards the costs.
A higher excess will always mean lower premiums. Careful drivers can shoulder this risk, and they will earn far more back in the form of lower premiums than they paid by upping their excess.
These insider tips are there to be taken advantage of. When the time comes for you to renew your policy, see how much of a difference you can make to your quote.