9.Keep claim free

This ties in neatly with number 8 above. The biggest factor affecting cost of your car insurance premium is how many No Claims Bonus Years you have. Full No Claims Bonus is generally considered by most companies to be five years or more, this can give you huge discounts, in some cases up to 75%. By being a safe driver and avoiding potential claims, you can continually benefit by building up your number of claim free years. Every additional No Claims Bonus year you get, lower your car insurance cost should be. Some companies give you option of paying a bit more on your premium to protect your No Claims Bonus.

10.Be realistic about value of your car

Most of us have an inflated view as to what our car is worth. When asked value of your vehicle during insurance quotation process, people will often state an amount that is unrealistic and above real value of car. People do this as they believe that this is what they will get back from insurance company in event of a claim. The reality is that company will only pay out what car is worth at time of claim and not what you stated for quote. In fact, by giving a high and unrealistic value, you can increase your car insurance premium as this is often a factor affecting your final price.

11.Remove unnecessary named drivers

Additional drivers on your policy usually mean a higher premium. A lot of people add a number of extra drivers on policy just in case that person needs to drive car. However, having all these drivers will push up cost. By only naming drivers on policy that will definitely driver car, you can lower final cost. If you find that an unnamed driver needs to drive vehicle then most companies will allow you to temporarily add a new named driver for a small cost.

12.Improve your car security

Theft of and from your vehicle are important considerations when insurance companies calculate your price. Most companies will give you a discount for having better security of your vehicle. An alarm and immobiliser will usually attract a small discount whilst having a tracker device installed may give you a larger reduction. Some companies may insist on having such devices installed on more expensive and desirable cars before they even consider offering you a price.

13.Take an advanced driving test

Although not compulsory, taking an advanced driving test can not only improve your driving skills but also help to lower your car insurance premium. Some companies look favourably on people who have taken advanced test as it shows commitment to safe driving thus lowering chance of having a motoring accident.

14.Pay your premium in one go

By paying for your car insurance all in one go, you can avoid paying additional interest charges that would be added on if you opted to pay by instalments. The interest charges can be quite significant, so if your finances allow, you can save a good amount of money by paying for whole lot up front. In some cases, companies may even give you a small discount for doing this.

15.Get married

Okay so this may seem like a dramatic final way to lower your premium. However, a number of insurance companies offer lower premiums when your named drivers are insured and spouse as opposed to two unmarried drivers. Some companies believe that this shows an element of stability which is a hallmark of safer drivers and give you a discount on this basis.

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