Reducing your car insurance premiums

Premium discount

Premium Discount
If you don’t make any claims, the insurance company will reward you with a discount on your premium. Once you obtain a “no claims bonus” avoid losing it. Usually you are allowed to make two claims in a three to five years period without losing the discount. If you have an extensive list of previous claims and/or accident liabilities, you will lose your bonus, and will be charged more to be insured.
Other factors
Know that you will pay less if you are the only one entitled to drive your car. To ensure coverage, you should state in your application if there will be any extra drivers. If so, the insurer might increase your premium. Furthermore, you should also state if you are willing to let anyone drive your car. Decreasing the likelihood of theft by installing a central locking system and alarm, which implies lower risks for your insurer. You will probably get a premium reduction if you follow these and other safety guidelines.