Reducing your car insurance premiums

Think twice

Aside from looking for a low cost car insurance, there are other measures you can take to reduce the premiums you pay. Quotes among insurance companies vary. If you compare different providers you will find better deals. For example, some car insurance premiums can be up to ten per cent less when purchased over the internet.  Usually when you pay your premium in monthly instalments you are subject to variable interest rates. If you pay the annual premium at once, you might save a significant amount.

Policies usually also have compulsory and voluntary excess components. The larger the percentage you pay of your claim, the lower your premiums . To reduce them more, buy in bulk. Some insurers offer packaged policies that can include home, travel, pet or car insurance, among others. Companies offer reduced bundle pricing for such combinations.                                                                      
Think twice about which car to drive
Before buying a car check its insurance group rating. Some cars are considered to be riskier than others. Cars are rated one to twenty; the higher the number the higher the premium. Rating is decided based on influential factors such as the size of the engine, the costs of repair and the car’s likelihood to be stolen. Remember that imported cars are usually more expensive to insure because the cost of their replacement parts is higher. Affordable plain vehicles with modest engines are the cheapest to insure. Mileage can also be very significant. The yearly average insurance mileage is 12,000 miles. Drive your vehicle less than that and your premiums will drop.
Where should you keep your car?
Your insurer will charge you lower premiums if you live in the countryside rather than in the city. Insurance will also be cheaper if you keep your car at a safe covered location (i.e. garage). Insurance companies are aware that many policyholders often  lie about where they keep and drive their cars. If you have a claim and are caught with such a lie, your insurer will not pay a thing. It is better to pay the cost of location rather than the whole claim.
Age and gender play part
Insurance premiums decrease as age increases. According to research there is a noticeable drop  in accidents once drivers become twenty-five. If you lie about your age your insurer will not cover your claim. 
According to statistics, female drivers are less likely to be involved in accidents. If you are a woman you can take advantage and contact a company that specializes in female coverage. You will probably pay reduced premiums.