More help! Save money on insurance!

Tip #1: Reduce your 'deductibles' or increase your 'excess'. Clip out any and all coverage that you may not need. This can be ascertained by looking over the past record of coverage and claims. In case you are a good driver, you can gain by getting a good driver discount as well as by reducing deductibles that you may not need.

In Britain, increasing your excess means increasing the amount you won't need the assurance company to compensate you for. If your excess is £500, and you do £499 worth of damage to your car, you get nothing. Bumping up your excess means you get a lower premium.




Tip #2: Know your car. The type of automobile you drive may attract a higher assurance premium. Certain models and sports automobiles are mostly targeted for stealing and hence the premium to cover them is higher. In case you are opting to buy a car, do a little research on this before you buy.

Tip #3: Since your automobile assurance premium also depends upon your risk profile, it is important to drive safely and carefully. If you have a record of a couple of speeding tickets and 2 accidents in the past year, then this whole exercise is not for you. Cheap car insurance for you is just not possible. However, if you are a safe driver, you can opt for the good driver discounts.

Tip #4: Installing anti-theft and other safety devices on your automobile can get you a good waiver on the premiums. Inform the automobile assurance company about these safety gadgets and they will give you reduced premiums without much ado.

Tip #5: Go through your renewal notice with a fine tooth comb. Reevaluate the policy and list out all coverage that can be eliminated. The situation is a little different from last year, you may not have had any accidents, you could have installed new safety gadgets in your automobile or you were not aware of certain discounts you qualify for. Ask the company to reduce the premium accordingly and you will end up with reduced annual premiums without much fuss.