Save hundreds on your car insurance: Ten ways to cut down the price of your policy today

Drivers can save hundreds of pounds a year on their car insurance by switching provider, yet most stay on the same policy and pay far more than they should.

Instead of shopping around for the best premium, many simply accept their insurer’s renewal quote, which is likely to be much higher.

Comparing car insurance prices via comparison sites is easy, and most can find the best price in less than five minutes.

Customers are also able to compare the quality of the policies offered, and see whether they represent a better deal than their current provider.

Motorists are encouraged to shop around for their car insurance to see if they could save

Motorists are encouraged to shop around for their car insurance to see if they could save

It is relatively simple to switch to another insurer that may be offering incentives for new customers or a better service.

Comparing prices will also give users the information they need to negotiate with their existing insurer, if they decide to stay put.

Getting a quote is easy using price comparison websites including This is Money’s partner Compare The Market. 

But switching isn’t the only way to help reduce your car insurance costs. Follow our ten steps and see if you could lower your premiums now.

1. Shop around for the best policy

This is the number one way to save on car insurance. Drivers can make savings of hundreds of pounds if they shop around when renewing their cover.

An online comparison service, such as This is Money’s partner Compare the Market can do the hard work for you. Put in your details and check the prices that come up. You can alter the excess that you are willing to pay and the mileage you will drive, and get new quotes. 

However, motorists are urged to ensure they are comparing like-for-like. 

Some policies may seem cheaper on the surface, but on closer inspection they might not offer the same level of cover when you have to make a claim.

It is also important to check the insurers that don’t feature on comparison sites, such as Direct Line.

If you’ve been happy with the cover your existing provider has given until now, but are unhappy with their renewal quote, let them know the best offer you have received from a rival insurer and ask them to at least match it.  

Customers should also be aware that insurers will try to include administration fees for changes to a policy mid-term. This fee, usually between £25 and £50, will be added if you change a vehicle or your home address.

However, you can ask for the fee to be waived if it is a minor adaptation, such as changing from a regular number plate to a personalised registration number.

Comparing prices will give drivers the best price to negotiate with their existing insurer

Comparing prices will give drivers the best price to negotiate with their existing insurer

How to save on your premiums 

Drivers are encouraged to compare car insurance prices to see if they could save by switching provider. 

They could also use quotes to negotiate with their current insurer.  



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