Most of us are familiar with the common ways of lowering the auto insurance policy. The simplest way is to remove all the extras and optional features that a lot of insurers try to sell that we don’t really need. Moreover, you can also do a comparison among a large number of insurance providers to find the best. However, there are some tips that not everyone is familiar with. Interested? Read on!
One thing that most people are not aware of is their driving history in terms of miles driven. If you can show the insurer of your experience on the road using strong evidence like the pedometer reading in your car, you are bound to get a lower premium. Even if your usage has lowered due to a change in location, proving it to the insurer will ensure the quote is further reduced.
The next thing you can do is take up extra driving lessons. Signing up for the next level of proficiency tests such as the A Pass Plus and passing it will give you a certificate that carries considerable weight in lowering the insurance premium. Granted you will be spending on the lessons but the lower premiums more than make up for it!
Here’s another fun tip! Studies have shown that single customers are known to have higher premiums than married ones.
This doesn’t mean we encourage you to get married for cheaper insurance but you can add optional features such as multi car insurance, which you will need after marriage at a lower price.
Common sense tells you that the more protected your car is, the lower the insurance because there is a lower chance of theft. Installing security systems and alarms on your car and showing it to the insurer will result in a lower quote. Again, it might cost some money like driving lessons but the lower insurance premiums will make up for it in the long run.
Finally, if you take a close look at the premiums, you will find that paying on a monthly basis is more expensive than paying once a year. You can get the best of both if you take a personal loan for paying a onetime premium as the interest will be less than paying on a monthly basis.