UK Car Insurance – Three Hidden Ways to Drive Down Car Insurance Premiums
Car insurance providers will offer a low premium if the risk attached to their client is significantly reduced. If you choose to have a voluntary excess for any potential damages and repairs this reduces the financial commitment invested by the provider. Most policies will include a compulsory excess fee but by manually choosing an additional voluntary excess you can keep your overall premium down.
Perhaps a more drastic measure would be to choose a cheaper, more economical vehicle to drive. A car with a smaller, less powerful engine will be less of a risk to insurers and it will also be cheaper to run in terms of petrol/diesel. Some car manufacturers spare/replacement parts are easier to find and purchase than others. Take this into account when purchasing a new or second-hand vehicle.
There is a high correlation between your predicted annual mileage and the cost of a car insurance premium. If you work locally or merely use your car for shopping and the school run then it would be prudent to select a relatively small annual mileage allowing you to fall into a lower category for reduced UK car insurance.
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