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Saving Money on Car Insurance


Like with most types of insurance, the car insurance sector is extremely competitive. There are a lot of providers of this product, but also a lot of different factors that are taken into account to do with age, experience, vehiclee being insured and more besides.

All of the above means that it can be pretty tricky to work out what is a reasonable price to pay for car insurance based on your personal situation, and indeed what sort of factors are taken into account that, if you perform well against the metrics set against those factors, will enable you to save money on your car insurance.

The first key factor to consider is your no claims. We've all heard of a no claims bonus, but generally the length of your no claims discount, the less risk insurers will calculate you are to them. If you've had insurance for twenty years and never made a claim, then this clearly indicates less risk of a claim being made then someone who has had insurance for a year and already has made a claim. Less risk means that generally a bigger discount will be applied to you.

Another thing to consider is the pragmatic fact that the more you buy, generally the more discount you get: the philosophy of buying in bulk essentially. This means that if you buy several products from one insurer, then you may get discounts for having those multiple products - whether it is home insurance or pet insurance, getting more than one product from a supplier usually leads to a discount. So that's something to consider too.

Interestingly the job you do is taken into account with car insurance, so if your job changes be sure to let your insurer know or ensure that they have accurately captured what your current job is.

There are things about your vehicle that are important too - clearly an attractive sports car is going to attract higher insurance than a bog-standard modern vehicle. Things like immobilizers and car alarms can help to keep premimums down, as can locking your car away in a garage each night, as opposed to just parking it on the road outside where you live.

Remember to quote your mileage when you get car insurance quotes - generally the lower the better as there is less risk usually with newer vehicles.

So these are all things to consider when it comes to your car insurance and how to work out how you might be able to save money on it.

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