Cheap Car Insurance - get the best car insurance premiums with discounts

All car insurance companies offer discounts of some sort. Knowing what these are up front can help to save you even more money so you too can obtain cheap car insurance. But don't forget - as with everything, the best car insurance is not always the cheapest!

Please read the disclaimer at the bottom of this page.

Here are some things to explore with your insurance company or agent:

No Claim Bonus

Your no claim bonus is the insurance provider's best evidence that you are a safe driver and therefore a lower risk. Most insurers reward their customers who qualify for a no claim bonus with a discount on their insurance premiums. Some insurers even go so far as to offer you 'insurance' on your no claim bonus as a means of protecting future premiums if you do happen to have an accident. This protection comes in the form of a slightly higher premium. Other insurers, such as AAMI promise their customers who have qualified for a maximum no claim bonus that they will maintain it for life, even if they make a claim.

Optional Excess

An optional excess is an amount you agree to pay over and above the usual excess amount in the event of an accident. This reduces your insurance premiums. Maybe not something you would choose if you are particularly accident prone but a good option for safe drivers to save money.

Multiple Vehicle Car Insurance Policy

A multiple vehicle insurance policy can provide significant savings for households with more than one vehicle. All vehicles and drivers registered at the same address can be added to one policy rather than take out separate insurance. This is a particularly attractive option for younger drivers living at home, who are hit the hardest when it comes to car insurance premiums because they are considered to be the greatest risk. This includes motorcycle insurance, as well as other forms of transport.

Car Alarm/Immobiliser

A lot of cars these days come fitted with an alarm and/or immobiliser. As this reduces the risk of theft, you can usually get a discount on your car insurance premiums if you have one or both - probably not a big enough reduction though, to warrant installing one if you don't already have one.

Low Vehicle Kilometres

With petrol prices skyrocketing, you may have already ditched the car in favour of public transport to get to work. Some insurers offer further discounts for cars with low mileage (usually around 10,000km per annum), so it's worth checking to see if this applies to you.

Fuel Efficient Vehicles

In recognition of global warming, some insurance companies want to be seen to be good environmental citizens and are rewarding customers who drive fuel efficient vehicles with additional discounts. To see if your vehicle qualifies for cheap car insurance, you would need to visit their respective websites.

Restricting Drivers

Many insurers offer a discount for restricting the number of people who will be driving your car, usually to two nominated drivers over the age of 25.

Insurance Company Retention Discount

Once insurance companies get your business, they naturally want to keep it. They want you to feel like they're looking after you and so offer a further incentive to stick with them through a loyalty discount. This sounds nice, but remember, your mission is to be loyal to yourself first and foremost. If there aren't many other incentives on offer look elsewhere for a better insurance deal.

Annual Payment

If you're like most people, planning for a big annual lump sum payment can pose a bit of a problem. But for those of you who were born organised, insurance companies are willing to reward you with a discount for paying your premiums annually. For the rest of us, there are more and more insurers who won't penalise you for paying your car insurance premiums monthly.

Online Payment

Paying online is not only quick and easy for you, it's a more efficient way of doing business for insurance companies, thereby reducing their costs. Some choose to pass on these savings to their customers by offering a discount for online payments.

Multi Insurance Policy

A multi insurance policy discount may be available when you have existing insurance policies such as home, contents and car with the same insurer.

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Disclaimer

While much care has been taken in compiling this information, the author and owner of this website take no responsibility for it's accuracy. The information is of a general nature only and has been derived from sources believed to be reliable and accurate, as well as personal opinion arrived at after exhaustive research. It is not designed to take the place of professional advice and/or more in depth research.

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The content on this website page has been researched and written by Kylie Ackland - a professional copywriter. None of the content herein may be used in any other website without first seeking and obtaining permission from justweb™ - contact us.

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