Car Insurance - How can you lower your premiums?

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Car Insurance - How can you lower your premiums?
Many factors influence the premium for your Motor insurance policy. Your insurance company will have asked you many questions whilst producing your quote - some of which will affect your premium and some will not. Below we discuss the key variables in the control of the policyholder.

Consolidating policies

Insuring a number of vehicles with the same insurer, or try to take out home and life insurance through your car insurer, you may be able to secure a 'bulk buy' discount.


A great influence on the cost of your car insurance is where you live. Chances of your car are damaged or stolen insurance company's main concern. More traditional urban areas face a greater risk of theft and therefore tend to be more expensive than rural locations.


By agreeing to pay a greater excess on each claim you can reduce your car insurance premium. This is because you reduce liability insurance and therefore in return they are able to offer lower premiums.

You’re Vehicle

Which is cheaper and slower your vehicle may lower your premium. If you are looking to buy a new vehicle make sure you fully consider the cost of insurance you can buy a car but you can afford to run it?


You can control your insurance premiums by restricting your annual mileage. However, be aware that if you exceed the limited number of miles you'll then become uninsured!


Where you park your vehicle overnight is also very important to the insurance company. If kept in a locked garage, you should offer a lower premium than if you leave it unattended in the street.


Security devices that prevent or hinder theft may also reduce your premium. Common examples include alarms and immobilizers, however, should be aware that as we improve the quality of our security devices the thieves just become better pass them.

No claims discount

Save up your no claims discount by avoiding making small claims on your policy. After a couple of years, 4 or 5 typically, you'll often offered the option to pay an additional small premium to protect your no claims bonus. This can prove very helpful if you are terminated after the accident.

Advanced driving skills

By taking advanced courses you also might be able to reduce your premium driving. Institute for Advanced riders and the Royal Society for the prevention of accidents each offer membership which provides you with discounts on the cost of driving courses and your car insurance premium. Two key variables that are not within the control of the policyholder.

Your sex

Statistics women are less likely to have an accident and, if they do, it is unlikely to be serious. Because of these statistics women benefit from lower premiums. It is also worth noting that if you represent one half of a couple you should consider having men as the primary driver with the male as the second driver.

Your age

The older you are, the less likely you are to file a claim. As a result insurance companies charge lower premiums for more mature drivers.

Final piece of advice

A large percentage of car insurance is now sold on the Internet. That's because it is very convenient and cheap. Many insurers now give a discount of 10% - 15% more if you buy online.