There are a number of steps you can take to reduce your car insurance premium. Here are just a few:
- Shop Around. Get quotes from a number of insurance companies to make sure you are getting a competitive quote. If you get your quote from Campion Insurance we will do this automatically for you!
- Get Insurance quotes before you buy your car. If you are looking at a number of different cars then call Campion Insurance and we will give you a quote for each car. You can then see if any of the cars are too expensive for you to comfortably insure.
- Choosing your level of cover. The minimum level of cover that you are legally required to take out in order to drive on the roads is Third Party. This covers you for causing damage to another person’s vehicle in the event of an accident, while also protecting any passengers involved (including yours). However, your car and possessions are not protected, so it is not ideal if you have an expensive car. Third Party was traditionally seen as the cheapest level of insurance on offer, but nowadays this is not always the case and you may be surprised to find that higher levels of cover can be very similar in price, and bizarrely in some cases actually cheaper, so get a few quotes before making a decision.
- Choosing the appropriate job title for you. Your job title will affect your insurance premium. This is because insurance companies categorise your risk based on your profession. For example, if more marketing executives make a claim than marketing managers, you may be better to choose the latter as it could reduce the cost of your policy. While it is important to be honest will all aspects of your application, your job might actually fit into more than one of the categories provided. If this is the case, try out a few and see how much you could save.
- Avoid making modifications to your car. In general, the more changes or modifications you make to your car (apart from security modifications e.g. adding a car alarm or immobiliser) the more expensive your Insurance premium will be. Always inform your insurance company (or Campion Insurance if your policy is with us) of any modifications you make to your car as they may invalidate your policy if you don’t tell them and are subsequently involved in an accident.