Finding cheaper car insurance without cutting corners

Finding cheap car insurance has always been the Holy Grail for motorists, and with insurers cracking down on fraud it’s more important than ever to make sure you don’t fall foul of the law.

The message from insurance companies is clear; they will not tolerate inflated claims, dishonest claim forms or ‘forgetful’ drivers leaving crucial details off application forms.

Many insurers have teams of lawyers and investigators poring over claims and policies looking at ways to avoid a pay-out.

At the same time, car insurance costs are rising to record levels and look set to go up even more this year.

Here are the Insurance Blogger’s top tips for finding a cheap car insurance quote:

  • Don’t just renew your policy; shop around
  • Car insurance costs vary between insurers. Visit comparison web sites and talk to a broker to find out the average rate you should expect to pay.
  • List the pros and cons of each policy. Some offer the features you want as standard and others will charge extra. Make sure you only pay for car insurance features you really need.
  • Factor in insurance costs if you are changing your car.  Smaller cars with less powerful engines are often cheaper to insure – especially for drivers under 25 years old.
  • Young drivers might also want to take a  Pass Plus driving  course
  • Fit an insurance company approved immobiliser to prevent the theft of your car. This often comes with a discount on cover
  • Consider a higher voluntary excess, as the Association of British Insurers (ABI) claims that the higher the excess, the lower the premium., despite research by consumer watchdog Which? suggesting taking a higher excess has little effect of car insurance pricing.

All these tips come from car insurance companies and reflect the way they calculate premiums for drivers.

Nick Starling, the ABI’s Director of General Insurance and Health, said: “Trying to deceive your insurer is a false economy that will cost you dear. Of course everyone wants to get the best motor insurance deal, but being less than truthful is not the way to do it.

“Not being honest with your insurer could lead not only to you driving illegally, but to financially crippling bills if involved in an accident, harder to obtain and more expensive future insurance, and difficulties in accessing other financial products”.

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