The cost of running a car can get pretty high but it’s a necessary expense. The good news is, there are ways that you can cut down on the amount of money that you spend on your car. By driving more sensibly and shopping around for cheaper fuel, you’ll save a bit. But if you really want to make a saving, you’ve got to deal with the cost of car insurance. Luckily for you, there are some handy tricks you can use to cut the cost of that insurance policy.
Don’t Renew Automatically
The first mistake people make is renewing their policy automatically without checking it. In some cases, your company might give you a good deal for your loyalty but that’s not always the case. Some companies will try to take advantage because they know that it’s easier for you to just renew it, so they’ll bump up the price without you noticing. Every time your policy is coming to an end, you need to make sure that you’re shopping around and finding the best deal.
Look For Perks
If you’ve looked at your current policy and you think you can get a cheaper deal elsewhere, it’s time to start shopping around. Obviously, the price is the first thing to look at but you should consider the perks as well. Some companies, like Safe Auto, will give you a discount when you switch and further reductions if you’re a homeowner. Those extra perks can be the difference between a bad deal and a great deal so always make sure that you take them into account.
When you’re looking at the perks, make sure that they’re actually perks. A lot of insurers are going to add a load of extras for which they’ll tell you are perks, but they aren’t. They’re things that you don’t really need. Stuff like windscreen cover or breakdown cover are handy but if you don’t need them, you can save some money by avoiding them.
Watch Out For Monthly Payments
Insurers have all sorts of tricks to try to make you pay more money for your policy and one of the most common ones is monthly payments. They’ll tell you that they’re just trying to make things more manageable for you by letting you pay in monthly instalments instead of paying it all in one lump sum but that’s not the case. If you added up the total cost of the monthly payments, you’d find that you’re actually paying way more money than you would if you just paid it off in one. That isn’t always the case and sometimes, it is a good deal but more often than not, it’s a sneaky trick to increase the price of your insurance policy.
Get A Black Box
A lot of insurers are offering policies that are based on your driving ability by putting a black box in the car. If you think you’re a sensible driver, you should consider getting one of these policies, it’ll be a lot cheaper than getting a normal policy as long as you aren’t speeding or anything like that.
Cut the price of your car insurance and you could save yourself a lot more money than you’d expect.