13:03 29 November 2012
At one point there were only a few options when it came to getting your car insurance. This mainly focused on WHAT type of car you wanted to insure, HOW much experience you had driving a car and also WHICH year you were born - as age can affect car insurance premiums.
Today, car insurance companies now consider many differing factors when putting a premium together for a customer.
Factors that car insurance groups could consider;
• Credit rating
• Annual/monthly instalments
• Direct debit/credit card payments
• Multiple insurance policies
By looking to these factors you may be able to reduce your car insurance pricing. So, if you’re after a more competitive quote, bear in mind the following points:
Multiple Policies – By having the same insurance company take care of both your home and car insurance policies it could lead to you reaping benefits rather than having your insurance covered by two separate companies.
This could be in the form of a discount, enabling you to enjoy cheaper car insurance.
Annual/Monthly Car Insurance – If you opt to buy a 12 month car insurance premium this could work out being cheaper than being a policy holder of a 6 month car insurance policy.
Also, paying for your car insurance policy in one lump sum could work out cheaper than paying for it in monthly instalments.
Security – By having security installed on your car you can help reduce the cost of your car insurance.
Anything that could help to deter a theft from your car could probably bring a more competitive car insurance quotation, from an immobilizer to a tracking system.
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