If you’ve become the proud owner of a car and want to get on the road, then you’ll certainly need insurance first. This can often be a barrier to getting out there, as you have to spend money on the policy and time researching.
Never fear, we’re here to help you find the very best deal on car insurance and teach you how to compare these options. Just follow the steps below before you buy.
Ensure You’ve Got the Right Information
Did you know that incorrect information on your policy could mean you don’t get paid-out in the event of an accident? You know the make and model of your car, but do you know what kind of alarm it has, where you plan to keep it overnight or how many miles you drive annually?
You want to ensure that you have all of this information at hand, and that it’s accurate. While you might have estimated your annual mileage, any changes in your circumstances (like a new job or campus to travel to) should be accounted for.
The value of the vehicle will also impact the price that you pay for insurance. Check out the vehicle’s value in a reputable database like Parker’s Car Price Guide, to estimate the value of your car. If you’re overestimating the amount that the car is worth, then you may be paying more than you have to for coverage.
Compare the Coverage
When comparing car insurance, you want to check that you’re getting the same level of coverage regardless of how much you’re paying. Some policies will only cover fire and theft, whereas others will cover you against collisions from uninsured drivers.
Pay attention to that fine print and know the details of the policy before you buy. While similar policies may be hard to distinguish at first, the more research you do the more you’ll be able to tell them apart.
This can be time consuming, but you want to make sure that you have the best insurance in the event of an accident.
Scout for Discounts
Bundling up insurance deals can end up saving you a lot of cash. If you plan to be insured for more than one car, or are already splurging on home insurance, then you can usually get a deal. Insurance agencies want to incentivise you to do all your business with them, so they’ll often give you a discount for doing so.
Some insurance companies will even give you discount cards, roadside assistance and other perks. These can save you even more money in the long run, every time you go to the cinema or need a jump start at the side of the road.
Use the value of these to work out whether you’re getting a good deal or not. Think about the money that you would otherwise spend on the perk to compare the overall deal against others. This can be a useful way to weigh up very cheap car insurance no deposit quotes against more expensive ones with perks.
Get Your Own Policy
Building up your no claims bonus is one of the fastest ways to bring down your insurance costs. Instead of becoming a named driver on another person’s policy, like your parent’s, you should start a policy in your own name.
Then, each year that you don’t claim on your insurance, your premiums will be reduced. For minor issues and scrapes, you may want to pay for these repairs in cash in order to protect your discount.
Before long, you’ll see your insurance prices plummeting thanks to your discount. Even very cheap car insurance no deposit quotes can be reduced thanks to a healthy no claims record.
Take Advanced Classes
There are some advanced classes that you can take after you’ve passed your driving test, which can get you preferential insurance rates. While you generally have to pay for these courses and spend your time on the additional lessons, the rewards can outweigh the initial investment.
There may be government sponsored programs in your area that can have an impact on your policy costs. You can use Google to find out if these apply in your city or if there’s an equivalent.
In addition to helping you out with your policy costs, these can also make you a more confident driver. They often expose you to additional experiences that you may have missed out on before passing your test, like driving in different weather conditions or at night.
Clear your Cache and Go Incognito
Much like airplane tickets, the amount of times that you view a policy and even the day that you do your research can change your policy costs. Going Incognito on your browser and clearing your cache ensures that these sites will treat you like a new customer, which can impact your final price.
This is a really simple step that could end up saving you some big bucks. Even price comparison sites can be guilty of giving you different prices depending on how many times you’ve visited the site in question. You can also phone up the insurer to find out if the quote they give over the phone is different, then you can go with the best deal you can find.
Buying car insurance can be a time-consuming process, but you want to make sure you compare all of the deals on the market before you spend your cash. By following our tips, you’ll be all paid up and out on the open road before you know it.