Very Cheap Car Insurance: How to Save Money on Your Car Insurance

Car insurance is a must-have if you own a vehicle. However, it can be quite expensive, especially if you’re a young driver or have a history of accidents. In this article, we’ll be discussing ways in which you can get very cheap car insurance without compromising on your coverage. We’ll also be answering some frequently asked questions about car insurance.

How to Get Very Cheap Car Insurance

1. Shop Around: The first and foremost thing you need to do is shop around. Don’t just settle for the first quote you receive. Different insurance companies offer different rates, so it’s important to compare them all. Use online comparison sites like Comparethemarket.com or Confused.com to get a range of quotes.

2. Increase Your Excess: Another way to reduce your premium is by increasing your excess. Your excess is the amount you pay towards a claim before your insurance kicks in. The higher your excess, the lower your premium will be. However, make sure it’s an amount you can afford to pay.

3. Get Black Box Insurance: Black box insurance is also known as telematics insurance. It involves having a small device installed in your car which monitors how you drive. If you’re a safe driver, you could save money on your insurance. It’s particularly useful for young drivers who are considered high-risk by insurers.

4. Consider a Multi-Car Policy: If you have more than one car in your household, consider getting a multi-car policy. This can work out cheaper than insuring each car separately.

5. Pay Annually: Instead of paying monthly, pay for your insurance annually. Insurance companies often charge interest for monthly payments, so you could save money by paying upfront.

FAQ: Very Cheap Car Insurance

What Determines the Cost of Car Insurance?

The cost of car insurance is determined by several factors, including your age, the type of car you drive, your driving history, and where you live. Younger drivers and those with a history of accidents tend to pay more for their insurance.

What’s the Minimum Level of Car Insurance Required by Law?

The minimum level of car insurance required by law is third-party insurance. This covers the cost of any damage you might cause to someone else’s vehicle or property. However, we recommend getting comprehensive insurance as it provides more cover.

What’s Black Box Insurance?

Black box insurance or telematics insurance involves having a small device installed in your car which monitors how you drive. If you’re a safe driver, you could save money on your insurance. It’s particularly useful for young drivers who are considered high-risk by insurers.

How Can I Get Very Cheap Car Insurance?

To get very cheap car insurance, you need to shop around, increase your excess, consider black box insurance, get a multi-car policy, and pay annually instead of monthly.

Conclusion

Getting very cheap car insurance is possible if you do your research and take steps to reduce your premium. By shopping around, increasing your excess, considering black box insurance, getting a multi-car policy, and paying annually, you can save money on your car insurance without compromising on your coverage.