Car Insurance Money-saving Hacks

Quick Tips to Save Money on Your Car Insurance

Car insurance is something that the vast majority of people will have to deal with at some point in their lives. It’s a tough pill to swallow, but now more than ever, it is essential to find ways to save money on your car insurance. The cost can vary widely depending on the type of car, where you live, and what kind of coverage you choose. In this article, we will go over quick ways to save money on your car insurance, so you don't have to break the bank every month!

quick tips to save money on your car insurance

Quick Tips to Find a Cheap Car Insurance

Get Your Quote in Good Time – Never Auto-Renew

In case you’re wondering,

The first thing to do is start the process of getting car insurance quotes.

You will want to get your quote in good time so you can find a policy that works best for your needs and budget before the renewal date arrives.

It’s also essential not to auto-renew, as this will lock you into whatever price was at when it expired!

Pay Straight Up

Pay Straight Up

The best way to get the cheapest car insurance is by paying in installments.

Check with your insurance provider and find out if they offer discounts for auto-payments or set up recurring monthly payments from an account you have on file with them.

If not, see what other companies may be able to do this instead! It’s worth it so that you don’t end up owing a lot of money at once come renewal time!

Get the Right Car With the Right Engine

Get the Right Car With the Right Engine

Look for cars with higher safety ratings and those that are less likely to be stolen.

You see:

Higher theft rates usually mean the insurance will cost more due to the additional risk factors involved.

The car engine also needs to be considered as some machines are much safer per mile driven than others, leading you to save money on your yearly premium.

In addition, safety features such as airbags have been proven by studies that save lives and reduce claims of injury when accidents occur in other areas (head/neck).

Increase Your Car's Security

Increase Your Car’s Security

In case you didn’t know,

A car that doesn’t have locks installed or up-to-date locking devices is more likely to be stolen.

Consider adding alarm systems, alarms on windows and doors, as well as a vehicle tracking device2 if your car has one (these can all help cut down the cost of insurance).

Don’t Under Estimate Your Mileage

Don’t Under Estimate Your Mileage.

The more miles you drive, the higher your risk of being in an accident. If you are someone who commutes to work or school and drives a lot for leisure, then consider cutting back on these activities so that it can help lower the cost of your insurance premium each year.

Let me show you

Driving once a week doesn’t seem like much but driving only one day out of every four days means that there’s going to be significant mileage on any vehicle (and this will lead to costing drivers far more money) if you’re somebody who is not an everyday driver and does have good driving history, go with an insurer which offers unlimited mileage on your insurance policy.

Add an Extra Driver

Add an Extra Driver

This will not only reduce your insurance premiums, but it can also help you get a better rate if there is another experienced driver who does not have any accidents or tickets on their record.

The rates vary depending on the age of the new person and their driving record, so be sure to do some research and compare with other companies before adding someone else to your policy plan.

Don’t Drink and Drive

Don’t Drink and Drive

If you’re going to drink, then do not be behind the wheel.

Now:

If you are going to drink and drive, make sure that you have a designated driver or use public transportation instead of driving yourself home.

It’s impossible for anybody drunk to react as quickly as someone sober would in an emergency – this means less chance of injury (or worse) should anything happen while they’re operating their vehicle.

And a Few Extra Ideas

And a Few Extra Ideas

Take Advantage of Discounts

Many car insurers offer discounts if specific criteria are met, such as being married or having multiple policies with them.

Some companies may even provide an additional discount for paying on time every month or bundling various types of coverage from one company (homeowners/renters, life insurance).

So don’t forget to ask!

Keep Your Car’s Oil Changed Regularly!

Oil changes are essential because they keep the engine in good shape and decrease wear and tear, which reduces risk factors for accidents such as those caused by brake failure.

Make sure you change your oil regularly, so it lasts longer!

Common Questions

What Do Car Insurance Companies Check?

What Makes Car Insurance Go Up?

At What Age Does Car Insurance Go Down?

How Do I Get the Most Out of My Car Insurance?

In conclusion

That was only the beginning,

The car insurance industry is constantly changing, and there are new ways to save money on your auto insurance policy.

The tips mentioned above can help reduce the cost of your monthly bill, but don’t forget that by shopping around for a better premium or using other available discounts, you may be able to get coverage at a lower price.

You may also like​

Editorial Note: This content has been independently collected by the EveryInvestor advisor team and is offered on a non-advised basis. EveryInvestor may earn a commission on sales made from partner links on this page, but that doesn’t affect our editors’ opinions or evaluations. Learn more about our editorial guidelines.
Taylor Holt - 300x300

Written by
Taylor Holt
Estate Planning Expert

Taylor Is Our Resident Estate Planning Expert. He Knows That Everything Revolving Around Wills or Funeral Planning Can Be a Sensitive Subject That People Don’t Like to Discuss. But He Also Knows How Important It Is to Know All There Is to Know About It. Taylor Makes It His Mission to Spread Awareness About Estate Planning, and We Believe Everyinvestor Is the Best Platform to Do That.

Monique - 300x300

Written by
Monique Pittman
Pensions Expert

Monique Is Our Resident Pensions Expert. Many People Postpone Planning Out Their Pension, Thinking That Is Something They’ll Have to Worry Much Later in Life. Monique Knows How Important It Is to Start Planning Your Pension Early, and She Wants You to Know It Too!

Written by
Lisa Schilling
Insurance Expert

Lisa Is Our Resident Insurance Expert. She Knows How Important It Is to Be Ready for Any Scenario, Especially When a Family Member Is Involved. Nobody Likes Being Found Unprepared in a Tough Situation! Lisa Can Find the Best Insurance to Cover Your Every Need, Present and Future.

Doyle Edwards - 300x300

Written by
Doyle Edwards
Mortgages Expert

Doyle Is Our Resident Mortgages Expert. He Comes From a Long Line of Financial Gurus, and It Truly Shows. Despite His Young Age, There Is No Question He Cannot Answer When It Comes to Mortgages, and His Ability to See Outside of the Box to Find the Best Mortgage Deals Is Truly Impressive.

jason stubbs 300x300 1.jpg

Written by
Jason Stubbs
Equity Release Expert

Jason Stubbs Is a Specialist in the Equity Release Sector. He Enjoys Helping Older People Who Are Struggling Financially Get Out From Under Financial Pressure.

rachel w.jpg

Rachel Wait
Personal Finance Journalist

Rachel is an experienced finance journalist and editor with a particular interest in personal finance and consumer affairs. She has vast experience writing about money issues, property, insurance, and consumer affairs, and you’ll find her articles regularly featured in top media and newspaper publications.
francis.jpg

Reviewed by
Francis Hui
Senior Risk Manager

Having held various high-level roles across the industry, Francis is truly an expert in aiding UK citizens in their financial decisions and risk analysis. His unique insight and statistical knowledge make him the perfect person to help you take your financial future to the next level.
Mark Patterson

Written by
Mark Patterson
Mortgage Expert

Mark Patterson is a well-known expert in mortgages. He has been working as an expert for over 15 years, and he specializes in the UK mortgage market.
kath icon.png

Katherine Read
Consumer Affairs Writer

She writes on the topics of equity release, home reversion, and mortgages.

Nicola Date

Nicola Date
Writer & Journalist

Nicola is a financial writer for EveryInvestor and is passionate about the opportunities that equity release can open up for homeowners. Her extensive business experience and deep understanding of the industry means that she’s always up-to-date with the latest developments.