How to get cheaper car insurance

Car insurance is a legal requirement and a costly expense for many drivers. But, there are ways to find cheaper car insurance without compromising on coverage. In this article, we will discuss some useful tips and tricks to ensure you always get the best car insurance deal possible.

And if our tips for cheap insurance aren’t enough, don’t forget that as a Boundless member, you can receive 6% discount off LV= public prices for car and home, as well as 5% discount off travel insurance from LV=. Click here to find out more… 

Choose the right level of coverage

The level of coverage you choose can significantly affect the price of your car insurance. Third-party only insurance is the minimum level of insurance required by law and is usually the cheapest option, but it may not provide enough cover for your needs. Third-party, fire and theft insurance provides additional coverage for your car in case it's stolen or damaged by fire, while comprehensive insurance provides the highest level of cover, including for damage to your car in an accident that is your fault.

Consider paying annually

Paying for your car insurance annually rather than monthly can save you a lot of money in the long run. Insurance companies often charge interest for monthly payments, so paying annually can help you avoid these charges.

Renew at the right time

The best time to renew your car insurance is typically a few weeks before your current policy expires (21 days to be exact, according to Moneysavingexpert.com). It's important to give yourself enough time to compare policies and quotes from different insurance providers to ensure that you're getting the best coverage and price for your needs. Renewing early also helps you avoid any gaps in coverage, as well as potential penalties or fines for driving without insurance. It's also a good idea to review your current policy and assess if any changes need to be made, such as adjusting your coverage levels or adding additional drivers. Overall, renewing your car insurance before your current policy expires can save you money and provide peace of mind while driving.

Consider Increasing your excess

Your excess is the amount you have to pay towards a claim before your insurance company pays out. Choosing a higher excess can reduce the cost of your car insurance, but be sure to choose an excess that you can afford to pay if you need to make a claim.

Add a named driver

Adding a named driver to your policy can reduce the cost of your car insurance, especially if the named driver is an experienced and safe driver. With LV= multi car insurance as a Boundless member you can also save an additional 12% on every car you add to your policy (for up to six vehicles)* click here to find out more.

*Discounts are applied individually for each car

Secure your car

Insurance companies may offer a discount if your car is fitted with an approved alarm or immobiliser. Parking your car in a secure garage or on a secure driveway can also help reduce the cost of your car insurance.

Drive safely

Insurance companies take your driving history into account when calculating the cost of your car insurance. Driving safely, avoiding accidents and traffic violations, and building up a no-claims discount can all help reduce the cost of your car insurance. You can also save money with a black box, or telematics device which records data on driving behaviour and allows insurance companies to calculate risk and tailor premiums. Safe driving habits, will result in lower insurance costs, making black boxes a popular option for young and inexperienced drivers.

Finding cheap car insurance in the UK requires some effort and research. Choosing the right level of coverage, paying annually, increasing your excess, adding a named driver, securing your car, driving safely, and renewing at the right time are all important factors to consider. By following these tips, you can find affordable car insurance without compromising on coverage. 

Do more with Boundless

As a Boundless member, you can receive 6% discount off LV= public prices for car and home, as well as 5% discount off travel insurance from LV=. Click here to find out more… 

Working or retired from the public sector or civil service? Get free entry to top attractions, discounts on restaurants and savings on high-street brands. Plus, dozens of other deals on motoring, insurance and more! To find out more, visit Boundless savings.