Find below some tips that can help you in getting cheap motor insurance.
- Fit an alarm in your motor : Fitting of approved alarm such as Thatcham 1 would play a prominent part in minimizing your motor insurance costs. There are few motor insurance companies operating in the market that would ask you to fit sophisticated tracking devices in your motor especially when it is quite costly in nature.
- Change your excess : To reduce the premium, it is of paramount importance that you modify the excess you are ready to pay on any claim. Through voluntary excess, your premium will reduce when you are ready to cover yourself in case of any accident.
- Checking your mileage : When you check your mileage, you pretty much ensure that you are not paying extra money for miles that you are not covering. For example, if you have recently changed your job and have a much shorter distance to cover as compared to previous one then you can save loads of money by checking your mileage. To get advantage of this situation, you must know well in advance how many miles you actually cover. Any mistake in this regard can cost your dearly especially at the time of claiming.
- Reduce your optional extras : Only go for a courtesy motor or legal expense if you really required them. Unnecessary legal expenses can enhance your premium. The general rule of thumb is, less your motor insurance company provides you in case of accident, lower will be your costs.
- Parking space : To reduce premium, it is quite essential that you keep your motor parked in a locked garage overnight. According to one study, around 50 per cent of motor vehicle thefts occur during the night. Therefore, if your car is safely locked, there is not much of a surprise that your insurance costs are not going to be high.
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