How to qualify for reduced car insurance rates

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Are you over 50 with many years of accident free driving? Do you drive less than 5000 miles a year? Is your car any other colour than red? Are you female? Is your vehicle of low value? Answering yes to any of these and similar questions will mean it is very likely you will be entitled to reduced rates for your car insurance.

There are many things you can tell your insurance company that will reduce the rate for your car insurance. Some information that you give in answer to their questions will of course drop the price, but adding more information will make your quotation even cheaper. Most insurance companies will have a base price, which is set by using variables based upon statistics and the risk of accident within those statistics. The extra information you give will tip the balance regarding those statistics making your quotation more personal and appropriate for your circumstances.

There are also things you can do to bring that price down. For instance, find out what car alarm systems are recognised by insurance companies, as often the base insurance price is discounted if you have an approved alarm fitted. If you car is garaged, make sure the insurers know this and it may be worth while looking at garage rental prices as renting a garage may reduce your car insurance by more than the garage rental price. This is particularly true for young drivers who suffer extremely large insurance quotations due to their age.

Another area that can bring down your insurance costs is to look for specific vehicle type insurers. Such insurers or brokers specialise in a make or type of vehicle and can therefore provide more beneficial quotations. For example, if you drive a 4×4 or SUV, a general vehicle insurer may not give you the best quotation possible as they know little about these vehicles and they see a higher risk. By going to a specialist insurer they will understand the risk, even if your vehicle is modified, and quote accordingly.

In addition, some specialist insurers or insurance brokers are able to give cover where a general insurer cannot. For events and shows for example. Some even give additional discounts if you do participate in such things. Some will give you discounts for club memberships as well.

While on the subject of car clubs, some insurers provide heavily discounted insurance to various club members and in return are advertised on that particular club website. This is a great way to get cheaper insurance and I recommend it.

However, the best way to get your car insurance reduced is to not have an accident. This means you can accumulate a no claims bonus which can reduce your car insurance considerably. This means careful and safe driving and making sure your vehicle is well maintained and is safe to be on the road.

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