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Find cheaper insurance with these tips

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Car insurance prices can be hefty, especially for newer drivers, but it’s a mandatory cost if you want your car on the road. There are a few ways you can lower your car insurance costs, besides shopping around, so if you are savvy you can make a good saving. Pick your car well Not all cars are created equally. A smaller engine, for example, will have a lower insurance premium than a larger engine. It’s important to look at the history of your car, the mileage and the make. If in doubt, pick a few cars you are interested in and try to get quotes for each. Check what you’re getting That cheaper insurance quote might not work out cheaper in the long run – you need to check what benefits come with it. If you are involved in an accident and your insurance only covers the bare minimum, you could find yourself spending a lot more money on things such as car rentals than you would have if you had paid slightly more originally. You’ll also want to check what the excess is on y...

How to make sure you’re getting the best deal out of your car insurance

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Car insurance can be one of the main things that put drivers off getting a car. With new drivers facing annual costs into the thousands, it’s not cheap to be a motorist on the roads. However, you could be paying over the odds, so here are our tips on how to get the best price on your insurance. 1.       Pay annually Paying smaller chunks monthly may sound like a better option, but over the course of a year you’ll end up spending more. It’s not always possible to pay the cost upfront, but you’ll be expected to pay interest if you pay it monthly. Annual payments might be the better option if you want to save money in the long run. 2.       Use price comparison websites The task of finding insurance can be daunting, but thankfully there are websites you can use to make it a little easier. Be clear on you what you’re looking for, because not all insurance quotes cover the same things. Not all companies put their rates on these website...

Adding a woman to insurance can save men money

Men, add a woman onto your car insurance policy and they could almost halve your car insurance bill by simply being added as an additional named driver on your existing policy, says Confused.com . I found this article when reviewing my car insurance options recently on their website. It was posted on the site on July 26th, 2012 by one of Confused.com's staff writers, but I thought it would be worth it to share some of the highlights from the informative piece on my blog. Some of the article quotes figures about how much money a woman can spend in her lifetime on shopping for things like clothes, beauty products, and socialising compared to what a man spends, but the most important figures and facts are the ones that claim women are better at shopping around for better deals and that women often qualify for cheaper insurance because they are seen as "less risky" by insurance companies. However, don't get too excited just yet. Come December 21st of this year, insurers ...

Unemployed made to pay more for car insurance?

I was surprised to read an article recently on the This is Money website regarding unemployment and auto insurance. The article claims that motorist who inform their insurance company of a job loss or significant change in their employment are seeing renewal premiums sky rocket as much as 400%! With some companies even refusing cover all together for those without employment. The article goes on to say that insurers feel that a jobless person may no longer have the financial ability to maintain or service their car properly and fear an increase in fraudulent claims by those who are facing economic strain. While this all seems highly unfair, some insurers claim that because they do not have an established relationship with a new unemployed customer applying for their policy, it is difficult to assess whether or not they may be credit risk. A few comments on the article seem to imply that this was not the case for them and saw no increase when advising their insurer. Either way, it’s al...