Cheaper Car Insurance Tips

Low Cost Car Insurance

Car insurance premiums are rising and are becoming almost prohibitive for younger drivers, especially males under twenty five years of age. The reason for this is that the cost of car insurance is based on a number of factors, risk being one of the main. And, statistically speaking, young male drivers are a high risk category.

Other factors which have a bearing on the cost of the car insurance include, make and model of the car, driving record of the owner, and what the car is predominately used for. The typical use of the car under the policy include private use, social and domestic, and commercial use which includes the carrying of goods.

Here are a few tips that you can consider which might help in getting a low cost car insurance.

  • Bundle Insurance Policies: Many insurance companies will offer discounts if you sign up for several types of insurance. For instance you could have home insurance and life insurance from the same company.
  • Raise the Excess. The excess is the amount you will have to pay in the event of a covered claim. Generally if you increase the amount of the excess, the cost of the premium will drop. But,