If you are like many other residents in the United Kingdom, you have been reviewing your personal budget in an effort to find new ways to save money. Many people initially will cut extra spending from their budget, such as expenses related to meals at restaurants and unnecessary trips to the store to buy new outfits. However, you may find it more useful to lower your fixed expenses and enjoy regular, on-going savings in your budget. You can start with your car insurance premium. Here are five different ways you can lower your car insurance expense today.
1. Shop for Low Rates
First, take a moment to shop for lower rates for car insurance. You can easily use our KwikFit quote generation system to request and review new insurance quotes from top insurance companies. Simply compare these quotes against your current premium, and you may be surprised to learn how much money you can save on your cover.
2. Raise Your Excess
Another great way to save money on your insurance is to raise your excess. You can contact your current insurance agent and request this change, but be sure to compare the revised premium amount on your existing policy against the quotes you receive from the KwikFit website.
3. Look For Discounts
You can then take the additional step to research cheaper car insurance discounts that you may qualify for. Discounts are available for everything from having a safe driving record to having safety equipment in your vehicle. After you have explored the discounts available, take the next step and get a quote that takes into account savings from these money-saving discounts.
4. Adjust Your Cover
One of the biggest factors that affects your car insurance expense relates to the type of cover that you purchase. A comprehensive policy is the most expensive type of cover available. While it does offer you some fabulous benefits, you can save money by switching to a third party only or a third party fire and theft policy. Also, take a closer look at any optional cover on your policy, and remove optional cover that is no longer beneficial to you.
5. Purchase Your Cover Online
As a final note, consider the benefit of purchasing your cover online. When you apply for care insurance through the KwikFit website, you will enjoy a 20 percent discount on your cover. This discount is in addition to the other savings that you can enjoy by implementing these other money-saving strategies!
There are several steps that you can take to reduce your car insurance premium in the United Kingdom. The savings you find by following these valuable tips will affect your budget positively for months to come!