Buying a car is often a stressful and costly experience and buying a second hand car, especially privately, is notoriously unpredictable. Once you have assessed the condition of the car and checked its history, next comes haggling about the price. The final piece of the puzzle is the insurance, and this is the bit that many people overlook until it is too late.
Learning how to get the best car insurance deals before you buy you car is essential in ensuring you pay the lowest possible price. Here are some top tips for making sure you get the best deal on your car insurance.
1. Choose your car carefully
The normal checklist for buying a car includes things like colour, alloys and air con. One other consideration should be insurance. Even different specifications of the same model can have varying insurance costs so make sure you research all your options and that you don’t end up paying over the odds.
2. Compare insurance quotes
Don’t just rely on comparison websites. There are a number of car insurance companies who do not use comparison sites. Make sure to check these independently.
3. Don’t be afraid to haggle
If you have found a cheaper quote on the internet, but you like another company, don’t be afraid to ring them up and negotiate a better price. Quoting a cheaper price found online may prompt the sales person to discount or match the rival quote.
4. Be honest
It might seem obvious, but make sure that you are honest about the condition of your vehicle and any modifications. Be honest about where you live, your mileage, and where you store your vehicle. The last thing you want is for your insurance to be invalidated because of incorrect information.
5. Ask about discounts
It might be possible to combine home or other types of insurance and get a discount. There may also be special offers that you can take advantage of.
6. Increase your excess
Talk through with the sales person the effects of changing the excess on your policy and see if it brings down the cost of the final premium.
7. Add a named driver
This can reduce your quote rather dramatically if the named driver in question has a good record and a stable profession.
8. Pay up front
If at all possible, pay your premium up front. Paying in monthly instalments will not only add interest to the quote, but may also exclude you from selecting some of the cheaper quotes.
9. Don’t call about a bump
If you bump your car, and there were no other people or vehicles involved, there is no need to inform your insurance company. If you scratch your bumper on your driveway or ding an alloy on the kerb, just pay for the repair yourself. Once insurance companies identify you as a risk, your premium will increase.
10. Don’t renew automatically
It might seem like hard work, but insurance companies will try and get back any saving made from special offers during the first year of cover by offering an inflated quote in the second year. Although it might be tempting to allow the cover to automatically renew, at least get a few quotes from different companies to check that the price is fair.