Getting the best deal on car insurance can be a bit of a dark art, but there are some tried-and-true ways you can keep your rates low. To make it easy, we put together this handy-dandy infographic, which should help you keep your next car insurance policy as cheap as possible. (And yes, it could affect what kind of car you end up choosing from our current lineup at Tred.)
Here’s the relevant info:
- Avoid sports cars.
This is largely because people who drive sports cars are statistically more likely to—surprise surprise!—drive fast. The logic there is that they’re expected to get into more accidents. There’s also the issue that sports cars can be expensive to repair, which also drives up your premium.
- Go for a smaller engine.
This follows a similar logic: bigger engines mean faster driving and possibly more accidents, forcing insurance companies to pay out. The smaller your engine, the lower your payments.
- Install approved security features.
Most insurance companies give discounts or lower rates if your car has certain safety features like airbags and anti-lock brakes, and security features like anti-theft devices. If these don’t come standard on your new car, you can always install them.
- Avoid road parking at night.
Parking on the road increases your chances of being hit by passing cars and having your car burglarized. If you can arrange a garage space or a carport, you’ll save on insurance.
- Limit the number of drivers on your policy.
The more drivers you have on your policy, the more different kinds of risks the policy has to take into account. If it’s just you, or you and one other person, you’re likely to get a lower premium. One way to drive your premium way up is to have a teenager on your policy.
- Protect your no-claims bonus.
As an ongoing practice, be sure to protect your clean driving history (and the discounts on car insurance that you’re likely to get) by contesting any claims in which you aren’t at fault. It’s worth fighting bogus claims to keep your premiums low in the long run.
- Drive less than 15,000 miles per year.
Ten to fifteen thousand miles per year is the typical average, so if you can get your driving below that level, you’ll probably have a lower premium—simply because you reduce the chances of getting into an accident by not driving as much. It might be worth biking to work sometimes or taking public transport on longer trips to save the cash on insurance.
- Rent or buy in a low-crime area.
You probably want to do this anyway, but it really helps when it comes to getting cheaper car insurance. The safer the insurance company believes your car to be, the less you’ll have to pay.
- Shop around for a good deal.
Never take the first deal you see—and never check just one price comparison website, either. Take a few days to shop around for the best possible deal on your car insurance, and don’t let yourself be swayed by convincing salespeople who will call you up as soon as you get an online quote; take your time and be circumspect.
Do you have a great tip for getting inexpensive car insurance? Let us know via Twitter or in comments!