If you’re looking for ways to save money on car insurance, you’re in the right place! We’ve got some amazing tips and tricks that will help you slash your costs and get the coverage you need for less.
First up, we’ve got Martin Lewis, the renowned money-saving expert, sharing his top tips for saving on car insurance. According to Martin, one of the easiest ways to get a better deal is to shop around and compare quotes from different providers.
But it’s not just about finding the cheapest policy. Martin recommends looking for insurance that offers the right level of cover for your needs, as well as any discounts or benefits that may be available.
One of Martin’s top hacks for getting cheaper car insurance is to use a comparison site that also offers cashback. By using the comparison site to find the best deal, and then clicking through to the provider via the cashback site, you can actually make money while also saving on your insurance premiums!
Next up, we have another amazing trick for saving on car insurance, and this one comes from a study conducted by researchers at the University of Illinois. According to the study, drivers who raise their deductibles from $500 to $1,000 can save up to 9% on their premiums.
Now, you may be thinking, “But won’t I end up paying more if I need to make a claim?” Not necessarily. The researchers found that the increased deductible only resulted in a slightly higher out-of-pocket cost in the event of a claim, while the savings on premiums more than made up for it.
But it’s not just raising your deductible that can save you money. Another tip is to bundle your car insurance with other policies, such as home or life insurance. Many providers offer discounts for multiple policies, so it’s definitely worth considering.
And if you’re really looking to save, you may want to consider downsizing your car. According to a report by Edmunds, smaller cars tend to have lower insurance premiums than larger vehicles, due to factors such as lower replacement costs and better fuel efficiency.
But no matter what type of car you drive, there are a few key factors that will always impact the cost of your insurance. These include your age, driving history, and location.
For example, younger drivers tend to have higher insurance premiums, due to the increased risk of accidents. And if you have a history of accidents or traffic violations, your premiums may be higher as well.
Your location can also have a big impact on your insurance costs. If you live in an area with high rates of accidents or thefts, your premiums may be higher than if you live in a safer area.
But don’t worry, there are still ways to save even if you’re a young driver or live in a high-risk area. One option is to take a defensive driving course, which can not only help you become a safer driver, but also qualify you for a discount on your insurance.
You can also look into telematics insurance, which uses technology to track your driving habits and adjust your premiums accordingly. This can be a great option for safe drivers, as well as younger drivers who may be deemed high-risk due to their age.
So there you have it, some amazing tips and tricks for saving on car insurance. Whether you’re looking to shop around for a better deal, raise your deductibles, or take a defensive driving course, there are plenty of ways to save on your premiums and get the coverage you need for less.
And remember, always read the fine print and make sure you understand the terms and conditions of your insurance policy before signing up. That way, you can ensure you’re getting the best deal possible and avoid any surprises down the line.
Happy saving!
If you are looking for Martin Lewis explains car insurance 'trick' which could save drivers you’ve visit to the right place. We have 8 Pics about Martin Lewis explains car insurance 'trick' which could save drivers like Martin Lewis: Money Saving Expert reveals how to SLASH costs to get, Martin Lewis money expert: Drivers warned against car insurance payment and also Martin Lewis: Money Saving Expert reveals how to SLASH costs to get. Here you go:
Martin Lewis Explains Car Insurance 'trick' Which Could Save Drivers
automototale.com
car lewis martin 2021 drivers pounds explains trick hundreds insurance could which reviews mediabest
Martin Lewis: Money Saving Expert Reveals How To SLASH Costs To Get
www.express.co.uk
lewis martin car insurance slash money saving expert express pension cost state reveals
Car Insurance: Martin Lewis Reveals How Motorists Can Save On Premiums
www.express.co.uk
firms
Martin Lewis Money Show Reveals Drivers Can Save On Car Insurance From
www.express.co.uk
drivers
Martin Lewis Money Expert: Drivers Warned Against Car Insurance Payment
www.express.co.uk
motorists
Martin Lewis Warning To Car Insurance Holders Hoping To 'save Cash
www.express.co.uk
vital lockdown hoping
Martin Lewis Reveals Genius Hack To Get Cheaper Car Insurance And Save
www.womanandhome.com
cheaper hack reveals
Martin Lewis Car Insurance Renewal
www.sappscarpetcare.com
Martin lewis explains car insurance 'trick' which could save drivers. Martin lewis reveals genius hack to get cheaper car insurance and save. Car insurance: martin lewis reveals how motorists can save on premiums