Money Saving Tips for Student Car Insurance

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Money Saving Tips for Student Car Insurance

There are a number of steps you can take to help save money on the cost of your student car insurance cover.

• Compare quotes - Cover premiums can vary a great deal from insurer to insurer, so be sure to compare a number of policies in order to get the most value for your money.



• Use the internet - Most insurers offer special discount rates for policies bought online. The internet also provides a number of useful price comparison tools which can help you compare the benefits, terms and premiums of various car insurance policies with ease.



• Increase your policy excess - The higher the excess on your policy, the lower your premiums are likely to be. But remember to never set the excess higher than what you can actually afford to pay, in the event that you make a claim.



• Avoid new, modified or turbo-charged cars - The brand, model, age and engine size of your car will all affect the cost of your car insurance, as will expensive extras like turbo-chargers and induction kits, which are very unpopular with insurers. The general rule is the smaller and less powerful the car, the cheaper the policy should be



• Add security - Reduce your risk profile by fitting your car with extra safety and anti-theft devices, especially if you're living in an area where you're concerned about car theft. Alarms, tracking devices and immobilisers usually attract the best discounts from insurers. You can also lower the cost of your premium by parking your car off the road whenever possible, e.g. in a driveway or garage.



• Build your no-claims bonus - For every year that you don't make a claim on your policy, you will receive a no claims bonus. Building your no-claims record can significantly reduce your insurance cost as insurers will see you as a low-risk driver and therefore offer you a discount on your insurance premium.



• Reduce your mileage - driving less throughout the year can also help reduce your insurance premium.

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