FIVE TIPS TO CUT COSTS ON YOUR CAR INSURANCE

Buy car insurance in advance



If you are renewing your car insurance, it can often work out cheaper to buy it ahead of time, rather than waiting until the last minute to renew. Insurance providers often consider people who buy ahead of time to be more organised and risk averse and see them as less likely to be involved in an accident, which means they are able to offer lower rates.



Your current provider will typically send you an email reminder a month before your car insurance is up for renewal, however the best deals will be available around three weeks before your renewal date. Insurance policies then tend to get more expensive, the closer it gets to your renewal date.

Try to avoid purchasing car insurance more than a month before the renewal date, as you can miss cheaper policies from insurers who aren't willing to provide quotes that early.



Pay for your car insurance annually



When taking out a new insurance policy, paying for it with one annual payment rather than monthly payments can contribute towards cheaper car insurance. This is because insurance providers charge interes...