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Car Insurance Discounts That You Might be Eligible For

Apr 19, 2011

Most of us would like to get our monthly expenses down a little bit because none of us really has a lot of money to spare these days.  The economic troubles affecting most of the globe means that we are left with very little spare cash.  So reducing our outgoings might be one way to raise a bit of extra money for the things we love. 

Saving Money

Most of us are trying to find ways to save money because of the fact that we are earning less and the cost of living is increasing.  A few years ago, most of us took things for granted and could at times, be a bit wasteful with our money, never thinking that we could be facing a time when we would have to count our pennies.  Unfortunately that day has arrived and we now have to think of ways to cut our costs.  This could be a case of doing our grocery shopping at a more cost effective supermarket or it could be going without certain luxuries.  Another way is to look for cheaper car insurance.  Did you know that there are a number of ways that we can get the cost of our car insurance reduced?  Not many people are actually aware that there are some discounts that they could avail of which would significantly reduce how much they have to spend on their insurance.  Below are a few of the discounts which could apply to you:

  • We all know about no claims bonuses and this is a reward for good driving that most of us can be eligible for.  If you drive safely for a number of years and do not make any claims on your car insurance policy, then you may be eligible for certain discounts.
  • If you have more than one car in your household, then you may not find that it is so cost effective to have separate policies.  A lot of people will take out a new policy when they buy a second car without checking if they are entitled to a discount for having a multi car insurance policy instead.  This is something that you should consider before taking out separate policies.
  • An umbrella policy will also entitle some people to discounts depending on their insurance company.  Check with your insurance company to see if they would offer you a discount for having your home insurance, car insurance and many travel insurance with them.
  • You may also get discounts on your insurance if you agree to only drive a certain number of miles in a year.  This is ideal for people who only usually use their car at the weekends. 
  • Installing certain safety equipment in your car such as an immobilizer, alarm or steering wheel lock might be another way for you to get discounted insurance and is definitely worth considering.

We are all living in more frugal times and finding savings wherever we can has become very important.  If you are eligible for a discount on your car insurance then you should do your best to get it.