How to Lower Your Car Insurance Premiums

Although the cost of car insurance dipped slightly this year, no doubt due to the COVID pandemic and the way that is has impacted daily life, overall it is still going up with prices soaring year on year. Thankfully, there are several steps that you can take to keep your car insurance premiums under control.

Improve the Security of Your Vehicle

No matter what kind of car you own, one of the best ways you can protect it and lower your insurance premiums at the same time is by investing in additional security to protect it, in this case in the form of a GPS car tracker. These trackers are one of the most effective ways of preventing car theft as well as for ensuring the safe recovery of your car, should it ever be stolen or moved without your authorisation.

Other ways you can improve the security of your vehicle is by fitting an immobiliser, if it isn’t new enough of a model to come with one, as this will increase its security – along with an anti-theft alarm – meaning that in the eyes of insurance companies your vehicle will be less likely to be stolen. If you are truly serious about both the safety of your car and keeping your insurance premiums as low as possible, then your first choice should always be to keep your vehicle in a locked garage at all times when it is not in use.   

Re-Consider Adding Other Named Drivers

While it might seem like the prudent thing to do, adding family members to your own policy as named drivers of your vehicle could actually be the cause of your rising premiums. This happens because insurance companies will have to calculate the risk potential for each driver so while you might feel like you are doing something good and helping out your family members, you could be doing so at the cost of your insurance. It can have a particularly deep effect on the cost of your insurance if you add young people under 25 as named drivers, as this age group tends to attract the highest levels of premiums as it is.

Invest in a Black Box

This one is particularly useful for new drivers looking to lower their premiums, although all drivers could potentially benefit from installing a black box, as long as they can stick to the rules (otherwise they will be doing themselves more harm than good). While having a black box in your car can feel a little restricting, it can do wonders for your insurance premiums and will reinforce good driving habits such as not speeding, not braking forcefully, and minimising night-time driving.