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Auto insurance costs tend to go down as fewer people have accidents and claims during closing. So if you're about to renew or looking to cut costs, use our system for an affordable auto insurance deal. Plus we have other savings tips like why it never auto-renews and when is the best time to get the cheapest deal. If you are under 25.

What is car insurance?

Your car insurance covers you if your car is stolen, raided, or if you have an accident. It also protects other road users if your car or property is destroyed.

The cost, your insurance premiums, depends on how much the risk insurance company knows, how likely it is to make a claim. Young people who have just passed the test will pay more than those who can prove years without accidents for years.

6 ways to cut car insurance costs

Did you know that the average driver faces an annual insurance premium of around £ 500? Here are the top tips that can save you £ 100 ...

Never renew automatically. Loyalty is expensive

Nothing says auto insurance companies are exploiting loyal customers better than Sarah Cooper's tweet. "Renewing my car insurance is £ 1,200. A new policy with the same company is £ 690. How do you justify that?" They just do it.

Insurance companies charge more each year, knowing that inertia prevents policyholders from moving. And while the rules introduced in 2016 mean that insurance companies must now tell you about the premium they paid last year in correspondence with you, don't rely on this to take action.

If your renewal is coming up, write it down in your journal as a reminder. Compare quotes from comparison sites and then contact your insurance company to see if they can match or highlight the best you have found. If possible, then you are in love.

2. Don't assume the third party is the cheapest

You can expect the third-party cover to be cheaper because it is a bottom cover, which only covers the person you collide with and their vehicle. But don't expect car insurance to make sense.

With some insurance companies, the mere fact that you have chosen comprehensive, which also includes your vehicle in addition to fire and theft, means that you will be assessed as less risky as you are considered more responsible (based on an "actuarial history", which is what the insurance company will retain with respect to an age range A certain or specific address, for example, on which premiums are based).

This may even outweigh the fact that you are getting more coverage and making your document cheaper. There are no hard and fast rules here; It's a matter of trial and error, but if you're just looking for the cheapest cover, never check with a third party.

3. Getting insurance 20-26 days in advance is the best time and you can save £ 100

A recent MSE research that analyzed more than 50 million quotes from the three largest price comparison sites (Compare The Market, Confused.com, and MoneySupermarket) revealed that buying your auto insurance 24 days before the start day could save you £ 100. Compared to buying it in advance, save it for the day before or the day of the renewal.

Based on the average price, the cheapest time to buy your policy is 20-26 days before your start date, with spreads closely matching the amount of risk you consider, and when the most insurance companies will bid ( see full pricing research)).
Our analysis showed that the policy costs an average of £ 1,218 a year on renewal day, but 24 days ago the average was just £ 672 a year, a whopping £ 546 difference.
So if it's 20-26 days already, act now because the price tends to rise near the policy start date.

4. Do you have more than one car? Multi-car insurance can sometimes save you £ 100, even if you have different renewal dates

If you have more than one vehicle in your family or immediate relatives, this may be the most suitable for you, and having different renewal dates doesn't have to be a problem. For some, discounts by adding multiple cars can save £ 100, or even £ 1000 in some cases, but for others, they can actually be more expensive.

What happens is that multi-car beginners get interesting offers to soak up them, but this feature may disappear upon renewal.

5. Adding a responsible second or third driver can cut costs - for example, your father or Aunt Dutt

It may seem counterintuitive, but covering an additional controller can lower the cost rather than increase it, in some cases by £ 100 or £ 1000. Here are seven quick tips on how to do this more effectively ...

Auto insurance is all about risk. So it can work. If you are a high risk driver and you add someone who is much less risky as a second (or third) driver, you can lower your average risk and can get a cheaper policy.

This is not just for young drivers. While it works well for young drivers (see our Young Driver Insurance Guide), as they are automatically considered high risk and potentially have parents who may be less risky, it can work for anyone. But of course it is especially strong for those with more expensive insurance.

The better the driving record and the lower the risk, the greater the impact it must have. Adding someone with a good driving record is likely to lead to more savings, but someone with the least risk can help. Under the law, insurance companies cannot discriminate on the basis of gender, but age, driving experience and history can make a difference.

It's about trial and error, not logic. Your mom could increase the cost and your brother could reduce it, or vice versa. It's just a matter of trying different dates and seeing what happens.

Different insurance companies respond in different ways. One of them could cut your costs by adding your uncle, and the other could increase it. A quick way to check is to use the best comparison sites listed below.

The second driver should be someone who drives your car reasonably. So don't add Lewis Hamilton, unless they're in touch with each other (and even then, racing drivers are probably very risky), but your mother, son, friend, or loved one should be fine, as long as they go to. drive.

Never add a person as the main driver if not. This is known in the industry as "deadlock" and is a fraud. If you do this and are caught, you could face a conviction and your insurance could be invalid.

6. See if legitimately modifying a job title can save you £ 100

Another quick benefit is editing your job description (legitimately, of course). Often times, a painter is cheaper than an artist, a publisher than a journalist, and a business authority than a secretary.

Have fun playing around with the car insurance job selector and see if small changes to your job description can save you money. Remember, never lie, as this will be considered fraud. If it works for you, share your success story with forum users.