Keeping your car insurance premium down

The size of your car insurance premium will depend on your chosen level of cover and the level of risk you represent as a driver. This risk is calculated according to the probability of you making a claim, and the probable size of that claim.

The likelihood of you making a claim on your policy will vary according to your age and gender; your driving history (i.e. driving convictions); where you live; the type of vehicle you drive, its age; where it is kept, and your annual mileage.

Slow down

Sounds simple. Yet far too many collisions and injuries are simply caused by over-confident drivers driving too fast. Any speeding convictions will also result in a higher insurance premium, so keep safe and keep your premium down by keeping your speed down.

Keep your car secure

Discounts on your insurance premium may apply if your car is fitted with additional security devices. These range from an inexpensive steering wheel lock to a vehicle tracking system. Storing your car off the road in a garage or on a driveway may also save you money and deter opportunist thieves.

Drive less

Many insurers will take your annual mileage into account when calculating premiums. So, less time on the road means a lower risk of collision. For instance, you could avoid the odd unnecessary short journey by walking to the shops instead.

Improve your driving

Many insurers will offer you discounts if you undertake additional driver training to give you driving skills over and above those you need in order to pass your driving test. The level of discounts offered will vary between insurers, so it is important to shop around.

If you choose an higher excess this can lower your overall premium, however, do bear in mind, if you are involved in an accident and it is your fault, you need to be able to afford to pay your excess.