10 Ways To Save When Renewing Your Car Insurance

Author: Bev Sharpe

| Posted: 28-06-2008 | Comments: 0 | Views: 5 | Rating: (50)

(?)

With car insurance premiums set to rise again this year, we could all do with a little help getting the maximum value for money out of our premiums.

The fact is that many drivers are still paying more than they have to for their car insurance and could save hundreds by following a few simple steps at renewal time. So, here are the top ten ways to save some cash on your car insurance in 2008. Try them when renewal time rolls around this year.

1. Shop around instead of automatically renewing.

One of the biggest mistakes that insurance buyers make is assuming that their insurer will give them the same great deal this year that they got last year. Insurers re-evaluate their positions every year, and last year's quote that was one of the lowest in the market could easily become this year's highest. Get multiple quotes from at least two price comparison sites that don't make assumptions about your insurance needs.

2. Keep mum about the quotes.

When approaching your short-list of insurers, don't tell them how much you've been quoted by other insurers. An insurer or provider isn't interested in giving you their best price - just beating the quotes you've got from others. If the provider knows you have a quote of £300, they aren't going to jump in with their best price of £250. They'll undercut it by as little as possible to keep as much of the profit they can.

3. Act the part.

If you're using a broker for getting quotes in person, consider how you dress and act. Insurance is a money game. If you look and act rich, the agent might quote you high, assuming you can afford it. If you look and act poor, the broker might assume that you have a bad payment record and quote you high to get rid of you.

4. Be likeable.

Courtesy is one of the most surprising money-saving tips on the list. A broker has contacts that you don't have, and a good one can scout around to find you the best deals. When you have rapport with a broker and they like you, he or she is more likely to go the extra mile on your behalf.

5. Practice reluctance.

Use a little shopping psychology when you're shopping for quotes. The more pleased you sound with your current insurance provider, the harder others will work to win your business. If you sound like you really don't want to leave, they're likely to cut straight to their lowest quotes to grab a loyal customer like you.

6. Be careful about the questions you answer.

Questions like "what have you budgeted for insurance?" are designed to find out what the market will bear. The insurer, broker or provider might as well be asking "how much can we charge you?"

7. Avoid the bargaining game before it starts.

When you hear "come back if you get a better quote", it really means "I can give you a lower quote". Get to the point and save yourself some time by telling the insurance provider up front that you don't have time to play games. You're going to choose the cheapest quote from your first and only round of comparisons.

8. Know what the quote covers.

A quote might be the cheapest, but does it offer the same features and cover the same things? Make sure that you're comparing oranges with oranges - or at least with grapefruits.

9. Ask for a freebie.

Most insurers will charge you £20 for legal cover when it costs them about £2. You can save that £20 by offering the provider a bone - ask them to throw in legal cover for free, and you promise you'll come back if you get a better quote elsewhere. Most insurers will jump at the second chance.

10. Give your insurer a chance.

Once you've got three or four quotes short-listed, ring up your current car insurance provider and ask if they can beat it. Many times, they'll be willing to shave another £10-20 off to keep your business.

Rate this Article:

Current: 0 / 5 stars - 0 vote(s).

Article Tags: Car Insurance, Premiums, Policies, Renewal

Article Source: http://www.articlesbase.com/finance-articles/10-ways-to-save-when-renewing-your-car-insurance-466102.html

Print article

Send to friend

Publish this Article

Author feedback

About the Author:
If you'd like to take back some control over the cost of your motor insurance this year, visit Uk Insurance Index for lots more tips and ideas to ensure a great deal at renewal time. You'll find a car insurance directory and list of customer car insurance reviews at http://www.uk-insurance-index.co.uk.

Submitting articles has become one of the most popular means of generating quality backlinks and targeted traffic to your website. Join us today - It's Free!

Article Comments

Add new Comment

Making Sense Of Those Car Insurance Policies And Terms
By: Joseph Kenny | 04/06/2007 | Non-Fiction

Travel Insurance rates
By: Joseph Kenny | 25/01/2006 | Finance
Free Finance articles for use on your Finance related website. Find articles of the subject of Finance

No Physical Exam Whole Life Insurance - Good Deal or a Scam?
By: Joe Stewart | 06/03/2007 | Finance
Free Finance articles for use on your Finance related website. Find articles of the subject of Finance

Lighting For Paintings
By: Russell Neal | 07/08/2008 | Art and Entertainment

Insurance Rate Methods
By: Joseph Kenny | 02/11/2005 | Finance
Free Finance articles for use on your Finance related website. Find articles of the subject of Finance

Car Insurance - What is the Cost of Being Uninsured
By: Danielle Fletcher | 12/05/2008 | Insurance

Cheap Medical Insurance
By: Joseph Kenny | 26/01/2006 | Finance
Free Finance articles for use on your Finance related website. Find articles of the subject of Finance

Helpful Tips for Those That Need an Affordable Dental Plan
By: Joe Stewart | 21/03/2007 | Finance
Free Finance articles for use on your Finance related website. Find articles of the subject of Finance

Got a Question? Ask.

Ask the community a question about this article:

Frequently Asked Questions

Jersey oil product south amboy nj.I want to know ...
By: epierre | 28-08-2008
jersey oil product south amboy nj.I want to know the name of the insurance co.for their vehicles

Illegal immigration policy
By: SusanB | 26-08-2008
Where can I read the policy on illegal immigration that was outlined 2 1/2 years ago by the Western Conference of Governors?

My lease expired May of '08, however they also ...
By: Kezden | 25-08-2008
My lease expired May of '08, however they also failed to send me a renewal form to sign at that time. I did however receive a notice of renewal in February about the rate increase and that my lease was going to expire. I pay an extra amount to lease a washer and dryer $40. I finally purchased my own washer and dryer near the end of July and had them swap them out. Now mind you I've been paying the normal amount during this time. 2 days after I finally receive my renewal notice for the new rate with the $40 removed. Last week (08/18/2008) I received a notice stating that I still owe $140 because of "underpayment of several months". I spoke with them about this and that ended up being a calculation error, they didn't know when I had swapped my W/D out and it ended up being around $80 instead. Should I pay this even though they never had me sign a new renewal until 3 months after?

What is the address of the U.S Department of State ...
By: Dolly | 23-08-2008
What is the address of the U.S Department of State in miami where I can renew my passport ??

Licensed insurance agent non resident license
By: Denise | 23-08-2008
I hold an non resident life and p& c license in California and a resident license in Arizona. My renewal of my California license is due Aug 31, 2008; due to financial issues I will not be able to pay by the due date. What is the late fee associated with both licenses? Also can I pay one license when it is due and the other license two weeks later?

Link Exchange
By: dwp_ins | 22-08-2008
Is there anyone who knows anything about link exchanges between individuals who have websites. I currently have a great insurance website that has helped a lot of people save money but I need to know how to get more traffic to my site. Is link exchange a good option for me to market my site.

Q&A Powered by:

Latest Finance Articles

The History of the Global Forex Market
By: Orlando Thompson | 07/10/2008
In this article we explain what the global forex market is and how it came to be this is very insightful information that will help you in your forex trading system choices.

How To Go About Improving Your Credit Score
By: MIKE SELVON | 07/10/2008
While it'd be nice to live a "credit-free existence," it can be difficult to do so in today's world.

Self Directed IRA Possibilities With A Small Business
By: Jerry Glynn | 07/10/2008
It is normally not possible to set up a self directed IRA with a small business. This article describes a little known strategy that can be used in conjunction with a small business.

Understanding Debt Consolidation Loans
By: Richard Greenwood | 07/10/2008
It can be all too easy to end up in debt and especially during the current times of financial uncertainty you may find yourself unable to make repayments. Consolidating your debt can make your debts easier to manage and lower your interest charges meaning you become debt free faster.

Credit Card Comparison
By: Richard Greenwood | 07/10/2008
Credit card offers are everywhere and all claim to out do each other. How do you cut through the marketing talk and understand the key features you need to compare to make an informed decision. Find out with this informative article on credit card comparison.

Shopping For Auto Insurance
By: Brenda Williams | 07/10/2008
When you get your license for the first time before you begin driving you need to get car insurance as it's mandatory to have car insurance while driving. Car insurance can be rather expensive, especially for new drivers which is why you'll need to ensure that you're getting the best...

Taking 100% Responsibility - the Prerequisite for Creating Money & Marriage Success
By: Leslie Cunningham | 07/10/2008
It's a simple concept, to refrain from blaming and complaining, and yet it's a challenge to change a habit, especially one that everyone else has. Like sticking to your diet, when everyone else around you is enjoying chocolate cake. Keep reading and you'll find out how this relates to your marriage and finances. Then I'll share some action steps to help you become 100% responsible for your life.

Retirement Income Investing and Your Portfolio
By: Steve Selengut | 07/10/2008
Brokerage firm monthly statements are designed to promote either fear or greed, depending on the current market environment. Nowhere on your statement can you find numbers that report your net investment, your total working capital, or your true asset allocation. Current and projected income numbers are given little attention

More from Bev Sharpe

How Much do You Value Your Pet?
By: Bev Sharpe | 06/06/2008 | Pets
Our pets are often like our children. We feed them, we look after them and we keep them safe from harm. However, as with children you cannot wrap them in cotton wool and sometimes accidents can occur or illnesses can develop. The cost of treatment can be extremely expensive and that...

Article Categories

Article Marketing

Article Notepad

Stop Duplicate Content

Term Papers

Need Help?

Sign up for our email newsletter

Receive updates, enter your email below

Use of this web site constitutes acceptance of the Terms Of Use and Privacy Policy | User published content is licensed under a Creative Commons License.
Copyright © 2005-2008 Free Articles by ArticlesBase.com, All rights reserved. (0.37, 16)

10 Ways To Save When Renewing Your Car Insurance

Article Comments

Related Articles

Got a Question? Ask.

Latest Finance Articles

More from Bev Sharpe

Need Help?

Site Links

Webmasters

Business Info

Sign up for our email newsletter