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Younger
drivers looking to save on their
car insurance
often opt for older cars, as they frequently cost less to insure than
newer counterparts. However,
when it comes to reliability and safety, opting for an older car might
prove to be false economy.
Legislation in recent years, plus advances in technology, has made
modern cars much safer than older vehicles. With airbags not just in
front of the driver and passenger, but to the sides, plus crumple zones,
modern cars makes suffering serious injury or worse whilst behind the
wheel much less likely. Cars which
have high mileages also present a number of dilemmas. As cars age, they
become less reliable and can be subject to mechanical failures, which
themselves can cost a lot of money to rectify. The car will also be less
likely to pass its MOT. Getting it through its’ MOT could be expensive,
and quite easily could wipe off the savings you’ve made on your car
insurance. However, older less valuable cars are often a good way to pay less for your insurance. Some car makes and models are more reliable and safe than others, so why not investigate the reputation of the car you’re thinking of buying? A full service history and low mileage will also make for a more reliable older car. You should also try and find an example which has recently passed its MOT. There are
a number of other ways in which you could save on the cost of car
insurance.
Avoid modifications Keeping
your car to factory specification will keep your insurance low.
Modifications are deemed to make you more risky for a number of reasons,
including a greater likelihood of being involved in a road traffic
accident, increased appeal to thieves, and the greater cost of replacing
the parts.
Stay out of trouble Your
driving record is a key asset in proving to insurers that you’re safe on
the roads. A catalogue of driving convictions will make your insurance
much more expensive, so it pays to stay to the speed limit and to drive
with care and attention.
Build up your no claims Staying
accident-free will allow you to establish a good no-claims history. This
will also prove to potential insurers that you are not so much of a
liability on the road. Keeping within the speed limit and driving with
care and attention will help you achieve this.
Drive within a fixed mileage Limiting
the amount of miles you drive within a year will reduce the chances of
you being involved in an accident, and as such, save you money on your
car insurance.
Agree to a higher excess Agreeing
to a higher excess (the contribution you have to pay towards a claim)
will make for cheaper car insurance, but make sure it’s set at a level
you could easily afford in the event of you having to call upon your
policy.
Consider your options Think
carefully about any optional extras on your policy, as they can add a
significant amount to the final cost of your insurance.
Shop around There are
plenty of options for drivers when it comes to car insurance, with many
different companies vying for your hard-earned money. To start your
search, why not try a comparison website, which will allow you to check
out insurance deals from many different companies. Always make sure that
you carefully check the policy details as well as the price, as the
cheapest policy option might not necessarily offer the best value or the
cover that you require.
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