With car insurance costs set to rise yet again, many motorists are keen to hear about ways to cut their premiums. Although there are still some powerful ways to control your insurance costs, there are just as many which could prove a waste of time at best and illegal at worst.Some commonly used methods to try and reduce the cost of car insurance are listed below.
Steer clear of all three and you'll not only avoid breaking the law but might save yourself some haier ac swing motor price money too.FrontingFronting is a simple money-saving tactic: instead of a driver who would face high premiums (such as a young male) taking out insurance in their own right, a lower-risk person (such as a parent) takes out a policy and then names the high-risk driver as an additional driver. As far as the insurance company is concerned, the high-risk driver is likely to only use the car occasionally, so it offers a considerably lower premium, potentially saving thousands of pounds.
The only problem with the fronting tactic is that it's illegal. Giving any false information on an insurance application constitutes fraud, and this includes listing the primary owner and user of a vehicle as an "additional driver". Not only that, but the moment the insurer finds out, the policy becomes void leaving any driver on the policy uninsured, unprotected and potentially liable to prosecution and ceasure of the vehicle.
Stay With The Same InsurerWhether it's because of lethargy or lack of time, many policyholders allow their car insurance cover to automatically renew without checking to see if they could get a better deal first Others, surprisingly, renew with their existing insurer because they mistakenly assume that moving to another provider will mean sacrificing their accumulated no-claims discount.In fact, insurers are required to transfer your no claims discount history, and the old insurer must provide a certificate to confirm this. In other words, if you have three years without a claim under one insurer, another insurer will quote you in the same way as if you had been their customer for three too.
Where the confusion lies is in no-claims protection, which involves paying an extra amount at the start of the year, after which the first crash (at least) will have either no effect or a reduced effect on your no-claims history. If you do make a claim that is covered by this protection, the claim may still be counted by another insurer as impacting your no-claims record.Swap Your Car For A Cheaper ModelIt might seem to make sense to downsize your car in the hope of saving on premiums, but this isn't always effective. It's not just the inherent size or power of your car that decides the premium, but simply the potential costs of repairing damage. There are multiple factors at play, including some more obscure ones such as how widely available spare parts are for a particular model. Sure, a Maserati will usually cost more to insure than a Mini, but when it comes to two similar vehicles, it's not always easy to guess which will be cheaper. If you really want to find out which car would be cheaper, try running a price comparison quote online, but bear in mind you'll usually need a genuine license number of a car that fits the specific make and model you are considering buying.