Clever ways to keep your insurance premiums down 

All opinions are mine and mine alone.

Clever ways to keep your insurance premiums down 

The cost of car insurance is always rising. Whether you’re here in Australia or you’re on the other side of the world, insurance premiums have a habit of increasing our travel costs tenfold. Whether you’re a new driver, you’re a young motorcyclist, you’ve previously had a crash or you have a vehicle with a large engine, there are a variety of factors that could be keeping your car insurance costs high.  You can get a term life insurance quotes and see what it gives you.

It’s frustrating, to say the least, however, it’s important to recognise the value of vehicle insurance. Finding the right policy for you and your needs is easy with a Qantas car insurance quote, whether you need fully comprehensive cover, third party property fire and theft or third party only, a tailored made policy will provide you with total peace of mind whilst you’re on the road.  

So, what can we do to reduce our travel costs? Read on for clever ways to keep your insurance premiums down. 

Pay it off all in one 

There’s nothing more daunting than a bill with a large figure on it. And we all take comfort from the option to stagger the payment and break it down into manageable monthly chunks. While this approach is popular, you could in fact be paying more. Some businesses, products and services offer a discount when customers choose to pay by direct debit, however, when it comes to insurance costs, spreading your payments across the year could end up costing you more.  

If you want to reduce your insurance premiums, consider paying for your coverage in one lump sum. This practical solution gives you peace of mind that you’re covered and you don’t have to worry about incorporating the cost into your budget until next year.   

Be wary of auto-renewal 

Even if you’re happy with your coverage if you want to save money on your insurance premiums be wary of allowing your insurance cover to roll over and renew automatically for another year. Get in touch with your insurance provider and speak to them about any potential discount or deal they can offer you as a current customer. The results may surprise you!  

Take a defensive driving course 

You may have just passed your test or have been on the road for several years. Regardless of your experience, there’s always something new to learn and insurance providers are more likely to provide discounts to drivers who are invested in road safety and safer driving practices. It makes you less of a risk! Speak with your insurance provider about any discounts that may be available to you by signing up for a course. 

Keep things simple 

A large vehicle with a powerful engine looks great and feels good to drive. However, it might not be great for your wallet. Larger vehicles with powerful engines simply cost more to insure than something smaller and much more modest. If you’re serious about keeping costs down, then you may have to put substance over style!   

Final thoughts… 

The cost of living is always rising, and our salaries are struggling to keep up. It makes perfect sense to search for ways to reduce your monthly costs. Start searching for a better and cheaper insurance provider, today!