Money Magazine Australia - - FAMILY MONEY -

Have more than one car in­sured at your ad­dress? Com­bine cars on one pol­icy to re­ceive a multi-ve­hi­cle dis­count.

How much do you drive? Re­duc­ing your mileage – or how of­ten you drive the car – can save you money.

Driv­ing an older, less valu­able car? Con­sider drop­ping com­pre­hen­sive insurance in favour of third party prop­erty cover, which will pay for dam­age to some­one else’s car if you have an at-fault ac­ci­dent. Use the sav­ings to self-in­sure – put the money away to re­pair or re­place your ve­hi­cle in the event of an ac­ci­dent.

How of­ten are you pay­ing? Ask whether your in­surer of­fers a dis­count for pay­ing an­nu­ally rather than monthly. Re­move ex­tras such as wind­screen cover for more sav­ings.

Any bonus dis­counts? For ex­am­ple, Shan­nons of­fers a 10% dis­count for named driv­ers with a Con­fed­er­a­tion of Aus­tralian Mo­tor Sport li­cence. Oth­ers of­fer a dis­count for buy­ing on­line.

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