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.