Here are Quotezone.co.uk’s top 10 tips to help get a cheaper insurance premium:

1. Shop early

It’s better to plan ahead and buy your policy early to lock in the price, because premium prices tend to increase the closer you get to your renewal date. Often the optimal time for bagging a cheaper deal is three weeks before the new policy is due to start.

2. Pay annually

If possible, it’s best to pay the entire annual premium upfront to make long-term savings. Insurance providers look at monthly instalments as loans and could have high interest rates.

3. Improve vehicle security

Most vehicles should have an alarm and immobiliser as standard, but it’s worth installing anti-theft devices such as a tracker and dashcam – they will upgrade the vehicle’s security and could get you cheaper premiums.

4. Review your policy

Make sure to only pay for what you need and avoid driving up the premium by adding unnecessary add-ons – such as annual mileage, make sure your estimation is accurate.

5. Add another driver

If you add another driver to the policy, then you may be eligible for a multi-driver discount, plus you can split the cost of the premium.

6. Park in a safe place

Car owners that make use of their garages, driveways or carports for overnight parking can make big savings on their car insurance. Parking on driveways rather than on the road can save you over £140 on average every year.

7. Build up your no-claims bonus

Avoid filing small claims to build up your no-claims bonus. Opting to pay for minor damage out of your own pocket instead of filing a claim can prevent potential premium hikes.

8. Opt for a telematics product or black box

Getting a telematics device or black box fitted allows drivers to showcase their safe driving, which can lead to cheaper premiums. This is a good option for drivers with lower mileage and those with previous motoring convictions.

9. Avoid penalty points

Penalty points on your licence may not only result in a steep fine but can also bump up your insurance costs, too. Drivers can expect premiums to rise by 5 per cent for three points and 25 per cent for six points if they’re starting with a clean licence.

10. Compare everything

Don’t allow your policy to renew automatically or settle for the first insurance quote you receive. You can save time and use price comparison websites to help you compare providers, compare products and, of course, compare prices.

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