More ways to cut the cost of cover

DO not just accept the insurance quote from your existing provider – or be lulled into the ease of auto-renewal. Six million motorists could save up to £200 a year by switching. Use a comparison website such as GoCompare to see if you can get a better price. Then, call your existing insurer to see if it can beat the offer. You may be pleasantly surprised.

GET a black box. Insurers can knock up to 20 per cent off premiums if you are willing to have a telematics tracking device fitted in your car. The technology monitors your location, driving style and speed – hopefully making you more cautious behind the wheel, so cheaper to insure. Firms install boxes for free or a £100 one-off fee. The palm-sized tracker is typically put out of sight under the dashboard.

PROTECT a no-claims bonus. A five-year, no-claims bonus can shave up to 75 per cent off your premiums so is worth keeping. It may also be worth protecting this bonus by paying an extra £25 a year.

THE cheapest quote is rarely the best. You may find any rock bottom deal comes with a high excess – £500 plus. This will wipe out any savings if you are involved in an accident, even if it is not your fault. Look at what is included in the policy – such as medical and legal cover and car breakdown. Other extras may include replacement of lost keys, stereos, windscreens and courtesy cars. Fully comprehensive insurance is the best because it offers cover if the accident was your fault – or that of somebody else.