While the UK may not exactly find itself mired in the depths of a recession, it families are experiencing seriously diminished spending power. According to the Office for National Statistics, the weekly cost of running a British home reached a staggering £483.80 during 2011, as inflation continued to rise disproportionately to income.
Things have not improved dramatically since then, and the potential for a further economic decline may be too much for the UK to bear. This means that households must be frugal when looking to purchase fundamental products such as auto insurance, with companies such as Autoline providing them with an excellent opportunity to achieve this goal.
Finding the Best Car Insurance Deal: 3 Things to Bear in Mind
Even with this in mind, it is important to seek every advantage possible when attempting to secure low cost car insurance. Consider the following ideas:
- Think Beyond Price Comparison Sites: While price comparison sites undoubtedly serve a worthwhile purpose, they can in fact hinder your chances of securing the most affordable deal. While these resources compare the rates of numerous UK based insurance providers, for example, there are a growing number of firms who choose not to feature within these listings. This is so that they can distinguish themselves from their competition, and encourage you to visit their website on an independent basis. So take the time to conduct your own independent online search, as this will ensure that you do not miss out on a cost cutting deal.
- Add an Experienced Second Driver to your Vehicle: The cost of car insurance can be especially burdensome for younger drivers, although there are ways for those under the age of 25 to reduce their liability. One example is to add an experienced second driver to your vehicle, which instantly improves your standing in the eyes of insurers and diminishes you’re monthly costs. This is a perfectly legal course of action, so long as you remain registered as the primary driver of the specific car that you have purchased.
- Consider an Insurance Policy in Line with the Value of your Vehicle: The value of your car is the single most influential factor in determining your insurance liability, so it is crucial to procure a policy that reflects this. Owners of relatively cheap or second hand vehicles must be particularly weary, as the cost of annual premiums can often account for more than a cars initial purchase price or subsequent resale value. For example, if your vehicle is worth less than £1000 then a third party policy may be the best option, while those who car is valued at less than £500 must avoid seeking fully comprehensive cover.