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Car insurance is an unavoidable cost if you’re going to take to the road. The cost of a policy can vary as a result of multiple factors, from the car you’re driving to how many years on the road you have under your belt. Luckily you can easily cut the costs of your policy, just follow our tips below.

Get A Black Box

If you’re new to driving, car insurance policies can be pricy because of
your lack of motoring experience. One way of demonstrating you’re safe (and
lowering your premiums) is to sign up for a black box insurance policy. 

A black box is a small computer that’s fitted to your car to monitor how
you drive, relaying the information back to your insurance provider. These devices
rely on satellite technology to build up a record of your driving habits. This
includes how aggressively you accelerate and brake, whether you speed and what
time of day you’re active.

Once you’ve taken out a black box insurance policy your insurer will
organise for a third party to install it in a place that’s out of sight, such
as behind your dashboard.

By opting for a black box, you’re likely have lower premiums in your
first year, and your insurance costs may be cut further after a year behind the
wheel. This is a tactic that rewards consistent driving, so it should also help
you to learn some good motoring habits.

Make Annual Payments

As with most other insurance policies, you have the option of either
paying for your car insurance on an annual or monthly basis. When divided into
monthly payments, it’s a smaller immediate outlay, helping you to spread the
costs, but can be more expensive when paid this way.

By selecting a pay monthly plan, you’re effectively signing up for a
12-month loan from your insurance company. This often means paying for fees
alongside the interest rate to cover the premium. Your insurance company may
even carry out a credit check before they agree to the monthly plan
alternative. If you’ve got a low credit score, then you may have to pay a
higher rate of interest, or the lender may even withdraw their offer of a pay
monthly option.

If you can afford it, a one-off annual payment is one of the best ways to
lower car insurance costs because it means you don’t have to pay any interest
on the policy. It’s been calculated that you could save
as much as £200 on your policy if you decided to pay up front.

Park Somewhere Safe
Overnight

When calculating your car insurance policy, an insurer will always
consider where you park your car. If you’re wondering how to make car insurance
cheaper, it’s always worth remembering this is a factor you may be able to control.

Car insurers are keen to know your parking habits, so they can factor in
how safe your car is. Locking your car up in a garage overnight might seem the
safest place for your pride and joy, but an insurer
might not quite see it that way.

They’ll consider the fact that it could potentially pick up some scrapes
as you drive in and out. With that in mind, a carport
is seen as the policy maker’s pick. A private driveway is also a popular
spot with insurance companies, and could see your policy come in at almost half
the price it would be if you parked your car on the street, out of sight of
your property. 

Get A Dashcam

An accident on the road can happen at any moment, and in the heat of the
moment it can be tricky to gauge who was responsible for the incident. That’s
where a dashcam comes in handy to capture footage of your time on the road,
recording both your driving and other motorists around you.

Installing a dashcam
and collecting footage from your journeys may earn you a discount on your car
insurance. Companies look favourably on drivers who have a device fitted
because it shows that they’re willing to document their driving. 

Insurance companies are most likely consider reducing your rate if you’ve got a dashcam that operates GPS tracking and has a location setting in place, because the more information an insurer and the authorities have about an accident the better.

If you’re involved in an accident or incident, and your dashcam
footage proves that you weren’t at fault, it can save you from making a
claim on your insurance policy, preventing your premiums from increasing. The
authorities request that if you want to report the dangerous driving of other
motorists in your area, you should submit footage to the National
Dash Cam Safety Portal. 

Now that you’ve discovered how to save money on your car insurance, make
sure that you’re also keeping your car well maintained. Here at Euro Car Parts, we stock over 130,000
car parts and accessories for all makes and models.