Keep down the cost of your motor insurance without compromising your cover – here are some handy tips from Glenside Finance!
Enlisting help to find a better deal.
If you’ve found it difficult to keep down the cost of your motor insurance, it may be a result of one or more factors that can hike the price of your policy, such as a history of claims, accidents or even a medical condition that affects your driving.
Whilst comparisons work well for most, not many drivers are aware that they can enlist the help of a broker to find a good deal on their insurance. You can find a broker by searching the British Insurance Brokers’ Association. They can often beat the quotes provided directly to the customer.
Try to negotiate a better deal with your existing insurer.
If your policy is due for renewal, this is your opportunity to haggle. Use comparison sites to get some competitive quotes, then ask your insurer to beat these deals to retain your custom. If you don’t ask, you don’t get!
Don’t miss out on cash-back.
Sites such as Quidco and Topcashback work by promoting products and services. When an insurance policy is purchased via a link on their website, they earn a commission. They then pass some or all of that commission on to the customer as cashback. You can earn as much as £60 by purchasing your insurance policy via one of these sites.
The cashback is usually paid several weeks after the purchase to ensure that the customer does not cancel or fail to pay for their insurance policy.
It’s always best to obtain the best policy to suit you AND THEN look for cash-back offers as a bonus.
Buy a policy that will cover you best when the worst happens.
Although it’s good to make a saving, ensure that your policy offers a good level of cover. Thoroughly read through your policy documents before completing your purchase to ensure you’ve completed everything correctly. Providing incorrect information can invalidate any claim.
Here at Glenside, we ask our customers to choose a policy with fully comprehensive cover. Giving you peace of mind in the event of an accident, incident, or theft. Protecting your pocket from costly bills.
Don’t choose an excess value that will be unaffordable to you in the event of a claim. Raising the price of your excess will reduce the overall cost of your insurance policy: but remember, if you need to make a claim, the insurance company will only pay out claim that exceeds the value of your excess.
Always ensure that the policy provider is FCA registered. They should make this clear on their website, however, you can always check if a firm is registered by searching their name on the FCA website.
Don’t invalidate your claim.
Remember, when you sign up to an insurance policy, you are agreeing to maintain and drive your vehicle under certain conditions. If you failed to stick to this agreement, you could find that they won’t pay out in the event of a claim.
- Only allow people named on your policy to drive the vehicle.
- Only drive the vehicle for purposes listed in your policy: do not use it for business purposes unless you have a business policy.
- Drive safely, within the law and ensure your licence is valid and up to date
- Report all accidents and incidents promptly to your insurer.
- Keep the vehicle serviced, well maintained and secure.
- Let your insurance company know if you plan to take the vehicle abroad.
