A bigger voluntary excess could lower your car insurance premium
On most comprehensive policies (and some third party fire and theft policies) you will be given an option to change your voluntary excess when completing an online car insurance quote.
By increasing your voluntary excess, the insurer will likely reward you with an additional discount on your premium. Insurance is ideally designed to cover more serious claims - not your typical car park scratch, so you'll also be less tempted to make a claim which could affect your no claims discount.
Don't go overboard with your voluntary excess, though. Only go as high as you can comfortably afford to pay. The discount will likely be a percentage off the original premium, so is more noticeable on the higher premiums. Try a few different excesses on your online quotes for car insurance and see which offers you the best return.
Remember that to keep any online discount that you are given, you will most likely have to purchase the policy online, rather than over the phone.
Our full list of car insurance providers who provide online quotations can be found here.
- Buy online - the easiest and most obvious one! Most insurers offer some kind of incentive for you to buy online. Click here for over 30 online car insurers.
- Shop around - it's a free and very competitive market, so don't be afraid to shop around and see who can offer you the best service at the best price for you.
- Vehicle security - some insures will apply discounts for approved alarms, immobilisers or tracking devices on your vehicle. Check out the options while you are completing your car insurance quotes.
- Keep all your eggs in one basket - insurers like customer loyalty and will likely reward you for having multiple polices with them.
- Take the right level of cover - consider the value of your car when choosing a level of cover. Is an insurer likely to write your car off instead of repairing it on comprehensive cover?
- No claims discount - you've earned it so try and keep it. NCD has a huge impact on your premium. Only claim if you really have to. A scratch is easily fixed by yourself or a friend and really shouldn't warrant a claim.
- Ditch the kids! - 'fronting' a policy for your children no longer makes financial sense.
Provider of the Month
