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5 Sneaky Ideas For Cutting Car Insurance Costs

September 4th, 2021 Posted in Money Tips, motoring
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Car insurance is one of those things you hate to pay but can’t avoid. You need to have car insurance to drive your car on the road, but it can be painfully expensive. Certain factors influence the costs that can’t be changed by you at all. For instance, your age and gender will play a huge role in how costly your premiums are. Younger drivers tend to have higher premiums because they present larger risks, as do men. 

Having said that, there are plenty of other factors that can be influenced by you. Here are some sneaky ideas for cutting car insurance costs:

5 Sneaky Ideas For Cutting Car Insurance Costs - couple driving an old car
Photo by Rachel Claire from Pexels

Become a more cautious driver

Does this mean you have to drive everywhere at a snail’s pace? No, it means you start driving with a bit more caution and sense. Avoid speeding all the time, don’t get distracted while you drive, and certainly, never drive while under the influence. Cautious drivers have cheaper insurance premiums because, guess what, they get into fewer car accidents. Car insurance providers see this squeaky clean record, recognize the driver is not a risk, and provide a cheaper premium. 

Avoid making insurance claims

Speaking of insurance providers and car accidents, the number of claims you make will impact your premium. Claiming compensation will mean your premium increases. This is simply because car insurance providers don’t actually want to provide you with compensation. It’s money out of their pocket, so they’d rather not give it to you. To compensate for this, they will charge a higher premium for people that keep on making claims. In their mind, if they have to keep forking out cash, so should you!

Furthermore, insurance providers often give people a no claims bonus. Effectively, for every year you’re with the provider and don’t make a claim, you get a bonus, lowering the cost of your premium. So, what should you do if you get into an accident? Instead of claiming through your insurance, it is better to find compassionate car accident attorneys that can handle things for you. By making a legal case, they can help you get compensation while protecting your no claims bonus!

Drive less

The more you drive, the more expensive your car insurance will be. Yes, this sounds ridiculous, and it’s another insight into the crazy psyche of the insurance provider. In their heads, people who spend more time driving will have more opportunities to be involved in accidents. It kind of makes sense, but it’s yet another reminder that car insurance providers really aren’t your friends. 

So, if you drive less, you present yourself as a lower-risk driver. Therefore, insurance providers will give you a lower premium. The more miles you have on your clock every year, the more your premium will increase. If you work on decreasing these miles, the opposite will happen. 

5 Sneaky Ideas For Cutting Car Insurance Costs - blue Smart car image
Photo by Mike from Pexels

Change your car

Some cars are much cheaper to insure than others. This is down to a series of factors, such as how expensive the cars are to repair or replace. Sports cars are also very expensive to insure because they’re really fast and therefore more dangerous. The larger the engine, the more costly the vehicle tends to be to insure. 

On the other hand, smaller cars with less powerful engines are the cheapest cars to insure. This is because it doesn’t cost too much to repair or replace the parts, and they are generally lower-risk vehicles. 

Add another driver to your policy

This one is for the younger people out there who have just passed their test and started driving. You’re probably comparing insurance quotes and wondering how on earth you can afford anything. As a young and new driver, your premium will be expensive. 

To counter this, you can add another named driver to your policy if they are going to use the car as well. A more experienced driver will be able to lower your policy as the insurer goes oh, okay, there’s someone responsible driving this car as well. You can only do this if the other person is going to drive the car as well as you. It is a form of fraud to name someone else on your insurance policy if they aren’t driving your car. 

To sum it all up; drive sensibly, avoid making insurance claims, spend less time driving, choose a more suitable car to insure, and add another driver to your policy. Do all of these things, plus the obvious tip of comparing quotes from different providers, and you will cut car insurance costs. 

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How To Save Money As A Driver

February 25th, 2021 Posted in Money Tips
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Owning a vehicle of any kind, such as a car or a motorcycle, is a costly thing to do. You need to factor in costs for fuel, for insurance, for maintenance, for taxes, for parking, and sometimes for storage too. Yet for many people, it would be impossible to carry out their daily tasks – including heading to work – without a vehicle. The good news is it’s possible to save money when you’re a driver by implementing a few changes and paying attention to what you need to do. Read on to find out more.

How To Save Money As A Driver - car maintenance image
Image by Ryan McGuire from Pixabay

Maintenance 

One of the biggest costs associated with owning a vehicle is maintenance. Having your car or motorcycle tuned up at least once a year will ensure that it runs more smoothly and lasts longer, so it’s a good idea to have it done (and it might be a contractual requirement of your insurers or the company you are leasing or buying the vehicle from, so you must check this out). 

The problem is that paying out for this work to be done once a year and sometimes more depending on how many miles you drive is expensive, and when there is nothing wrong with your vehicle, it can seem like a waste even if you know that it’s potentially preventing a bigger problem in the future. 

To keep costs down when it comes to the basic maintenance of your vehicle, you can do it yourself. Even if you’ve never looked under the hood of a car and you don’t understand the workings of a motorcycle’s engine, you can learn what you need to know. You can also purchase any equipment or parts like BMW engine parts online, ensuring that you always have what you need. Of course, major repairs and more complicated jobs should be done by an expert, but the smaller stuff can be done at home for a fraction of the cost. 

Change Insurers

Another big cost for vehicle owners is insurance. It’s a legal requirement so you can’t go without (if you do you risk fines or even disqualification from driving), but it can cost a lot of money each year, even if you pay it monthly. The more claims you have made, your age, and even where you live can all have a bearing on the cost of your insurance, but did you also know that the cost is not set? In other words, you can shop around for a better deal when you need to renew your policy. 

If you choose to do this, you may well find that a different insurer will sell you a policy for much less than you’re paying right now. Remember, though, that you’ll need to ensure the level of cover is the same if you want a really good deal. 

Change Your Tires 

You might not realize it, but your tires might be costing you money. If you have uneconomical tires on your vehicle, your fuel consumption will be higher, and, simply put, that means you’ll be topping up the tank much more often. Switching your tires to more economical ones means that you’ll save a lot of money on fuel over the year compared to not changing the tires.

You might be put off from doing this because the tires you need to change to are more expensive, but the fuel savings should offset this issue, and since the tires should last for several years, will make you money in the end. 

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Does Being Underinsured Truly Save You Money on Your Car?

June 7th, 2019 Posted in Money Tips
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Insuring your automobile can be a financial burden. In America, insurance is the third-biggest expense associated with car ownership, as illustrated in the Carsurance’s infographic.

Actually, it can set you back more than maintenance. Allotting a larger slice of your budget for auto insurance, a product you may never use, than for regular vehicle upkeep, which is of utmost importance, can be a hard pill to swallow.

Even worse, many non-driving qualities can inflate your car insurance premium. The younger you are, the higher your payment will be. Although it goes down incrementally as you mature as a person and gain more experience as a driver, it is likely to increase again after your mid-50s.

Apart from your age, your gender may be a liability too. Being a male can place you at a disadvantage, for men in general are more reckless on the road than women.

Your place of residence or work may play its role in driving your auto insurance premium up. Commuting in a location with high traffic volume or with crime rate does not give your insurer incentive to charge you less.

If you are like many private vehicle owners, you probably buy auto insurance with minimum liability coverage in hopes of saving money. Doing so does not break any law, but it can render you underinsured since your insurance may be not comprehensive enough to pay for all of your financial obligations in case of an accident.

While being underinsured can shrink your insurance payment, the benefit may be short-term only. If you get involved in a car crash, your insufficient insurance coverage will force you to pay the remaining expenses out of your pocket.

This gamble may not be worth the trouble. Considering the prospect of financial distress in the event of a collision, especially when you are found culpable for the incident, increase your coverage limits and raise your deductible to get more value for your money instead of risking being underinsured. This way, you can get more reliable coverage and receive a discount at the same time.

To learn more ways to save money on your auto insurance properly and effectively, check out the infographic below!

Does Being Underinsured Truly Save You Money on Your Car? - car insurance infographic
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You Could Be Entitled To These…

July 3rd, 2018 Posted in Money Tips
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People often think that they’re entitled to a lot more than they actually are. It’s a common issue that the wider public seems to have, and it’s an issue that doesn’t seem to be dying out. However, for all of the things that we’re really not entitled to in this world, there are some that we just might be. We’re talking about money here, and there are plenty of opportunities that you might be missing out on, just because you don’t think you’re eligible. Now, when money is such a rare thing to have it would seem, you’re obviously going to want to know all of the things that you might actually be entitled to. So, we’ve cut out a bit of the hard work for you, and we’ve picked out some ways that some of you are going to be entitled to getting a bit of extra money, without you necessarily having to do much about it!

You Could Be Entitled To These... - money growing in your hands image

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Management Rights

If you haven’t explored the revenue that management rights could give you, then we really think you should start looking into them now. They’re the perfect way for you to make more money, without having to go far, or even do too much work. If you haven’t heard of it before, it’s where you buy the rights to the management and maintenance of a building, usually a block of apartments or a business offices. You then have the right to maintain the building, and make a profit from it. Whether it’s you that’s maintaining the building or not, you’re still going to be making a profit from it, think of it as a mini business investment. There are plenty of buildings dotted around, some are probably in your local area. But they will all differ in the revenue that it’ll allow you to make, so make sure that you’re picking the one that’s best going to suit you. Management rights for sale isn’t a common venture to most of you, so you know you won’t have competition. It’s not like a business, where you do have to compete to get your revenue, it’s just your own little way of making money, but you do obviously have to put a lot of time and attention into maintaining the building. All complaints would come to you as well, so it’s wise that you develop some of your customer service skills, as well as your knowledge as to what goes into maintaining a business.

Salary Increases

If you don’t ask, you don’t get. That’s one of the main mottos you should live by in life. With work, some places of work are going to support you, increase pay, increase opportunities etc. Some places of work are going to be the exact opposite. It’s very much a world of favouritism, business, so you need to learn to ask for what you want in some circumstances. If you know that someone who is doing the same role as you, and has worked there for a similar amount of time, is getting paid more than you, it’s likely that you’re due a pay rise! However, you need to make sure you’re being smart about this. If you go to your manager and say that you know how much someone else is on, you could get the both of you in trouble for speaking about your wages. It should tell you in your contract whether this is forbidden or not. Rather than walking up to them and saying you know how much this person is on, tell them that you feel you deserve a pay rise due to your hard work, and your commitment to the company. You also might be due a salary increase if your contract says that you’re allowed an increase every so often. It’s often overlooked, because we’re sure that there aren’t many of you that have actually read the fine print of their contract. But if you look, a lot of them will say that you’re entitled to yearly increases, or even just a bonus. It might be something that’s worth checking out, if you still have a contract.

Money Back

Think about the purchases that you’ve made over the years. We’re not just talking about the ones that you’ve made during your weekly shop, we’re talking about the big spenders, such as your bills. Each time you take out a contract with a new bill, you’ll be given a quote for the amount of money that you’ll need to pay each month. If this is fixed, there could be a chance that you’re actually overspending, meaning the company you’re with should be giving you some money back. But as much as companies like taking your money, they don’t like giving it back, so this might be something that you’re going to have to dig deeper about. Some companies however, will give you a refund when the end of your agreement runs out, but it’s always good to chase things up to make sure that you’re getting what your entitled to.

Car Insurance Reductions

If your car insurance premium is about to expire, then we know you’re going to have either had a renewal letter or email, stating what price that company is prepared to give you. This price should not be listened to. Half of the time, you’ll find that the quote they’ll send you will be even higher than the price you’re paying at the minute, even though you’ve done nothing to suggest that the price should go up! It makes no sense to us, but we do know that you shouldn’t listen to your renewal price. Always make sure you’re using different comparison websites to make sure that you’re getting the best deal that you possibly can. It might also be worth ringing up the company you’re currently with, and asking them why your renewal price is so high. You can also say you’ve had quotes for a certain amount, and they might be inclined to reduce their offer to match the others that you’ve received

So, you’re entitled to more than you think you are, aren’t you! Make sure that you always chase down money opportunities that’ll benefit you! http://credit-n.ru/trips.html

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Do More Than Insure

July 25th, 2017 Posted in Money Tips
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Tips for car insurance, do more than insure - night driving image

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Everyone knows that the roads can be a dangerous place. This is why it’s a legal requirement to have insurance on your car in most places. This sort of cover protects other drivers from your mistakes, giving them a chance to have their car fixed without relying on you to have the funds to do it. As the roads get more populated, though, they are getting even more riskier. The lengths that you can use to protect yourself are becoming more varied and reliant on tech. To help you out with this, this post will be going through some of the best ways to compliment your insurance, ensuring complete security on the road.

Nowadays, it’s becoming much more common for legal battles to come out of car accidents. When people get hurt, they will often try to claim compensation for any time they’ve had to spend out of work. Unfortunately, it’s impossible to test someone for whiplash. So, if you get into an accident, people will often claim to have this affliction without any evidence at all. Protecting yourself against this sort of behaviour is nice and easy, though. Video is the considered to be the greatest evidence you can have. It provides definitive proof as to whether or not you were at fault during an accident. Dash cams have become incredibly cheap in recent years, providing you with the chance to pick one up for nearly nothing at all. Just take a look at websites like Amazon and eBay to find the cheapest examples.

Of course, you can’t just rely on video to get you out of a jam. Instead, it’s best to go even further with this effort. Legal professionals come in loads of shapes and sizes, with some offering the best protection against theft or assault, and others being better at helping people with car accident claims. It’s important to choose the right person to help you at this stage. You can’t just choose any car accident lawyer and hope for the best; research has to be done. Use online reviews and testimonials from other clients to find out which of your local lawyers would be best to represent you. Some professionals will be happy to travel to serve their clients, so it’s worth looking quite broadly.

Do more than insure, tips for car insurance - Japan night driving image

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Sometimes, the best way to protect yourself on the road is by learning how to drive defensively. Most normal driving courses don’t really teach you how to drive. Instead, they simply give you the basic knowledge you need to pass the test. Most people will pick up the rest of the skills they need in the first few years of driving, leaving it to their own instincts and habits to shape them. Unfortunately, this can lead to poor driving and struggling to get through difficult situations. To solve this, advanced driving courses can be taken, offering the chance to improve your driving and get better on the road. This is one of the best ways to protect yourself but will be most effective with your other lines of defence.

Hopefully, this post will help you to understand exactly what can be done when you’re trying to make driving more secure and safe for yourself. Along with helping you, these methods can also help the drivers around you. By making a conscious effort to improve your driving, you will have more success than you expect. http://credit-n.ru/offers-zaim/fastmoney-srochnyi-zaim-na-kartu.html

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