Here at ACC UK Ltd, we like to bring you handy hints and tips on how to maintain your Volvo or Toyota and how to save money on your annual car running costs. We also like to keep you informed of changes to laws relating to driving and car ownership.
The blog this week is about finding ways to try and reduce the costs of car insurance. So feel free to have a read of our top tips and see if you can implement any of them to help to bring your annual insurance costs down for your Volvo or Toyota, or any car for that matter.
Firstly we say you should shop around when it is time to renew your policy. Insurance companies tend to offer really competitive insurance quotes to attract new customers and then hope that existing customers just automatically renew. Have a look on one of the comparison websites to see what quotes come back. If you really do not want to change your insurer then give them a call with your cheapest like for like quote and see if they are willing to match it.
Secondly, make sure that you are quoting your correct annual mileage when taking out cover – it will always be more expensive the more miles that you do so make sure you understand how many miles you do per year – check your last MOT certificate if you are not sure as the mileage will be recorded on there.
When shopping for insurance you may find that fully comprehensive cover comes out cheaper than third party fire and theft. Do some comparisons you may be surprised!
Putting a named driver on your policy may reduce your premiums because car sharing is reducing the risk. However as a parent do not ever be tempted to take out insurance on your childs’ car and then have them as a named driver – this is illegal!
Having a black box fitted as a young driver can also reduce your insurance and encourages safer driving habits.
Having a higher excess on your insurance will also reduce your insurance – however do not be tempted to set it too high as you may find yourself in some financial difficulty in the event of a claim.
After five years of claim free driving it is advisable to protect your no claims bonus, it may cost you a little more money to protect it however over time as you continue to build up the no claims bonus it will save you money in the longer term as insurance premiums will reduce.
If you pay for your insurance monthly there will be interest added on – if at all possible pay for your insurance up front for the year.
The security of your car will help to reduce premiums, parking in a garage over night for example would reduce the premiums or parking on a drive as opposed to the road will also reduce the premiums. Things like immobilisers and trackers will also help to reduce the premium.
Changing your policy mid way through may attract what insurance companies deem an administration fee for changes. You may need to think about that when purchasing a new car and possibly changing your car around the time your insurance is up for renewal may be a safer bet – as you could lose out on a whole year of no claims bonus.
Happy safe motoring folks!!!!
Here at ACC UK Ltd, Winners of The Motor Trader Independent Garage of The Year 2015, The Inspire Customer Service Excellence 2016 Award, The Eagle Radio Customer Focus 2017 Business Award and The Workshop Magazine Workshop Manager of the Year 2017 Award, we pride ourselves on offering an outstanding customer experience for a fraction of the cost of a dealership. Give us a call and let us quote you for your next service or repair on your Volvo or Toyota. We service all areas around Farnborough, Fleet, Aldershot, Farnham, Guildford, Frimley, Camberley, Hook, Sandhurst, Crowthorne, Yateley, Hampshire and Surrey. We offer free collection and drop off services. We also have a fleet of courtesy cars to allow you to get on with your schedule whilst your Volvo or Toyota is with us. Happy Motoring from all at ACC UK Ltd – Independent Volvo & Toyota servicing, repair and MOT specialists based in the heart of Farnborough, Hampshire.