- Do I need car insurance?
- Car Insurance Information
- Types of Car Insurance
- Comprehensive Car Insurance
- Comprehensive vs Third Party
- CTP Insurance
- Save Money On Car Insurance
- Switching Car Insurance
- Agreed vs Market Value
- Find The Best Car Insurance
- Tips for First Time Drivers
- Buying car insurance
- Seniors car insurance
- Car insurance excess
- Car insurance Victoria
- Car insurance NSW
- Car insurance Tasmania
- Car insurance ACT
- Car insurance Queensland
- Car Insurance South Australia
- Car Insurance Terminology
Save money on car insurance
When it comes to buying car insurance, getting the best value for your money is the name of the game. Here are some top tips for reducing the cost of your policy, while still making sure it covers all the bases.
Maximise your discounts
Are you making the most of your available discounts? Based on your driving record and claims history, you may be eligible for big savings on your policy.
• No claims bonus. A no claims bonus is a discount based on the number of years you’ve gone without a claim.
• Unadvertised discounts. If you’re a long-term customer, pensioner or over the age of 50, you may qualify for additional discounts. Many insurers don’t advertise these discounts, but don’t be afraid to ask.
• Multi-car discounts. If you’re a multi-car household or have teenagers or adult children living at home, you could save on premiums by combining all the cars under one policy.
• Home owners. Owning a home demonstrates responsibility and some insurers will offer lower car insurance rates to home owners as a result.
• Graduates. It pays to study – some insurance companies will offer special discounts to graduates.
Reduce your risks
Another way to potentially lower your premiums is to reduce your risk to insurers. You could do this by:
• Enrolling in a defensive driving course.
• Installing a security system in your car.
• Parking your car in a driveway or garage instead of on the street.
• Using a carpooling service to reduce your annual mileage.
• Restricting the age of drivers on your policy to people over 30.
As always, be sure to update your policy whenever you make changes that affect your car, as they could also affect the price of your premium.
For example, if you were moving house and your new neighbourhood had a lower incidents of accidents, thefts or vandalism, your premium may reduce.
Of course it doesn’t always work this way, but letting your insurer know about any changes will help ensure your policy remains valid.
Pay premiums in advance
Some insurers add a surcharge to monthly payments. If you’ve already started paying month-to-month, you could avoid further surcharges by paying your premium in full at any time.
Always shop around
While different insurers use similar risk factors for pricing their policies, you’ll often find there are different premiums for the exact same make and model of car.
The only way to make sure you’re getting the best possible deal on your car insurance is to shop around and compare quotes.
Short on time? Break it down fast
We understand you have better things to do than spend hours searching for the right policy.
At iSelect our advisers have the tools and advice to help you find a suitable policy.
Get a quick and easy quote online with iSelect’s car insurance comparison tool, or call iSelect HQ on 13 19 20 and let one of our advisers find you a great policy.