fbpx

5 Sneaky Ideas For Cutting Car Insurance Costs

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. 

Driving Up Savings

How will you afford a new car when your old one is clearly on its last legs and unlikely to make it through another MOT? There’s no magic answer of course, just plain, hard saving but saving doesn’t have to take as long as you might think, particularly if you are covering all the bases.

We take a look at some of the most efficient ways to make savings in your life and reach your goals all the quicker.

Driving up savings - how to save money on your next car - speedometer image
Image by Arek Socha from Pixabay

Contrast and Compare

Maybe you’ve gone on price comparison sites because you’ve needed to find the cheapest pet insurance or because you wanted to find an energy tariff that suited your home and family. While this almost certainly helped you find great deals at the time, you’ve never gone back to them. But many of these sites have useful tools that you can use to find the cheapest supermarket in your area for the kind of weekly shop that you do.

Go on them each week to find out where the deals are and to make sure you’re not missing out on great savings.

Don’t neglect your energy tariffs and mobile phone bills though. You might well find a better monthly deal here too by regularly checking in.

Of course, you’ll need to make sure that you set yourself a realistic monthly budget and that you are also setting yourself a budget for savings on top of that.

Loans

It might be that saving up is going to take far too long and your vehicle isn’t going to make it, in which case you might consider a bank loan or something like a https://www.smilecarfinance.co.uk/locations.php.

Whoever you choose to borrow money from, try and opt for a lender with the lowest interest rate and in any case always try and pay back more than the minimum repayment each month to make a real dent in the amount of capital you’re paying off.

Deals

You’ll also need to think about the type of car you’re looking for. Will it be a brand new model, which has the advantage of coming with various warranties or a second-hand version which, though cheaper, will almost certainly have done a few more miles on the clock?

The key is to do some research into the kind of car you want, keeping an open mind if you can, and how much you plan on spending. Find out the going price for year and model you hit on and take this model with you to your nearest dealership.

With any luck you’ll be able to negotiate down to a price that suits everybody but don’t be afraid to walk away if it looks like it’s going too far out of your budget.

When you are planning on buying a new car and you need some help in getting there in terms of cash, then work out a plan that’s going to work out best for you, whether that’s low interest loan or a commitment to save. Stay within budget and you’ll grab yourself a bargain.

http://credit-n.ru/offers-zaim/vivus-potrebitelskie-zaymy-online.html

Teaching Your Kids About DIY

We all know that the things that you learn from a young age stay with you for the rest of your life. Not only does teaching your kids about DIY give them some invaluable practical skills, it will also help them to save money in the future as they won’t have to hire expensive contractors every time there is a problem around the home.

Teaching Your Kids About DIY - workbench image

Photo Credit

You may just be doing a couple of simple jobs around the house or you may be involved in a major project that requires a steel building from Armstrong Steel. Either way, it is a good idea to teach your kids the basics while ensuring that any tasks that they do take part in are completely safe. Here are a few ideas about what they can do.

Measure Twice, Cut Once

You will probably be well aware of the old adage measure twice, cut once, but accuracy is one of the most important lessons that you can teach your kids so that they don’t have to go back and do a job all over again, which is not financially sound. Teach your kids how to read a measuring tape and make sure that they know to always double check their results. Once they become more experienced, allow them to do the measuring all by themselves.

Drive Screws

Before letting your kids loose with power tools, you will want to make sure that they are mature enough to handle them and the whole process is completely safe. A good starting point is a powered screwdriver which doesn’t spin at the same rate as a drill and the bits aren’t as sharp so it is less dangerous. Make sure that you supervise them well and you can teach them the valuable skills of patience and coordination.

A Lick of Paint

Teaching Your Kids About DIY - paint pots image

Photo Credit

Painting is a great DIY task to teach your kids as it is one of the safest that you can allow them to get on with. To start off with, you can get them enthusiastic about it by heading down to your local paint store and allowing them to pick out the colours themselves. Afterwards, you can teach them all the basics involved in the process including preparing the paint, using different methods (brush, roller etc) and the cleaning up afterwards.

Organising the Toolbox

Though it may not seem as exciting as some of the other jobs that you can tackle, organising the toolbox with your kids gives you the opportunity to show them each individual tool and explain in detail about what they all do. In the future, this will make it much easier when you decide that it is time to teach them how to use them.

Remove Nails

You may think that hammering in nails is a little too dangerous right now, but you could teach your kids to remove nails instead using the other side of the claw hammer. Make sure that they aren’t buried in too deep as this is when things can become a little tricky. http://credit-n.ru/offers-zaim/dozarplati-srochnye-zaimi-online.html

3 Excellent Ways To Reduce The Cost Of Moving House

Nobody wants to spend a small fortune when they relocate their family to a new property. You’ve already agreed to a large mortgage and lots of investment. So, it doesn’t make sense to get yourselves into even more debt. With that in mind, sometimes you just need some advice. The three ideas on this page are tried and tested. They are guaranteed to help you reduce your outgoings and stress levels at the same time. When all’s said and done, emptying your bank accounts just before you move is never a good idea. You need as much cash as possible left over for decoration and renovation work.

Packed boxes - cut the cost of removals image

Flickr

  • Shop around for removals specialists

Packing all your possessions into a van and moving without professional help is pointless. You’ll have to work hard, and the process will take a long time. When you use an expert company, the event can be over in a matter of hours – sometimes less. Just make sure you shop around and look for the best deals. Many of the people working in that industry will offer advice on moving house too. They have lots of experience, and so they are the best people to dispense useful tips. At the end of the day, you shouldn’t end up spending more than a few hundred pounds at most. It’s worth the investment to avoid the hassle, but you don’t way to pay over the odds. So, perform some research and obtain some quotes today!

save money - move at the weekend image

It sounds silly, but some people relocate on weekdays, and that’s a terrible idea. Not only will you have to deal with the stress, but you’ll also lose a day’s wages. The average person in the UK earns around £120 – £180 a day. That means you and your partner could lose out one around £300 if you don’t relocate at the weekend. Sure, the roads are going to be busier, and it might add half an hour onto your completion time. However, you’ll lose a small fortune if you take the day off work, and nobody wants to do that. That is especially the case now you have an increased mortgage to pay.

the financial benefits of buying a new home image

Flickr

  • Buy a brand new house

One of the best things about purchasing a brand new house is that you won’t have to worry about decorating. Most people move into the property and wait a while because it already looks good. The same is not true when it comes to buying homes from other families. If you do that, you’ll have to pay a team of painters to come and customise the property during the first few days. Nobody wants to live in a house decorated to someone else’s tastes. That all costs money, and it causes a disturbance. So, do yourself a favour and buy a brand new home instead. Of course, there are thousands of additional benefits people experience when buying from a developer.

For more tips and information there is a great article here

You should now have enough ideas to make a real difference. The chances are you will still have to spend a lot of cash as you move. However, reducing that amount, even by only a few hundred pounds is sensible. You never know when you’re going to encounter unexpected costs, and so it’s wise to keep some cash spare just in case.