DRIVE DOWN COSTS: How to Save Up to £600 on Car Insurance Premiums
As a driver, there’s nothing more frustrating than watching your hard-earned cash disappear into the pockets of insurance companies. But what if I told you there’s a way to slash your premiums by up to £600? It’s all about asking the right questions.
According to experts, there are three essential questions you should ask before choosing a car insurance plan. These questions can help you determine whether you’re eligible for a “black box” insurance policy, which rewards safe motorists for their careful driving habits.
“Do I consider myself a safe and confident driver?” “Am I comfortable with my data being collected?” “Do I rarely drive at night?”
If you answer “yes” to all three, then a black box policy might be the way to go. These policies use telematics to monitor your driving habits, including acceleration, speed, and braking. The data is then used to calculate your premium, with safe drivers being rewarded with lower rates.
Black box insurance can save you up to £600 on your premiums
But don’t just take my word for it. According to the British Insurance Brokers’ Association, black box insurance can shave up to 60% off your current premium. That’s a significant saving, especially when you consider that the average premium is around £995.
Of course, there’s a catch. If you’re a reckless driver, you might not be eligible for a black box policy. And if you do get one, be warned: punishments for bad driving can be severe. Even doing 25mph in a 20mph zone could land you with extra costs or even a cancelled policy.
So, what’s the takeaway? Ask the right questions, drive safely, and you could be saving hundreds on your car insurance premiums.
Safe driving habits can lead to lower premiums
One driver, Rachael Warren, was stunned to receive a renewal quote 50% higher than the previous year’s price. But she didn’t take it lying down. She shopped around, found a better deal, and then used it as leverage to negotiate a lower premium with her provider. The result? She saved £120 on her premium.
“I would encourage everyone to haggle with their provider before making a switch.” - Rachael Warren
So, don’t be afraid to ask questions and negotiate with your insurance provider. You never know how much you could save.
Don’t overpay for car insurance - ask the right questions and drive safely
