Reducing your car insurance costs
It has taken a while but the recession is now beginning to bite for many people. The cost of driving is one area that is constantly rising and for many people facing tighter budgets the choice between keeping the car and getting rid of it for good has become an issue. The cost of fuel is high and with uncertainty in the oil producing Arab world, is unlikely to drop significantly. car insurance rates costs are also rising, thanks partly to two successive bad winters and a resulting rise in claims. In the poor driving conditions before Christmas last year the AA reported a rise of 23% in claims. This year’s premiums will see the knock on effect of this. However, there are still ways to reduce your car insurance costs and this can mean the difference between keeping the car or not.
Adding drivers Joining forces with your partner can save money on your policy. For households that can manage with one car having both of you on one policy makes sense. Insurers effectively see this as a better spread of risk. Even if you both continue to drive separate cars you can be added as named drivers on each others’ policies. This can be especially effective if one of you falls into a lower risk category than the other.
