Lightbulb Devices to decrease insurance costs
Discussion
Look what I've found on the web about this:
Trackers - almost always reduce the cost of insurance as its more likely to be found if stolen
Dash cams - Some companies will give discounts for these, some dont.
Wives/GF's - does reduce the premium but no idea why. Basically put as many people on the policy with a clean accident/incident history preferably female. Probably something to do with women being "safer" drivers, although Im not so sure. I think the statistics show they are safer, simply because they drive less than men so have less "chance" of having an accident.
Comprehensive insurance - comes out cheaper nowadays compared to third party fire and theft or third party only.
Night parking - a car parked on a road is cheaper to insure than one parked in a garage or driveway. The reasoning behind this is controversial and exhausting but its to do with stealing cars with keys.
Excesses - Higher excesses give you a cheaper price BUT £500 excess doesn't necessarily mean its MUCH cheaper than £100 excess. There may only be £20 discount so its worth playing around
the driver - insurance is directly related to claims. Best not to claim unless you are in the worst of circumstances.
Area - a car in Hackney is going to be more expensive than a car in Yorkshire dales. The idea is to play around with policy addresses if you have parents/relatives. My brother in law has his policy at my house but his car is "kept" at his house in Manchester. Reduced premiums by circa £1k.
Trackers - almost always reduce the cost of insurance as its more likely to be found if stolen
Dash cams - Some companies will give discounts for these, some dont.
Wives/GF's - does reduce the premium but no idea why. Basically put as many people on the policy with a clean accident/incident history preferably female. Probably something to do with women being "safer" drivers, although Im not so sure. I think the statistics show they are safer, simply because they drive less than men so have less "chance" of having an accident.
Comprehensive insurance - comes out cheaper nowadays compared to third party fire and theft or third party only.
Night parking - a car parked on a road is cheaper to insure than one parked in a garage or driveway. The reasoning behind this is controversial and exhausting but its to do with stealing cars with keys.
Excesses - Higher excesses give you a cheaper price BUT £500 excess doesn't necessarily mean its MUCH cheaper than £100 excess. There may only be £20 discount so its worth playing around
the driver - insurance is directly related to claims. Best not to claim unless you are in the worst of circumstances.
Area - a car in Hackney is going to be more expensive than a car in Yorkshire dales. The idea is to play around with policy addresses if you have parents/relatives. My brother in law has his policy at my house but his car is "kept" at his house in Manchester. Reduced premiums by circa £1k.
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