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Five of the best ways to lower your insurance

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Protect your no claims bonus at all costs and drive carefully

 
Protect your no claims bonus at all costs and drive carefully

It's obvious, but many drivers fail to understand that the best way to lower the cost of car insurance is to drive carefully and build up a no claims bonus. You can minimise the chances of being in an accident by avoiding peak times, avoiding driving at night, and understanding the rules of the road and keeping within the law (ahem, no speeding) and reading the Highway Code.

Of course, sometimes an accident cannot be avoided. Whether it is your fault or not, if you are involved in a car accident you should notify your insurance company immediately and ask straight away about whether or not this will affect your no claims bonus. If it will, you're out of luck. It is the fear of being involved in a car accident that is fuelling the take-up of no claims bonus protection with car insurance, which is designed to protect you in the event of being involved in a collision with an uninsured driver; we highly recommend that you take this out when you renew your car insurance.

Some insurers will offer no claims bonus protection once you have built up 3, 4, or 5 years no claims, and some policies will protect your no claims bonus in the event of any collision.

Above all else, just drive carefully, and anticipate the actions of others motorists as best you can.

Another reason you should drive carefully is because endorsements such as penalty points will cause your insurance to creep up. It is the codes of your endorsements which will determine how much car insurance will go up by. SP30, exceeding statutory speed limit on a public road, and SP50, exceeding speed limit on a motorway, are the least likely codes to increase car insurance significantly. 

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