Top 10 Tips - How to Save Money on Car Insurance
Top 10 Tips - How to Save Money on Car Insurance
13 Nov 2023
How to save money on car insurance is a question every driver asks when renewal time comes around. The good news is, there are proven ways to cut car insurance costs without cutting cover. From building your no claims bonus to choosing telematics, these 10 expert tips from its4women.ie will show you how to reduce your premium and keep more money in your pocket.
With the right approach, saving on your car insurance is easier than you might think. Here are our top 10 tips to cut costs and make sure you’re not paying over the odds at renewal time.
10 Practical Tips to Reduce Your Car Insurance Premium
Save on Car Insurance with its4women Rewards
If you purchase a policy with its4women this year you will earn 50 reward credits, worth €50 to use against your renewal premium next year! Not only can you enjoy €50 online discount off this year’s policy, but you will also get cheaper insurance next year too. Learn how you can refer your friends and earn even more rewards here. It's Win Win!
2. Avoid Using Your Car for Business to Reduce Costs
Using your car for business increases the risk. In other words, the car is driven during the day when it would otherwise be parked up. The more the car is on the road, the more chance it will be involved in an accident. Those drivers using their car for work may also carry goods, samples or equipment which may be stolen and the additional cost to replace such items must be considered.
3. Build Your No Claims Bonus for Cheaper Premiums
The no claims bonus is the biggest discount on an insurance policy – earning the first year makes the biggest difference. It usually results in a significant reduction in the premium.
4. Pay Your Car Insurance Upfront to Save Money
Direct debit incurs additional costs for interest and set up fees. Paying in full avoids these costs. Meanwhile, paying a deposit may also reduce the amount of interest charged as there is a smaller balance to add interest too.
5. Increase Your Voluntary Excess to Lower Premiums
The excess is the amount you agree to pay towards the cost of any claim you make on your car insurance. Choosing to increase your voluntary excess can reduce the amount you pay for your insurance premiums. However, the difference between the increase in excess and reduction in premium may not always be beneficial. Always consider how much you could afford to pay in the event of an accident if you were at fault.
6. Use a Telematics Tracker to Cut Young Driver Costs
A telematics device records and monitors the individual’s driving behaviors. Therefore, an insurer can look at the specific person rather than the bracket they fall into, allowing them to pay appropriately for the risk they pose.
7. Choose a Car in a Low Insurance Group to Save Money
High group and high value cars are more expensive to insure as they are more expensive to repair or replace in the event of an accident. Different models have different features and it is important to know what is included in relation to items such as body kits and built in sat nav devices.
8. Don’t Modify Your Car if You Want Lower Insurance Costs
Modifications increase the risk and cost of the premium. They often result in additional costs in the event of repairing or replacing your vehicle. Performance related modifications can also be difficult to insure.
9. Drive Carefully to Keep Premiums Down
The more years you have with no claims or penalty points, the cheaper your insurance. Claims and penalty points are loaded on an insurance policy as they increase the risk. This is usually calculated as a percentage load.
10. Remove Extras You Don’t Need to Reduce Car Insurance Costs
When you compare car insurance, check whether extras such as courtesy car cover, legal cover and windscreen cover are included as standard, or whether they are add-ons you have to pay for.
Conclusion
Saving money on car insurance doesn’t have to be complicated. By following these top tips — from building your no claims bonus to choosing telematics - you can cut costs while still enjoying the cover you need.
If you’re looking for affordable car insurance Ireland wide, its4women makes it easy. Get in touch with us today for a quick quote and see how much you could save on your next policy.
Get a quote
How to save money on car insurance is a question every driver asks when renewal time comes around. The good news is, there are proven ways to cut car insurance costs without cutting cover. From building your no claims bonus to choosing telematics, these 10 expert tips from its4women.ie will show you how to reduce your premium and keep more money in your pocket.
With the right approach, saving on your car insurance is easier than you might think. Here are our top 10 tips to cut costs and make sure you’re not paying over the odds at renewal time.
10 Practical Tips to Reduce Your Car Insurance Premium
Save on Car Insurance with its4women Rewards
If you purchase a policy with its4women this year you will earn 50 reward credits, worth €50 to use against your renewal premium next year! Not only can you enjoy €50 online discount off this year’s policy, but you will also get cheaper insurance next year too. Learn how you can refer your friends and earn even more rewards here. It's Win Win!
2. Avoid Using Your Car for Business to Reduce Costs
Using your car for business increases the risk. In other words, the car is driven during the day when it would otherwise be parked up. The more the car is on the road, the more chance it will be involved in an accident. Those drivers using their car for work may also carry goods, samples or equipment which may be stolen and the additional cost to replace such items must be considered.
3. Build Your No Claims Bonus for Cheaper Premiums
The no claims bonus is the biggest discount on an insurance policy – earning the first year makes the biggest difference. It usually results in a significant reduction in the premium.
4. Pay Your Car Insurance Upfront to Save Money
Direct debit incurs additional costs for interest and set up fees. Paying in full avoids these costs. Meanwhile, paying a deposit may also reduce the amount of interest charged as there is a smaller balance to add interest too.
5. Increase Your Voluntary Excess to Lower Premiums
The excess is the amount you agree to pay towards the cost of any claim you make on your car insurance. Choosing to increase your voluntary excess can reduce the amount you pay for your insurance premiums. However, the difference between the increase in excess and reduction in premium may not always be beneficial. Always consider how much you could afford to pay in the event of an accident if you were at fault.
6. Use a Telematics Tracker to Cut Young Driver Costs
A telematics device records and monitors the individual’s driving behaviors. Therefore, an insurer can look at the specific person rather than the bracket they fall into, allowing them to pay appropriately for the risk they pose.
7. Choose a Car in a Low Insurance Group to Save Money
High group and high value cars are more expensive to insure as they are more expensive to repair or replace in the event of an accident. Different models have different features and it is important to know what is included in relation to items such as body kits and built in sat nav devices.
8. Don’t Modify Your Car if You Want Lower Insurance Costs
Modifications increase the risk and cost of the premium. They often result in additional costs in the event of repairing or replacing your vehicle. Performance related modifications can also be difficult to insure.
9. Drive Carefully to Keep Premiums Down
The more years you have with no claims or penalty points, the cheaper your insurance. Claims and penalty points are loaded on an insurance policy as they increase the risk. This is usually calculated as a percentage load.
10. Remove Extras You Don’t Need to Reduce Car Insurance Costs
When you compare car insurance, check whether extras such as courtesy car cover, legal cover and windscreen cover are included as standard, or whether they are add-ons you have to pay for.
Conclusion
Saving money on car insurance doesn’t have to be complicated. By following these top tips — from building your no claims bonus to choosing telematics - you can cut costs while still enjoying the cover you need.
If you’re looking for affordable car insurance Ireland wide, its4women makes it easy. Get in touch with us today for a quick quote and see how much you could save on your next policy.
Get a quote
How to save money on car insurance is a question every driver asks when renewal time comes around. The good news is, there are proven ways to cut car insurance costs without cutting cover. From building your no claims bonus to choosing telematics, these 10 expert tips from its4women.ie will show you how to reduce your premium and keep more money in your pocket.
With the right approach, saving on your car insurance is easier than you might think. Here are our top 10 tips to cut costs and make sure you’re not paying over the odds at renewal time.
10 Practical Tips to Reduce Your Car Insurance Premium
Save on Car Insurance with its4women Rewards
If you purchase a policy with its4women this year you will earn 50 reward credits, worth €50 to use against your renewal premium next year! Not only can you enjoy €50 online discount off this year’s policy, but you will also get cheaper insurance next year too. Learn how you can refer your friends and earn even more rewards here. It's Win Win!
2. Avoid Using Your Car for Business to Reduce Costs
Using your car for business increases the risk. In other words, the car is driven during the day when it would otherwise be parked up. The more the car is on the road, the more chance it will be involved in an accident. Those drivers using their car for work may also carry goods, samples or equipment which may be stolen and the additional cost to replace such items must be considered.
3. Build Your No Claims Bonus for Cheaper Premiums
The no claims bonus is the biggest discount on an insurance policy – earning the first year makes the biggest difference. It usually results in a significant reduction in the premium.
4. Pay Your Car Insurance Upfront to Save Money
Direct debit incurs additional costs for interest and set up fees. Paying in full avoids these costs. Meanwhile, paying a deposit may also reduce the amount of interest charged as there is a smaller balance to add interest too.
5. Increase Your Voluntary Excess to Lower Premiums
The excess is the amount you agree to pay towards the cost of any claim you make on your car insurance. Choosing to increase your voluntary excess can reduce the amount you pay for your insurance premiums. However, the difference between the increase in excess and reduction in premium may not always be beneficial. Always consider how much you could afford to pay in the event of an accident if you were at fault.
6. Use a Telematics Tracker to Cut Young Driver Costs
A telematics device records and monitors the individual’s driving behaviors. Therefore, an insurer can look at the specific person rather than the bracket they fall into, allowing them to pay appropriately for the risk they pose.
7. Choose a Car in a Low Insurance Group to Save Money
High group and high value cars are more expensive to insure as they are more expensive to repair or replace in the event of an accident. Different models have different features and it is important to know what is included in relation to items such as body kits and built in sat nav devices.
8. Don’t Modify Your Car if You Want Lower Insurance Costs
Modifications increase the risk and cost of the premium. They often result in additional costs in the event of repairing or replacing your vehicle. Performance related modifications can also be difficult to insure.
9. Drive Carefully to Keep Premiums Down
The more years you have with no claims or penalty points, the cheaper your insurance. Claims and penalty points are loaded on an insurance policy as they increase the risk. This is usually calculated as a percentage load.
10. Remove Extras You Don’t Need to Reduce Car Insurance Costs
When you compare car insurance, check whether extras such as courtesy car cover, legal cover and windscreen cover are included as standard, or whether they are add-ons you have to pay for.
Conclusion
Saving money on car insurance doesn’t have to be complicated. By following these top tips — from building your no claims bonus to choosing telematics - you can cut costs while still enjoying the cover you need.
If you’re looking for affordable car insurance Ireland wide, its4women makes it easy. Get in touch with us today for a quick quote and see how much you could save on your next policy.