We all have to pay for insurance if we want to drive a car. It can be a bit annoying but it is the law and so we will need to do it. However, there is often no need to pay as much for the insurance as we are paying and so we can save some money. However, many of us will just continue to do what we always do and not think about cutting the cost. There are quite a few different things that you can try though, which will reduce how much you have to pay.
The best way to start is to compare prices between different insurers. You can use a broker for this or a comparison website. Then you will know whether you are paying more than necessary. At this point you will not want to switch but you just need to know what sort of prices are available. You will be able to use this as a way to decide whether you think that the amount that you are paying seems too expensive. You will find that the prices can vary quite a bit and this could be because some insurers are just more expensive, perhaps because they are more well known. It can also be the case that the cheaper insurers may not give the same cover as your current insurer.
Therefore before you switch insurers it is a good idea to find out what cover you are paying for or just thinking about what cover you want. You may just be happy with the basics, but you may want to cover costs of accidental damage to your vehicle, having a hire car while you are having your vehicle repaired or being able to cover you when you are travelling for work or abroad. It is a good idea to make a list and then when you are comparing insurers you can see how much it will cost for you to get this cover.
If you want to stay with your current insurer, then it can be a good idea to consider whether you should try to negotiate with them to lower the price. When the insurance comes due for renewal then this can be a good opportunity to ask them whether they are able to offer you something a bit cheaper. If you have already got some quotes then you will be able to let them know that you have had some lower prices and this might help to encourage them to lower the price. If you are switching to a new insurer it can still be worth asking them whether they can lower their prices as they may be able to lower their prices even more, although they do tend to offer pretty low prices to new customers anyway.
It can also be worth checking what you are actually covered for. You could find that you have insurance cover for more than you need and therefore you will benefit if you are able to reduce those things. Sometimes there are optional items within the cover and so it is worth speaking to the insurer about this and finding out whether they will be able to reduce what you are covered for and be able to reduce your premium as a result. It may also be worth considering reducing the excess. This is the amount that you have to pay before you get the money that you get paid for a claim. If you think you are unlikely to make claims or you do not want to make small ones in case it means that you will have your premium raised then having a high excess and paying a lower premium could be in your advantage.