Consider the car you drive,
if possible. Car insurance companies group all cars from 1-50 for insurance purposes. Generally, the higher the
car insurance group, the more expensive your insurance is. Cars with more powerful engines, for example, are generally in higher insurance groups.
Black box, or telematics insurance, adjusts the price of your insurance based on your driving habits. The insurer uses an app or a device installed in your car to monitor your driving. The idea is to reward safer drivers with cheaper prices, meaning telematics car insurance can be more affordable for young and inexperienced drivers.
Increase your voluntary excess.
Voluntary excess
is the amount you’re willing to pay towards repairs in event of a claim, this can help reduce the price of your insurance. But remember not to go for more than you could realistically afford to pay if you needed to make a claim.
Be accurate when estimating your mileage
so you’re only paying for miles you’re driving. The average yearly mileage is around 6,5001.
1Based on Confused.com data, October - December 2023.