Cheap Monthly Car Insurance

Questions and Answers

Your Questions About Car Insurance Groups 1

March 23, 2013

Lisa asks…

How can I lower my insurance?

I am 18 and live in WV and I need to find the lowest car insurance rates possible. Is there anything I can do to make it lower? Suggestions please?

Administrator answers:

This is where an agent comes in handy. He or she can answer this type question for you. Here are ways to lower your premium:

1. Shop around. If your agent is an independent agent he or she can check with the other companies they represent. If not, you will need to call some local agents yourself.
2. Check to see if your company offers group discounts. Insurers award discounts to low-risk consumers who share a common affiliation such as a membership in an employee group, a professional trade groups, or an alumni association, to name a few.
3. If you have a homeowners or renters policy be sure that it is with the same company to take advantage of a multi-policy discount.
4. Increase the physical damage deductibles (i.e. Comp and collision). However, understand that you will have to pay more out of pocket if something happens to your car.
5. If the car is older consider dropping the collision coverage. But the above advice applies here because if you are involved in an at fault accident you will have to pay out of pocket because there is no coverage. If you live in a no-fault state you may not even be able to recover from the at fault driver (or very little).
6. If you have comprehensive coverage you might consider installing a car alarm. Most companies give discounts for anti-theft devices.
7. Prioritize your other coverages. Do you have road service? Could you get by without it? Rental reimbursement? Could you take a bus if your car was in the body shop?
8. If you are paying monthly switch your payment plan to quarterly or semi-annual. Insurers charge you extra for every installment
9. Make sure that the agent has the use of your auto properly classified. Pleasure use? Driving to work? (If you take a bus to work instead of driving your car make sure the agent knows that)
10. Move. This may not be practical but if you move from an urban area to a suburban or rural area your insurance will likely be lower.
11. Reduce your liability limits to State minimums. I do not recommend this.

George asks…

Will Tesco car insurance charge us for changing the car on the policy?

We have a new car but our policy isn’t renewable till march 2011, will tesco charge us for changing it? Also we are changing from a 14 year old 1.5 diesel to a 2 year old 1.4 petrol, do you think the premium will change?
Thanks!!
Thanks for your answers!

Administrator answers:

They will normally make 2 charges -
1. A set admin fee for a change – this should be detailed in the policy documents they sent when you started with them and it is a term and condition of the insurance.
2. Due to the age and value differences, although the cars may be a similar or the same insurance group, the most likely thing is an increase in premium. This will be charged proportionally for the remaining term of the policy and at the rate now not the rate in March 2010 which may make it seem pricey due to the 40% average increases in insurance this year

Maria asks…

What is the cheapest (relatively new) car to insure for a learner?

My 17 year old son is about to embark on driving lessons and needs to know what is the cheapest car to insure. It won’t be an old banger but something like a 3 year old corsa, fiesta type vehicle.
Hotz – I agree with you about the Fiesta Zetec. I’ve got a brand new one myself and I love it and it you think I’m letting my son anywhere near it yet you’ve got another thing coming.

Administrator answers:

If you go on the parkers website they show cars in insurance groups so the lower the insurance group the cheaper the insurance, they also give reviews on the car (safety and performance wise) so try having a look at the cars in insurance groups 1 and 2.

Steven asks…

What is the best company for cheap car insurance?

I am doing my lessons, I am a 19 year old female and a mother of 1. I have just bought a renault clio 1.4 and need to get the cheapest possible insurance. To start i need insurance so that i can drive with someone in the car on my provisional but i also need quotes on how much it will cost me when i have past my test.

Administrator answers:

It is not as easy as saying try company X as a company that is cheap for one person may not be cheap for someone else as the quote they give depends on your own personal circumstances and driving history.

There is unfortunately no quick way for young inexperienced drivers to get cheap car insurance. Insurers are getting hammered with claims from this age group, and lots of UK insurers have taken the decision to stop insuring younger drivers altogether. Those who still do insure them are forced to charge high prices to cover the cost of the claims they make.

There is only one way to get cheaper car insurance, and that is to pay the going rate for a few years, and try to build up some claim free driving experience. You will soon find, once you get some no claims discount, and some experience, that the cost will start to come down. In the meantime, I would try one of the price comparison web sites, as whilst they will all be expensive, it will help to identify the least expensive.

Sorry, but there simply is no easy answer. If there was, we would all be doing it.

Donna asks…

Is insurance group 7 high for your typical first time driver?

found a car i like but its in insurance group 7, is that going to be expensive for your first time driver. if so other car recommendations would be appreciated, i was looking at a Citroen Saxo VTR 1.6i 3dr.

Administrator answers:

Yes expensive, its a sportier model and Saxos are not cheap anyway due to them being both fragile and beloved by boy racers

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