Choose modifications with care
Avoid any modifications to your car unless they act to increase its safety. Even a simple change such as adding alloys can increase the premiums. However, changes that increase the safety and security of your car such as adding an immobiliser or an alarm can help to lower your premium. Be sure to talk to your insurer or broker before making any changes to discuss the impact it will have on your premiums.
Keeping your licence clean is fundamental in keeping your costs down. Convictions or penalty points can increase the cost of your cover in Ireland, so stick to speed limits and drive with care. Your No-Claims bonus is the basis of a big saving on your annual premium, so it pays to protect it! Insurers will also look favourably on lower mileage, so if there is any way you can reduce the distances you travel (by car sharing, for example), this should be reflected in lower premiums.
Share the load
Many drivers don’t realise that they can get a discount by adding a partner to their policy, sometimes of up to 20%. Talk through the implications with your broker, though, as it may not pay to add a driver that has points on their licence or is less experienced than you.
Avoid monthly instalments
Sometimes it helps to spread the cost of insurance over the year, but if you can, settle the balance upfront. Paying for insurance monthly is like taking out a high-interest loan, so you’ll be paying interest on top of the initial sum. The interest rates can be as high as 20% so it works out to be much cheaper to pay the full sum in one go.
Look for added extras
Read the fine print to see what else is included. For example, some insurers offer breakdown assistance – this could be more important to a female who routinely travels alone, and means you don’t have to pay again for cover. Cover for personal effects and clothing that might get stolen or damaged in your car is also available.
Get the experts to do the hard work!
A surefire way to get the best insurance rates in Ireland is to use a broker such as Britton Insurance. We take time to understand your own personal requirements and have the experience to help you find the right cover, at the right price.