Car insurance is one of the biggest annual costs for most Irish households and the increase in some premiums over the past number of years make it even more important to find the best deals available. Several factors affect the cost of insurance. In this post, we take a look at some of the secrets of finding cheaper car insurance quotes in Ireland.
Don’t Over Insure
It’s important to be conservative when valuing your car. After all, you will only be able to claim the amount that the car is deemed to be ‘worth’ on the day of the claim by your insurer’s assessor.
However, people often tend to overvalue their car. Remember you are being asked to value your car as of today’s market price (based on age and condition), not how much it cost you at the time of purchase. The value submitted when taking out your motor insurance should be the estimated market value of your vehicle on the day / date of your insurance commencement.
Be sure to use a depreciation calculator for estimating the current value of your motor vehicle. You can even visit the Revenue Commissioners website to find the right value of your car.
Your motor vehicle’s horse power will greatly affect the insurance premium you pay. So choose your car wisely. The bigger the car’s engine and the more expensive the car, the higher the premium.
Imported cars tend to attract more premium and so do models that see more theft claims.
If embarking on purchasing a car, remember to check the insurance cost before you purchase. If you have a specific make and model in mind, remember to check to see which insurance grouping your car falls into before you purchase.
Add Another Driver
Adding in a secondary driver to your car insurance Ireland policy can help lower your premium. In fact, many insurers offer a discount when you add a partner/spouse to your policy.
Ensure the secondary driver is an experienced driver and has a clean driver’s license as well as a decent no-claims history.
If you are a claims-free car owner, consider switching insurers regularly.
Compare quotes from different insurers. Better yet, consider using an insurance broker. A broker can compare multiple car insurance quotes to help you find the best deal available to them in the market place.
Check to see if you’re entitled to further discount if you have multiple policies with the same insurer.
Get Car Insurance Quotes Online
Get your quote in a matter of minutes with Britton Insurance. We are Ireland’s leading car insurance brokers with a team of highly experienced insurance specialists. We compare up to 30 car insurance quotes to help find the best quote available to us on a given day and the best features to suit your individual needs. Give us a call today!