After an expensive festive period, paying for your car insurance may look like a frightening prospect, especially if your New Year’s resolution is to tighten the purse strings. However, by investing a little time and effort into it, you could save yourself spending unnecessary money.
Bell, part of the Admiral Group, which specialises in saving money for drivers with zero no claims bonus, has come up with a list of tips that can help to reduce the cost of insurance.
Commenting on these tips, Bell managing director, Sue Longthorn, said, "These tips show that there are many ways in which car owners can reduce the cost of their insurance premium. Many people are not aware of the factors that influence car insurance, and may not realise that simple changes may positively affect the cost.
“For example, a 35 year old male living in London, with zero no claims bonus driving a 2005 BMW 520i, can save around 30% by keeping the standard alloy wheels, giving an accurate annual mileage, having a £250 voluntary excess and regularly driving other cars. If he drove a Vauxhall Corsa instead of the BMW, he could then save a further 30%.”
Issue date: 29th December 2005
Bell is a trading name of EUI Limited. (Reg No: 02686904). EUI Limited is a subsidiary of Admiral Group plc and is authorised and regulated by the Financial Conduct Authority (Firm reference number: 309378). These details can be confirmed by visiting the Financial Services Register, www.fca.org.uk/register. EUI Limited acts for, and on behalf of, other regulated insurance companies. Further details may be provided on request.
Admiral Group plc is registered in England and Wales at Tŷ Admiral, David Street, Cardiff. CF10 2EH (Reg No: 03849958).