So if it’s nearly time to renew your insurance, we’ve come up with some easy – and perfectly legal – ways to try and cut the amount of money you’ll be shelling out.

It’s also a good idea to ring your existing insurance company when your renewal quote comes through, to see if they can give you a better deal. A quick phone call could save you some cash, with numerous places offering ‘loyalty discounts’.

Choose your occupation carefully

Of course you should always be as honest as possible when describing your job title – but be aware that some will carry higher premiums.

For example ‘chef’ will return a premium that is £98 higher than ‘kitchen staff’, according to Gocompare.

Classing yourself as a music teacher means you will pay £86 more than teachers, while copywriters will offer a different quote than writer.

However, any job title must accurately describe your role. Putting down teacher when you are actually a doctor is fraud and could lead to prosecution.

Adding a driver

If you add a secondary driver to your policy – such as a parent or partner – it could save money.

The secondary driver has to give permission and as long as they have a clean license and a good no-claims history it could push down the price of a premium.

However, be warned that fronting – the practise of younger drivers putting parents as the main driver of their car – is illegal in the UK

Pay in one lump sum

Not everybody can pay for their insurance premium in one go, but those that can could save up to £62, according to MoneySupermarket.

The savings are because the up front payment removes the need to pay interest on the premium.

Boost your excess

The level of your insurance premium excess can impact on the final quote. A higher insurance excess – the amount you’re willing to pay towards the damage – means less risk for the insurer and lower premiums.

By David Pittam

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