But rather than simply clicking auto renew when the time comes, follow these insurance tricks and cut the price of your premium.

Shop around

Most insurers don’t reward loyalty. The first thing you should do when your insurance renewal comes up is to shop around for the best quote possible.

Limit your mileage

The fewer miles you cover, the less time you’ll be on the road and the less likelihood there is of having an accident. It’s easy to check your approximate annual mileage by looking at your car’s MOT certificate.

You can either compare the most recent one with the previous year’s, or see how many miles you’ve done since it was issued and then work out your annual mileage from that.

Consider a higher excess

The excess is the amount that you contribute towards a claim before the insurer pays out. The insurer’s logic is as follows: the more excess you pay, the more care you’re likely to take, so the less risk you represent and hence the cheaper the premium. If this leaves you feeling exposed, you can even take out a separate policy to cover your excesses on multiple insurance policies these days.

Avoid adding multiple drivers

One valuable piece of car insurance advice is not to add too many drivers to the policy. The more drivers, the greater the risk. However, if you add your other half, you may save money. If your partner is on the policy, you’ll probably be driving with them in the car. That, insurers think, makes you a lower risk.

By James Foxall

See Full Story at www.telegraph.co.uk