How to Save Money on your Car Insurance

With the cost of living being at a high right now, we’re all looking for ways to save money where we can. Car Insurance rates are on the rise and while insurers can no longer charge renewing customers more than if they were a new customer, you might not get the best price by staying put.

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Here are my top tips on how to save on your car insurance:

Don’t rely on comparison sites

Not all insurers are on price comparison websites, including Volkswagen Group brands, meaning our customers will receive better value pricing. Our branded motor insurance propositions provide genuine parts with a two-year warranty when using a Volkswagen Approved Repairer.

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Pay upfront

Paying your annual car insurance premium upfront could save you money. While paying monthly helps spread the cost, you’ll likely be charged interest on the instalments which will add up.

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Voluntary excess

Choosing to pay a higher voluntary excess (the amount drivers pay towards a claim) could help you bring the overall premium cost down. Drivers just need to ensure they can afford the additional excess, should they need to make a claim.

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Look into immobilisers

Fitting an industry-approved alarm or immobiliser might help to cut the cost of your insurance. However, you might need to speak to your insurer directly to quantify the saving reflected in your premium.

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Check your car’s insurance group

Every vehicle is different, belonging to one of 50 car insurance groups, indicating the risk associated with the vehicle. It’s worthwhile checking which insurance group your car is in before you purchase it, as this could have a huge impact on the cost of your car insurance.

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Driving an electric vehicle (EV)?

As the UK prepares for the impending ban on new petrol and diesel car sales, the EV market is expected to grow exponentially. We have already seen a huge growth in the sale of EVs, which is why VWFS already offers comprehensive insurance for our EV drivers to give them peace of mind when they need it most.

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A lack of experience with this new technology means many insurers prematurely write off EV’s that could have otherwise been repaired. Our branded car insurance however is trusted by many EV drivers as we’re reliable and put our customers first. It’ll cover your battery if it becomes damaged because of an insured incident, and we’ll insure your EV charging cables. Make sure you check the coverage when you’re insuring your EV and check with insurers directly.

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We’ll be sharing some more about EV insurance over the coming months, so watch this space…